Corporate | 15 June 2016 15:57

2016 Annual General Meeting of PVA TePla AG

DGAP-News: PVA TePla AG / Key word(s): AGM/EGM

2016-06-15 / 15:57
The issuer is solely responsible for the content of this announcement.

The Annual General Meeting of PVA TePla AG, Wettenberg, was held yesterday at the Gießen Congress Center headed by the Chairman of the Supervisory Board Alexander von Witzleben. All items on the agenda were passed with a majority of almost 100% with around 40% of shareholders in attendance.

Further developments
In his speech, CEO Peter Abel – after a brief overview of the reporting year – provided details to the attending shareholders on ongoing developments in respect to various process systems. Key areas covered were diffusion bonding processes for complex components in large high-vacuum hot presses and the semi-conductor industry and a fully automatic testing process for ultrasound inspection systems suitable for Industry 4.0.

Incoming orders considerably higher in 2015
CFO Henning Döring elucidated the considerably improved net result for 2015 and reported higher incoming orders and a current high order backlog. After two years of losses, the Group is now generating profits.

Oliver Höfer, the Management Board member responsible for Production and Technology, provided an overview on the status of restructuring of the company to a globally operating holding and commented on the strategy of bundling resources within the Group.

Forecast for fiscal 2016 confirmed
The Management Board then confirmed its forecast for the key figures for fiscal 2016.The expectation was for sales revenue of between EUR 80 and EUR 90 million and EBIT of between EUR 2 and EUR 4 million.

In the subsequent general discussion, the questions from shareholders and shareholder representatives about the company and the items on the agenda were answered to the satisfaction of those attending.

For further information please contact:

Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel.: +49(0)641/68690-400
gert.fisahn@pvatepla.com

2016-06-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	PVA TePla AG
	Im Westpark 10-12
	35435 Wettenberg
	Germany
Phone:	0641/686900
Fax:	0641/68690800
E-mail:	info@pvatepla.com
Internet:	www.pvatepla.com
ISIN:	DE0007461006
WKN:	746100
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart


End of News	DGAP News Service