Ad hoc:Pfeiffer Vacuum Technology AG:Ad hoc:

Tuesday, 23. February 2010 06:53
Pfeiffer Vacuum Technology AG / / Ad hoc: processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Pfeiffer Vacuum weathers the crisis

·        Sales revenues satisfactory in spite of economic environment
·        EBIT margin remains at high level
·        Positive trend of new orders

Asslar, Germany, February 23, 2010. Pfeiffer Vacuum announces its preliminary,
as-yet unaudited results for the 2009 fiscal year. These numbers show that the
company succeeded in largely cushioning the effects of the general economic
crisis. While sales revenues did decline by 8.1 percent to € 182.0 million
(2008: € 198.1 million), this decrease was very moderate by comparison with the
general trend of development in the mechanical engineering industry. At € 37.8
million, operating profit for fiscal 2009 declined by 28.6 percent from the
previous year's level of € 51.5 million. The EBIT margin amounted to
20.8 percent, and thus continues to remain at a high level. These preliminary
results for fiscal 2009 are clearly higher than management's stated worst-case
scenario which called for a maximum decrease of between 10 and 15 percent in
sales revenues and an EBIT margin in excess of 20 percent.

Following a record € 225.3 million in 2008, new orders in fiscal 2009 totaled
€ 161.2 million, down 28.5 percent year on year. At 0.89 in 2009, the
book-to-bill ratio, i.e. the ratio between new orders and sales revenues, was
weaker by comparison with the previous year's very good 1.14 - which included a
major contract. However, there was a positive trend in quarter-to-quarter
develop­ment. With new orders of € 43.9 million, the 4th quarter of 2009 was not
only the strongest quarter in the past fiscal year, but represents also an
improvement on the € 42.6-million level for the same quarter the year before.
Orders on hand as at December 31, 2009, totaled € 40.2 million, down by € 20.8
million from € 61.0 million the year before which as well included a major

Pfeiffer Vacuum Chief Executive Officer Manfred Bender had this to say about the
results: "I am very satisfied that our company came through the economic crisis
in relatively good shape during the year under review. The sharp decline in
year-on-year comparison was attributable to the especially good course of
business in 2008. Our order backlog of € 40.2 million at the close of fiscal
2009 is a good metric for us, as our business is being characterized by
ever-shorter ordering cycles. We already took this factor into account in
restructuring and expanding our manufacturing operations in Asslar. Given the
positive trends in new orders and the progress we are making in integrating our
new Group company, Trinos Vakuum-Systeme, we view the current fiscal year with

The company will present its detailed, audited profitability numbers, its
complete financial statements and its dividend distribution proposal on the day
of the financial press conference on March 23, 2010.


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Pfeiffer Vacuum Technology AG
Berliner Strasse 43 Asslar Germany

WKN: 691660;ISIN: DE0006916604;Index:TECH All Share,CDAX,TecDAX,Prime All Share,MIDCAP,HDAX;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
Freiverkehr in Bayerische Börse München,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
Related Links: Pfeiffer Vacuum Technology AG
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