Pfeiffer Vacuum announces first quarter results
* Sales revenues up significantly in core business
* Trinos integration on schedule
* New orders surge
For Pfeiffer Vacuum the crisis seems to be over. The company s order intake in the first quarter 2010 is at 49.4 million 28.6 percent above the prior year s level of 38.4 million. When it comes to sales revenues, Pfeiffer Vacuum s year-on-year comparison for fiscal 2010 is characterized by a variety of non-recurring effects: A major contract from the solar industry had a significant positive impact on sales revenues in 2009. Against this special effect stands the integration of newly acquired subsidiary Trinos Vakuum-Systeme, which is on schedule and makes a positive contribution to sales revenues in 2010. Aside from these factors, the results for the first quarter of 2010 show a clear improvement in the company s core business.
While Pfeiffer Vacuum s sales revenues for the first quarter of 2010 slipped by 4.7 percent year on year for the above reasons, from 52.0 million to 49.5 million, the regional sales mix is an indication of Pfeiffer Vacuum s positive development on international markets. Sales revenues in Germany declined by 28.6 percent to 15.7 million due to the special effect from the previous year (Q1/2009: 22.0 million). Sales revenues in the other countries of Europe, however, were up for the first time in five quarters. The increase amounted to 3.9 percent and generated sales revenues of 14.5 million (Q1/2009: 13.9 million). Declining moderately by 0.6 percent, sales revenues in the United States remained largely stable at 10.0 million (Q1/2009: 10.1 million). The strongest development was seen by all of the countries in the Asia region, especially Japan. Sales revenues in Asia and the rest of the world rose by 57.4 percent, from 5.9 million in the first quarter of 2009 to 9.3 million in 2010. In no region did currency translation effects play a major role.
In addition to the recovery in the company s core business, the sales revenue mix by markets, too, was impacted by the fact that the year-on-year comparison was characterized by the one-time effect. As a result of the sales revenues under a major contract from the solar industry the year before, the Coating segment recorded a 59.9-percent decline in sales revenues to 7.1 million (2009: 17.7 million). On the other hand, sales revenues in all other market segments increased significantly. In the Analytical Industry market segment sales revenues rose by 25.1 percent to 13.8 million (Q1 2009: 11.1 million). Following its strong growth throughout the entire 2009 fiscal year, the Research & Development segment again advanced in the first quarter of 2010, with sales revenues rising by 28.6 percent to 11.1 million, by comparison with 8.6 million the year before. The Industrial market segment also saw encouraging sales revenue growth of 18.9 percent, from 9.2 million in the first quarter of 2009 to 10.9 million in 2010. The strongest relative growth was recorded in the Semiconductor segment, where the company benefits from the current boom, with sales revenues rising by 77.8 percent to 4.4 million (2009: 2.5 million). In the Chemical and Process Technology segment, sales revenues decreased to 2.2 million (2009: 2.9 million)...more
