Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG: Second Quarter 2020 Results Expected to be Weaker, Order Intake to Remain Stable, Compared to the Previous Year

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Pfeiffer Vacuum Technology AG: Second Quarter 2020 Results Expected to be Weaker, Order Intake to Remain Stable, Compared to the Previous Year

Asslar, June 22, 2020. Pfeiffer Vacuum Technology AG ("Pfeiffer Vacuum") expects for the second quarter 2020, ending June 30, 2020, to achieve sales of around EUR 140 to 145 million (second quarter 2019: EUR 157.4 million). The decline is primarily driven by the decrease in demand due to global economic conditions, partially offset by continued strong demand in the semiconductor market. The operating result (EBIT) is expected to be in the range of EUR 3.0 to 6.5 million, significantly lower compared to the previous year (second quarter 2019: EUR 14.7 million), and the EBIT margin to be about 2.0 to 4.5 percent (second quarter 2019: 9.3 percent). This is primary driven by productivity loss due to sales declines and COVID-19 measures, product and market mix, and year-over-year increased expenses to drive market share growth. The order intake in second quarter 2020 is expected to be at or slightly above second quarter 2019 (second quarter 2019: EUR 144.9 million).

The company will announce detailed results for the second quarter and first half 2020 on August 4, 2020.

Contact:
Pfeiffer Vacuum Technology AG
Investor Relations
Heide Erickson
T +49 6441 802 1360
F +49 6441 802 1365
Heide.Erickson@pfeiffer-vacuum.de