Successful start to the new financial year - Carl Markus Groß to become
Chief Financial Officer from 2025

EQS-News: PVA TePla AG / Key word(s): Quarterly / Interim Statement
Successful start to the new financial year - Carl Markus Groß to become
Chief Financial Officer from 2025

15.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PVA TePla has started the new financial year with an increase in earnings
and sales - Carl Markus Groß to become CFO in 2025

* Q1 2024 sales climbed to EUR 61.4 million

* EBITDA margin up to 14.2% (previous year: 12.3%)

* Metrology business unit records substantial growth

* Technology hub provides comprehensive R&D approach

* Guidance confirmed

* Supervisory Board appoints Carl Markus Groß as Chief Financial Officer

Wettenberg, May 15, 2024. PVA TePla has started the new year with a
significant improvement in earnings and a solid increase in sales: The
technology provider for high-tech systems and processes increased its
operating result before depreciation and amortization (EBITDA) to EUR 8.7
million in the first quarter of 2024, compared with EUR 7.2 million in the
same period of the previous year. As a result, the margin increased by 1.9
percentage points to 14.2%. Thus, PVA TePla has laid the foundation for the
targeted improvement in profitability in 2024. In terms of sales, the Group
recorded a 5% year-on-year growth to EUR 61.4 million for the first three
months of the year. With effect from January 1, 2025, the Supervisory Board
has appointed Carl Markus Groß as CFO of PVA TePla.

'Our new fiscal year is progressing positively and according to plan. In
particular, we have seen improved earnings, significant gains in our
metrology business as well as expanding demand for our products in the areas
of decarbonization and mobility,' Jalin Ketter, CEO of PVA TePla AG,
explained. 'In terms of organization, I am looking forward to working with
Carl Markus Groß, who will provide valuable support with his digitalization
expertise for the implementation of our 2028 growth strategy.'

Total sales amounted to EUR 61.4 million, of which 73% (previous year: 72%)
were generated by the Semiconductor Systems segment and 27% (previous year:
28%) by the Industrial Systems segment. The Semiconductor Systems segment
generated revenues of EUR 45.0 million in the first three months of the
current year, an increase of 7.3% compared to the prior-year period (EUR
42.0 million). The segment's operating result was EUR 6.1 million compared
to EUR 6.0 million last year. Quarterly revenues for the Industrial Systems
segment were EUR 16.4 million, on a par with the previous year (EUR 16.5
million), while the operating result for this segment jumped from EUR 1.0
million in the previous year to EUR 1.9 million, representing an increase of
95.7%.

In total, earnings before interest, taxes, depreciation and amortization
(EBITDA) improved significantly from EUR 7.2 million in the first three
months of the previous year to EUR 8.7 million in the reporting period. This
is an increase of EUR 1.5 million or 20.9%. As a percentage of sales, this
corresponds to a margin of 14.2% after 12.3% in the previous year. After
depreciation and amortization, the operating result (EBIT) stood at EUR 7.0
million, following EUR 5.5 million in the prior-year period. The EBIT margin
consequently climbed by 2 percentage points from 9.4% to 11.4%.

Development of order backlog and order intake

PVA TePla's order backlog stood at EUR 258.4 million as of the reporting
date. The year-on-year decline (previous year: EUR 327.2 million) is mainly
due to lower demand in the core semiconductor business. As a result, the
order backlog for the Semiconductor Systems segment decreased to EUR 153.5
million (previous year: EUR 228.3 million), while the Industrial Systems
segment recorded a slight year-on-year increase to EUR 105.0 million
(previous year: EUR 98.9 million). Order intake amounted to EUR 42.3 million
(previous year: EUR 61.7 million). Again, the Semiconductor Systems segment
recorded a decline from EUR 50.5 million in the previous year to EUR 24.7
million, while incoming orders for the Industrial Systems segment increased
from EUR 11.2 million to EUR 17.6 million.

Both segments are experiencing growing demand for metrology systems, which
are used, for example, in the quality control of semiconductor components.
Based on current developments, PVA TePla expects this product group to
continue growing strongly in the future. In addition, the semiconductor
industry is showing the first signs of recovery. The Management Board
currently assumes a recovery in this sector during the second half of 2024.

Top digitization expert appointed CFO

From 2025, Carl Markus Groß will be the new CFO of PVA TePla. He will assume
responsibility for all finance-related tasks from Jalin Ketter, who
currently has the positions of both CEO and CFO. Groß, who holds a degree in
economics and is a certified public accountant, worked in various management
positions at the auditing and consulting firm RSM Ebner Stolz (Frankfurt) in
recent years, where he was involved in the digitalization of auditing and
finance, most recently as Partner and Head of Data Science. He will also
take over the IT department and use his expertise to develop the increased
use of digital infrastructure within the company.

'We are delighted that Carl Markus Groß will be joining the Management Board
as Chief Financial Officer. His expertise in the areas of finance and IT
provides PVA TePla with exactly the skills and experience we need as we
continue to grow,' stated Alexander von Witzleben, Chairman of the
Supervisory Board of PVA TePla.

Full-year guidance confirmed

For the fiscal year 2024, the Management Board expects consolidated sales in
a range of EUR 270 to 290 million and earnings before interest, taxes,
depreciation and amortization (EBITDA) of EUR 47 to 51 million. From today's
perspective, growth of a similar magnitude is also expected for the
following year, 2025. Over a period of five years, i.e. until the end of the
fiscal year 2028, the management aims to roughly double the previous year's
sales volume to around EUR 500 million.

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


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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
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1903157

End of News EQS News Service
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1903157 15.05.2024 CET/CEST