PVA TePla publishes 2021 financial results, sees record order intake
March 29, 2022
PVA TePla AG, headquartered in Wettenberg, Germany, a systems manufacturer and equipment supplier for the semiconductor industry and for high-tech materials, has published its annual report for 2021. The group states that consolidated sales revenue grew by 13.6% from €137 million in 2020 to €155.7 million. The operating result before depreciation and amortisation (EBITDA) rose slightly to €23 million (previous year: €22.7 million). This means the group’s forecast of sales between €140-150 million and earnings (EBITDA) between €18-20 million, which was published in March 2021, was significantly exceeded.
Sales in the Semiconductor Systems division increased by a further 29% to €117.8 million in the fiscal year 2021 (previous year: €91.4 million). The main growth drivers were sales of crystal growing systems for the semiconductor wafer industry and metrology systems. The Industrial Systems Division achieved sales of €37.9 million (previous year: €45.6 million). Brazing systems for the electrical industry, process systems for vacuum sintering of hard metals, diffusion brazing systems for complex, high-purity workpieces such as heat exchangers accounted for the majority of system sales.
PVA TePla reports that it achieved its highest order intake in the group’s history, reaching €312.5 million, a threefold increase compared with 2021. High order intake was achieved in all three product lines – Crystal Growing, Metrology and Advanced Materials. At the end of 2021, the order backlog amounted to €283.3 million and has a range into the year 2025.
For the future outlook, the high level of investment in the semiconductor industry is expected to continue and the PVA TePla Group states that it will benefit from this in many ways due to its broad technology portfolio. For the fiscal year 2022, sales revenues in the range of €170-180 million and EBITDA between €25 and €27 million are expected, again a significant increase compared to 2020. The group’s medium-term target is to achieve consolidated sales revenues of €250 million with an EBIT margin of 15% in the fiscal year 2024.
“We continue to expect significant growth in the semiconductor industry,” commented Manfred Bender, CEO. “The Advanced Materials business with its vacuum and high-temperature process equipment is also benefiting from investments in the semiconductor industry and also in renewable energies, one challenge in the current fiscal year will certainly be the possible effects of supply bottlenecks. We are working at full speed to keep these as low as possible. In this respect, the PVA TePla Group benefits from its business model of having long-term orders at our disposal, so that we can place our orders with our suppliers at an early stage.”