Pfeiffer Vacuum AG : Fresh profit warning, downgrade to Reduce vs Buy
>Fresh warning due to the postponement of orders to 2020 - Yesterday evening, Pfeiffer Vacuum warned that its 2019 results would fall below the targets issued at the time of the interim earnings presentation. The reason for this fresh warning is the postponement of new orders at the semiconductors (35%-40% of revenues) and coatings activities (15%-20% of revenues), from end-2019 to 2020. The group now anticipates revenues of € 620m-€ 640m vs previous guidance of € 64...Pfeiffer Vacuum provides vacuum technology solutions. Co.'s products are divided into the areas of vacuum generation, vacuum measurement and analysis, installation elements, vacuum chambers and vacuum systems. It includes a range of hybrid and magnetically levitated turbopumps, oil-lubricated and drycompressing low and medium vacuum pumps, leak detectors, mass spectrometers and gauge heads. Co. manufactures vacuum chambers in cubical, cylindrical and bell-shaped designs. Co. also develops and manufactures vacuum systems for customer specific processes, such as testing components for the automotive and electronics industries, testing pressure vessels or packaging in the food industry.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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