Pfeiffer Vacuum AG : Better-than expected Q2 2020 results, but the company does not expect a further improvement in H2 (vs H1)
>Q2 2020 results above expectations and above the company guidance given in June - Revenues were € 148.5m above the guidance range given on 22 June 2020 of € 140-145m (vs € 157m in Q2 2019). It is down 5.6% y-o-y. As a result, H1 sales totalled to € 301.9m, down 3% y-o-y primarily driven by lower sales in the coating, analytics, industry and R&D markets, offset by a strong performance in the semiconductor market. Sales in the semiconductor and coating market combined ...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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