Pfeiffer Vacuum AG : Q4 2019 below expectations, sales expected to grow in 2020, but without a significant improvement in margins
>Q4 2019 results below expectations - Pfeiffer Vacuum announced its Q4 preliminary results, which came in below expectations. Q4 2019 sales were € 165.5m, below consensus of € 172.7m, down -1.7% y-o-y. EBIT was € 16.2m, down 39% y-o-y, below the consensus of € 20.7m, corresponding to an EBIT margin of 10% (vs 12% for the consensus). Orders in Q4 came in at € 148.7m vs € 175m for the consensus, down 7.4% y-o-y. For FY 2019, sales were € 632.9m, in line with the F...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.