EANS-News: Pfeiffer Vacuum Technology AG / Pfeiffer Vacuum announces results for the first nine months of 2011

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quarterly report

Subtitle: • Strong sales revenues development in the first nine
months • Temporary slowdown in demand to be expected •
Prospects excellent in the medium term

Aßlar (euro adhoc) - As expected, Pfeiffer Vacuum's sales revenues
developed very well during the first nine months of 2011. The
significant increase of 155.8 percent over the previous year is not
only due to the acquisition of former competitor adixen. The core
business also considerably improved with an increase of a good 13
percent.

Highlights at a glance:

| |9M/2011 |9M/2010 |Change |
|Sales revenues |EUR 405.5 |EUR 158.5 million|155.8 % |
| |million | | |
|Operating profit |EUR 62.6 million|EUR 37.1 million |68.8 % |
|(EBIT) | | | |
|Net income |EUR 41.7 million|EUR 29.0 million |43.7 % |
|Earnings per share |EUR 4.22 |EUR 3.39 |24.5 % |
| | | | |
|New orders |EUR 402.9 |EUR 165.3 million|143.7 % |
| |million | | |
|Order backlog |EUR 88.6 million|EUR 48.6 million |82.3 % |

| |Q3/2011 |Q3/2010 |Change |
|Sales revenues |EUR 120.4 |EUR 59.1 million |+ 103.9 % |
| |million | | |
|Operating profit |EUR 19.0 million|EUR 14.4 million |+31.7 % |
|(EBIT) | | | |
|Net income |EUR 12.6 million|EUR 11.3 million |+ 12.0 % |
|Earnings per share |EUR 1.29 |EUR 1.32 |- 2.2 % |

In Europe, sales increased to EUR 180.8 million in the first nine
months of 2011 (previous year: 92.1 million). In Asia, sales more
than quintupled to EUR 148.8 million (previous year: EUR 26.1
million). In the Americas, sales increased by 92.6 percent to EUR
74.9 million (previous year: EUR 38.9 million).

The strongest product by adixen, the company purchased at the end of
the previous year, are the so-called dry backing pumps. These ideally
complemented the Pfeiffer Vacuum product portfolio. As a result of
the acquisition as well as a very strong business development, sales
for the backing pumps increased to EUR 148.3 million in the first
nine months of 2011 (previous year: EUR 20.9 million). The turbopump
business dominated by Pfeiffer Vacuum grew by 69.7 percent to EUR
111.0 million (previous year: EUR 65.4 million). Sales from
components and instruments significantly increased by 71.1 percent to
EUR 85.1 million (previous year: EUR 49.7 million). The service
revenue increase measured 227.5 percent to EUR 55.6 million (previous
year: EUR 17.0 million). With EUR 5.5 million revenues for systems
remained the same as in the previous year.

The Pfeiffer Vacuum products are used in a wide variety of industry
sectors. In the Semiconductor market, sales increased to EUR 140.7
million in the first nine months (previous year: EUR 17.1 million).
Sales in the industry market segment also rose by 111.2 percent to
EUR 86.7 million due to good organic growth (previous year: EUR 41.1
million); in the Coating market segment, sales more than tripled to
EUR 75.9 million (previous year: EUR 23.8 million). In analytics,
sales increased by 36.5 percent to EUR 62.2 million (previous year:
EUR 45.6 million). In the market for research and development, the
increase measured 29.0 percent of EUR 39.9 million (previous year:
EUR 30.9 million).

The order intake in the first nine months of 2011 was EUR 402.9
million (previous year: EUR 165.3 million). This increase of 143.7
percent is strongly influenced by taking the adixen order intakes
into account. However, the new orders from the previous Pfeiffer
Vacuum Group also developed very well with an increase of
approximately 10 percent. The book to bill ratio, the ratio of order
intake to sales revenue, was at 0.99 on September 30, 2011 (previous
year: 1.04). The order backlog as at the end of the period rose by
82.3 percent to EUR 88.6 million (previous year: EUR 48.6 million).

Pfeiffer Vacuum's profitability is also worth looking. Gross profit
in the first nine months of 2011 totaled EUR 138.0 million,
representing an increase of 87.0 percent (previous year: EUR 73.8
million). This development led to an increase in operating profit by
68.8 percent to EUR 62.6 million (previous year: EUR 37.1 million).
This results in an EBIT margin of 15.4 percent (previous year: 23.4
percent). Net income was EUR 41.7 million (previous year: EUR 29.0
million). Earnings per share came out at EUR 4.22 in the first nine
months of 2011 (previous year: EUR 3.39). When calculating Earnings
per share, an increase in the average number of shares outstanding
must be taken into account. This value increased in comparison to the
previous year due to the capital increase by 10 percent and the sale
of treasury shares (5.1 percent of previous share capital) in
November 2010.

Manfred Bender, CEO of Pfeiffer Vacuum, is very comfortable with the
results of the first nine months of 2011: "The operating profit after
nine months is at EUR 62.6 million. Compared with the previous year,
this represents an increase of almost 70 percent. This means that the
new company units are already making a significantly positive
earnings contribution during the integration phase." Bender
continues: "Currently, we are seeing a slow-down of demand in the
areas Semiconductor and Photovoltaic, while the other markets remain
stable. We expect that this trend will continue until about the
middle of next year. Nevertheless, in the current year 2011 we should
achieve sales of about EUR 520 million with an operating profit
margin of around 15 percent. This sales expectation is clearly above
the estimation of EUR 500 million we made at the beginning of the
year in our annual report regarding fiscal year 2011. In the medium
term we see excellent chances to grow in all markets especially with
new, joint products of the brands adixen, Trinos, and Pfeiffer
Vacuum."

For full press release including financial tables, see at
www.pfeiffer-vacuum.com

About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange Symbol PFV,
ISIN DE0006916604) is one of the world´s leading providers of vacuum
solutions. In addition to a full range of hybrid and magnetically
levitated turbopumps, the product portfolio comprises backing pumps,
measurement and analysis devices, components as well as vacuum
chambers and systems. Ever since the invention of the turbopump by
Pfeiffer Vacuum, the company has stood for innovative solutions and
high-tech products that are used in the markets Analytic, Industry,
Research & Development, Coating, Semiconductor and Chemistry. Founded
in 1890, Pfeiffer Vacuum is active throughout the world today. The
company employs a workforce of some 2,300 people and has more than 20
subsidiaries. For more information, please visit
www.pfeiffer-vacuum.com

Further inquiry note:
Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-346
E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de

end of announcement euro adhoc
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company: Pfeiffer Vacuum Technology AG
Berliner Str. 43
D-35614 Aßlar
phone: +49 (6441) 802-0
FAX: +49 (6441) 802-202
mail: info@pfeiffer-vacuum.de
WWW: http://www.pfeiffer-vacuum.de
sector: Machine Manufacturing
ISIN: DE0006916604
indexes: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English