EQS-News

Successful start to the new financial year - Carl Markus Groß to become Chief Financial Officer from 2025

EQS-News: PVA TePla AG / Key word(s): Quarterly / Interim Statement Successful start to the new financial year - Carl Markus Groß to become Chief Financial Officer from 2025 15.05.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. PVA TePla has started the new financial year with an increase in earnings and sales – Carl Markus Groß to become CFO in 2025

• Q1 2024 sales climbed to EUR 61.4 million
• EBITDA margin up to 14.2% (previous year: 12.3%)
• Metrology business unit records substantial growth
• Technology hub provides comprehensive R&D approach
• Guidance confirmed
• Supervisory Board appoints Carl Markus Groß as Chief Financial Officer

Wettenberg, May 15, 2024. PVA TePla has started the new year with a significant improvement in earnings and a solid increase in sales: The technology provider for high-tech systems and processes increased its operating result before depreciation and amortization (EBITDA) to EUR 8.7 million in the first quarter of 2024, compared with EUR 7.2 million in the same period of the previous year. As a result, the margin increased by 1.9 percentage points to 14.2%. Thus, PVA TePla has laid the foundation for the targeted improvement in profitability in 2024. In terms of sales, the Group recorded a 5% year-on-year growth to EUR 61.4 million for the first three months of the year. With effect from January 1, 2025, the Supervisory Board has appointed Carl Markus Groß as CFO of PVA TePla.

"Our new fiscal year is progressing positively and according to plan. In particular, we have seen improved earnings, significant gains in our metrology business as well as expanding demand for our products in the areas of decarbonization and mobility," Jalin Ketter, CEO of PVA TePla AG, explained. "In terms of organization, I am looking forward to working with Carl Markus Groß, who will provide valuable support with his digitalization expertise for the implementation of our 2028 growth strategy."