Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

PVA TePla falls after 'mixed' set of Q3 results

By Reuters News

** Shares in PVA TePla AG TPEG.DE fall nearly 7% after the German semiconductor equipment maker reported its nine-month results

** Revenue rose 12% year-on-year to €62.7 million in the quarter, and was up 4% at €181.8 million for the January-September period

** EBITDA improved quarter-on-quarter but declined on a nine-month basis to €10.4 million from €18.7 million in the prior year

** January-September EBITDA margin deteriorated to 5.7% from 10.7% a year ago

** A local trader says the results reflected project delays, weak semiconductor investment and low capacity utilisation

** "All-in-all mixed with strong orders as a bright spot," the trader says

** The company expects full-year revenue of €255-275 million, broadly in line with analysts' estimates of €267.4 million

** Full-year EBITDA guidance confirmed at €26-31 million implies a significantly stronger fourth quarter, the trader also says

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.