ASSLAR (dpa-AFX) - German vacuum pumps maker Pfeiffer Vacuum Technology AG (PFFVF, PVTCY) reported that its first-quarter earnings before taxes increased to 16.4 million euros from 10.02 million euros a year ago. EBIT margin was 15.4 percent, up from 14.4 percent in the previous year.
Net income to shareholders for the quarter grew to 11.4 million euros or 1.16 euros per share from 6.9 million euros or 0.70 euros per share in the prior-year quarter.
Net sales for the quarter increased 8.5 percent to 106.9 million euros from 98.55 million euros in the same quarter last year.
'The year 2015 has commenced significantly better than the prior year. Besides the increase in sales and earnings, we are especially content about the ongoing strong demand from the analytics and semiconductor market segments,' CEO Manfred Bender said.
Copyright RTT News/dpa-AFX