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Pfeiffer Vacuum Technology AG (0FQR)

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Thursday 20 May, 2010

Pfeiffer Vacuum Technology AG

Pfeiffer Vacuum conducts harmonious Annual Shar...




Pfeiffer Vacuum Technology AG / Pfeiffer Vacuum conducts harmonious Annual Shareholders Meeting in Wetzlar processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 


  * All administration proposals adopted by clear majorities
  * Another high dividend distribution
  * Guidance for fiscal 2010 and equity investment announced


Asslar, Germany, May 20, 2010. The Annual Shareholders Meeting of Pfeiffer
Vacuum AG was held today at the Stadthalle in Wetzlar with an outstanding
presence level of 58.58 percent and some 400 shareholders in attendance.
Supervisory Board Chairman Dr. Michael Oltmanns chaired an harmonious Annual
Shareholders Meeting. Chief Executive Officer Manfred Bender's presentation on
the past fiscal year was followed by an animated discussion, which was
characterized by fairness and a lively interest in the well-being of the
company, its people and its shareholders.

By a sweeping majority, the shareholders voted for the distribution of retained
earnings proposed by the Management and Supervisory Boards, calling for a
dividend of € 2.45 per share. This means that, as in the preceding years, some
75 percent of net income as presented in the Annual Financial Statements will be
distributed on May 21, 2010.

The actions of the Management and Supervisory Boards were ratified by over 99
percent of the votes cast. The resolution of a further share buyback program,
the authorization to create conditional capital and the reelection of
Wirtschaftsprue­fungs­gesell­schaft Ernst & Young as the company's independent
auditor also passed by clear majorities. Dr. Wolfgang Lust was elected as a new
member of the Supervisory Board to replace Michael Anderson who retires at his
own request.

Traditionally, Pfeiffer Vacuum announces at its Annual Shareholders Meeting the
company's guidance for the business development in full fiscal year: The
Management Board anticipates that sales revenues in fiscal 2010 will parallel
their 2008 level and that the EBIT margin will reach over 22.0 percent.

The Pfeiffer Vacuum additionally announced plans of an equity investment in a
company which is specialized in the service and maintenance of vacuum pumps. In
addition, the company develops and sells equipment for micro- and nanotechnology
and medical particle therapy. Currently, the company conducts research regarding
a new product which enables promising applications in surface treatment and
medical engineering. The vacuum portion in this product will be around 50
percent. With this equity investment, Pfeiffer Vacuum intends to intensify its
service division as well as broaden its expertise in the field of vacuum
applications for the medical sector.

Chief Executive Officer Manfred Bender noted: "Pfeiffer Vacuum got off to a
brilliant start this fiscal year. The level of new orders for the first quarter
was up 28.6 percent year on year. In fact, this means that we have nearly
reached the 2008 level again. The integration of Trinos, too, is moving along
swiftly." Bender announced the following guidance: "All in all, we assume that
we will be able to match our 2008 sales revenues in fiscal 2010. With respect to
our EBIT margin, we will still have to wait and see the extent to which the
positive effects stemming from the reorganization of our manufacturing
operations and the moderately negative effects from the Trinos consolidation
will offset one another. However our minimum objective is to keep the EBIT
margin for the first quarter of 2010 at a stable level. This would represent an
improvement of at least 2 percentage points over the year before."

Manfred Bender's presentation plus detailed information relating to the results
of the voting are soon available at
www.pfeiffer-vacuum.de/shareholders_meeting.



Contact:
Pfeiffer Vacuum Technology AG
Investor Relations

Dr. Brigitte Loos
Tel. +49 (0) 6441 802 346
Fax +49 (0) 6441 802 365
[email protected] <mailto:[email protected]>
About Pfeiffer Vacuum
Pfeiffer Vacuum (Stock Exchange Symbol PFV, ISIN DE0006916604) is one of the
world's leading manufacturers of components and systems for vacuum generation,
measurement and analysis. Ever since the invention of the turbomolecular pump by
Pfeiffer Vacuum, the company has stood for innovative solutions and
high-technology products that are used in the analytical segment, in research
and development, environmental technology, chemistry, semiconductor production
and coating technology, as well as in the automotive industry and any number of
further sectors. Founded in 1890, Pfeiffer Vacuum is today together with Trinos
Vakuum-Systeme active throughout the world with a workforce of some 870 people
as well as 13 subsidiaries and over 20 agencies. Further information is
available atwww.pfeiffer-vacuum.net <

http://www.pfeiffer-vacuum.net/>


[HUG#1417772]



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Pfeiffer Vacuum Technology AG
Berliner Strasse 43 Asslar Germany

WKN: 691660;ISIN: DE0006916604;Index:TecDAX,Prime All Share,CDAX,TECH All Share,HDAX,MIDCAP;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
Freiverkehr in Bayerische Börse München,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;




  



                   

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