The Annual Shareholders Meeting of Pfeiffer Vacuum AG was held in the Stadthalle in Wetzlar today with an outstanding 47.02 percent of share capital present and some 400 shareholders in attendance. Supervisory Board Chairman Dr. Michael Oltmanns chaired a harmonious Annual Shareholders Meeting. The shareholders voted with a large majority to adopt all items on the agenda.
Chief Executive Officer Manfred Bender presented a successful development of business in fiscal 2011 marked largely by the integration of adixen. Pfeiffer Vacuum acquired their former competitor in December 2010. The merging of the sales and marketing and the product portfolio was concluded within the first year. The new product combinations which resulted allow complete vacuum solutions to be supplied. Pfeiffer Vacuum and adixen are the technology leaders in all essential product groups. There are many modern industrial products that cannot be made without a vacuum. This is particularly true where ongoing further developments within information technology and the safeguarding of global energy supplies are concerned.
“In the current year we are continuing with the fine tuning work in the adixen integration process. We intend to work on our profitability and achieve an operating margin of around 15 percent,” explained Manfred Bender. “Global economic conditions are still not on a solid footing. We are still receiving very mixed signals from the semiconductor market and see no signs of recovery in the solar industry. We are therefore expecting sales revenues in 2012 as a whole to be in the range of between € 470 and € 500 million.”
