PVA TePla AG Announces Strong Q1 2024 Results and New CFO Appointment

PVA TePla AG reported a successful start to its financial year 2024 with a notable increase in both earnings and sales, alongside the announcement of Carl Markus Groß as the new Chief Financial Officer starting January 1, 2025. The first quarter saw sales reaching EUR 61.4 million, marking a 5% increase year-on-year. Additionally, the EBITDA rose to EUR 8.7 million from EUR 7.2 million in the same period last year, improving the margin to 14.2%.

The Metrology business unit of the company saw substantial growth, contributing to the overall positive performance. The company also confirmed its financial guidance for 2024, projecting sales between EUR 270 million and EUR 290 million, with EBITDA expected to be between EUR 47 million and EUR 51 million.

Carl Markus Groß, appointed as the future CFO, comes from a strong background in finance and digitalization, promising to drive forward PVA TePla's growth strategy with his expertise. This strategic appointment is part of the company's long-term plan, targeting a doubling of sales by 2028.