PVA TePla exceeds its sales and results targets in 2023 and plans to double its turnover by 2028

Technology specialist PVA TePla AG announces that it has exceeded its sales and profit forecasts for fiscal year 2023. Consolidated sales increased by 28% to more than 263 million euros, while EBITDA climbed by 38% to more than 41 million euros, with a margin of 15.8%. These results exceed initial forecasts, which expected sales between 240 and 260 million euros and an EBITDA of 36 to 40 million euros.

Growth is expected to continue, with PVA TePla forecasting a moderate increase in sales between 270 and 290 million euros in 2024, and an EBITDA between 47 and 51 million euros. Within five years, the company aims to almost double its sales volume to reach around 500 million euros.

Despite a 14% decrease in order backlog and a 6% decrease in incoming orders compared to the previous year, the company remains confident thanks to dynamic demand. PVA TePla is banking on its strategic reorientation and organizational modernization to maintain sustainable and profitable growth, targeting markets driven by the megatrends of decarbonization and mobility.

The company plans to complement its technology portfolio through acquisitions, and continue to innovate in key sectors such as mobility, semiconductors and energy.