PVA TePla stock: Record orders point to stronger 2027 growth

PVA TePla reported a record order intake for the first nine months of 2026 in a company release published on Thursday, November 5. Orders rose 55 percent year over year to EUR 273.4 million, while management confirmed its full-year forecast and pointed to faster growth in 2027.

The order book strengthened in both divisions. Metrology order intake increased 76 percent to EUR 148.4 million, while Material Solutions rose 36 percent to EUR 125.0 million. Metrology accounted for 54 percent of group orders during the period, supporting the company’s focus on semiconductor inspection and other high-precision applications.

Orders strengthen the growth case

Revenue for the first nine months increased 4 percent to EUR 181.8 million from EUR 175.4 million a year earlier. Third-quarter revenue grew 12 percent to EUR 62.7 million, with Metrology contributing EUR 35.6 million, up from EUR 24.4 million. Material Solutions revenue fell to EUR 27.1 million from EUR 31.4 million as lower utilization continued to weigh on the division.

The company’s release published through Deutsche Boerse shows the contrast between strong demand and weaker nine-month profitability. Gross profit declined to EUR 52.9 million from EUR 56.3 million, and the gross margin fell to 29.1 percent from 32.1 percent. EBITDA reached EUR 10.4 million, compared with EUR 18.7 million in the prior-year period.

Quarterly performance was more encouraging. Third-quarter EBITDA improved to EUR 6.0 million from EUR 3.0 million in the second quarter, while the EBITDA margin reached 9.6 percent. The company attributed the weaker nine-month result to low capacity utilization in Material Solutions, an unfavorable product mix, strategic development costs and first-half one-off effects of approximately EUR 5 million.

Guidance remains unchanged

PVA TePla expects operating earnings to improve further in the fourth quarter as revenue rises, the product mix becomes more favorable and fixed costs are spread across higher volumes. The company continues to forecast 2026 revenue of EUR 255 million to EUR 275 million and EBITDA toward the lower end of its EUR 26 million to EUR 31 million range.

Management also expects a noticeable acceleration in revenue growth and profitability from 2027. For investors, the record order intake strengthens the longer-term demand argument, while the margin decline shows that execution and utilization in Material Solutions remain important variables for earnings conversion.

PVA TePla stock traded at EUR 26.76 on Lang & Schwarz at 11:11:56 CET on Wednesday, November 11, 2026, 2.61 percent above the Xetra close of Tuesday, November 10, at EUR 26.08.

For the broader German market, the DAX provides the relevant benchmark context for investors.

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