By Christian Moess Laursen
Shares in Pfeiffer Vacuum Technology AG rose Tuesday after the company raised its sales guidance for the year thanks to more stable supply chains and good delivery performance.
At 1126 GMT, shares were trading 2.6% higher at EUR174.
The German vacuum-pump maker said late Monday that it expects consolidated sales for the year to be around 900 million euros ($955 million), up from a previously forecasted range of EUR860 million to EUR880 million. Last year, the company made sales of EUR771.4 million.
Stabilization in supply chains has helped boost sales, as has strong delivery by the group, it said.
Pfeiffer said it still expects its margin of earnings before interest and taxes to stand at around 14% for the year, rising from 12.1% last year, it said.
Write to Christian Moess Laursen at christian.moess@wsj.com
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