WETTENBERG (dpa-AFX) - Sustained high demand for semiconductors has brought the PVA Tepla technology group healthy growth in the first half of the year. Compared to the same period last year, sales climbed 58 percent to around 127 million euros, the company announced Thursday. Earnings before interest, taxes, depreciation and amortization (Ebitda) rose 83 percent to 17.4 million euros. The bottom line was a profit of 9.4 million euros, compared to 4.0 million euros in the previous year.

According to the company's statement, orders on hand and orders received were roughly at the same level as in the same period of the previous year. Against the background of consistently high demand, the company confirmed its forecast for the fiscal year. It referred to the steadily increasing demand for semiconductors and power electronics in electromobility, for renewable energies and components for the associated grid expansion, as well as the progress of digitalization./jcf/mis