07.03.2017
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG: Release of Preliminary Figures for the 2016 Fiscal Year
DGAP-News: Manz AG / Key word(s): Preliminary Results
Manz AG: Release of Preliminary Figures for the 2016 Fiscal Year
07.03.2017 / 07:31
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Manz AG: Release of Preliminary Figures for the 2016 Fiscal Year
- Preliminary figures are within forecasts
- Revenue about 4% higher than previous year, at EUR 231 million
- EBITDA and EBIT significantly improved compared to previous year
- Major order in Solar business segment and optimized cost basis as base
for profitable corporate development in 2017
Reutlingen, March 7, 2017 - Manz AG, a globally active high-tech equipment
manufacturer with an extensive technology portfolio covering the three
strategic business segments of "Solar," "Electronics" and "Energy Storage,"
is publishing its preliminary economic figures for the 2016 fiscal year
today. According to the figures, the company was able to increase its
revenues in a difficult 2016 fiscal year by 4.0%, from EUR 222.0 million in
the previous year to EUR 231.0 million. In June 2016, Manz AG received the
short-notice cancellation of a major order in the Energy Storage business
segment, and as a result the associated planned follow-up orders failed to
materialize. In addition, the major order for fully integrated production
lines for CIGS thin film solar modules received in January of 2017, with a
total volume of EUR 263 million, ultimately arrived considerably later than
initially planned together with Shanghai Electric. Both occurrences had
corresponding effects on the company's revenue performance. In its
operating business, Manz AG achieved significantly improved earnings before
interest, taxes, depreciation and amortization (EBITDA) of EUR -22.5
million (previous year: EUR -41.9 million); earnings before interest and
taxes (EBIT) also significantly improved to EUR -36.7 million (previous
year: EUR -58.2 million). Revenues and profit for 2016 are thus within the
latest forecast, with revenue at the level of the previous year and a
significantly improved EBIT.
The significant improvement of EBITDA and EBIT is substantially the result
of Manz AG's multi-layered measures to optimize processes and structures
within the entire group. This is reflected, inter alia, in reduced material
and personnel expenses and an overall improved cost basis. The company will
continue to follow this path also in the 2017 fiscal year and will
consistently pursue the initiated projects as part of a continuous
optimization process.
Dieter Manz, CEO and founder of Manz AG, expects a profitable business
performance for 2017: "A strong strategic partnership in the solar segment,
a full order book, proven successes in optimizing our cost basis and a
continuous improvement of our processes - in consideration of these
framework conditions, we expect to be profitable again in 2017."
Manz AG will publish the final figures for the 2016 fiscal year and a
detailed forecast for the current fiscal year, together with the complete
2016 annual report, on March 30, 2017.
Company profile:
Manz AG - passion for efficiency
As a globally active high-tech equipment manufacturer, Manz AG, based in
Reutlingen, Germany, is a pioneer for innovative products in fast-growing
markets. Founded in 1987, the company has expertise in seven technology
sectors: Automation, laser processing, vacuum coating, screen printing,
metrology, wet chemical and roll-to-roll processing. Manz deploys and
continuously develops these technologies in three strategic business
segments: Electronics, Solar and Energy Storage.
The company is led by founder Dieter Manz and has been listed on the stock
exchange in Germany since 2006. It currently develops and produces in
Germany, China, Taiwan, Slovakia, Hungary and Italy. It also has sales and
service branches in the United States and India. Manz's claim "passion for
efficiency" offers the promise of production systems of the highest
efficiency and innovation to its customers in dynamic, future-oriented
segments. With its comprehensive expertise in developing new production
technologies and related machines, the company contributes substantially to
reducing production costs for end products, making them accessible to large
groups of buyers the world over.
Investor Relations Contact
cometis AG
Claudius Krause
Tel.: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-mail: [email protected]
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-mail: [email protected]
---------------------------------------------------------------------------
07.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Manz AG
Steigäckerstr. 5
72768 Reutlingen
Germany
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: [email protected]
Internet: http://www.manz.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
550933 07.03.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Manz AG ISIN: DE000A0JQ5U3 können Sie bei EQS abrufen
Spezialmaschinenbau , A0JQ5U , M5Z , XETR:M5Z