12.05.2016
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG publishes report on the first quarter of 2016
DGAP-News: Manz AG / Key word(s): Quarter Results
Manz AG publishes report on the first quarter of 2016
12.05.2016 / 07:35
The issuer is solely responsible for the content of this announcement.
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Manz AG publishes report on the first quarter of 2016
- Revenue in first quarter of 2016 up by 19.5% to EUR 64.5 million
compared to the same period last year
- Restructuring measures showing first signs of success: slightly
positive EBITDA with significantly improved EBIT
- Planned investment by Shanghai Electric with agreed capital increase
successfully initiated at the end of April
Reutlingen, May 12, 2016 - Manz AG, a globally operating high-tech
equipment manufacturer with an extensive technology portfolio in the three
strategic business segments of "Electronics", "Solar" and "Energy Storage"
published its financial report for the first quarter of 2016 today.
According to the report, Manz AG had a good start into the current fiscal
year and was able to acquire attractive new and follow-up orders in the
Energy Storage and Electronics business segments within the first three
months of 2016. In addition to manufacturers of smartphones and tablets, as
well as in the area of e-mobility, the continued trend towards automated
production in China also provided corresponding impulses. In total, Manz
AG's order volume amounted to EUR 96.3 million by March 31, 2016 (March 31,
2015: EUR 91.7 million).
As a result of the improved operational development, revenues in the first
quarter of 2016 increased by 19.5% compared to the same period of the
previous year, to EUR 64.5 million (previous year: EUR 54.0 million).
Dieter Manz, CEO and founder of Manz AG, comments: "Our very dynamic
Energy Storage segment was once again the revenue driver in the first
quarter. The restructuring measures also showed their first effects in the
results. These developments prove that we are on the right path. To become
sustainably profitable, however, we still have several tasks ahead of us.
We are working hard to master them in the upcoming quarters."
At EUR 17.5 million, the Electronics segment accounted for about 27.2% of
total revenues during the reporting period (previous year: EUR 19.3
million, 35.8%). The Solar business segment contributed about EUR 8.1
million, or 12.6% of Manz AG's total revenues, in the first quarter of 2016
(previous year: EUR 6.9 million, 12.9%). The largest share of revenues
during the reporting period, at EUR 27.9 million, or 43.1% (previous year:
EUR 16.5 million, or 30.6%) was achieved by the Energy Storage business
segment, with lithium-ion batteries and capacitors production equipment.
The Contract Manufacturing reporting segment was responsible for revenues
in the amount of EUR 7.5 million, or 11.6% (previous year: EUR 8.7 million,
16.2 %). Revenues in the Others reporting segment totaled EUR 3.5 million,
following EUR 2.5 million in the previous year's period; this corresponds
to a revenues share of 5.5%, following 4.5% in the first quarter of 2015.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
amounted to EUR 0.9 million in the reporting period (previous year: EUR
-6.4 million) and is within the scope of Manz AG's overall annual planning.
Earnings before interest and taxes (EBIT) also improved significantly over
the previous year, to EUR -2.5 million (previous year: EUR -9.4 million).
The consolidated net profit amounted to EUR -3.2 million (previous year:
EUR -10.2 million), which corresponds to an earning of -0.58 EUR per share
(previous year: -2.08 EUR).
With regard to the restructuring program that has been initiated, Manz AG
prepared a detailed plan of measures for the entire Manz Group during the
last few months. Among other things, it is intended to increase the
transparency and quality of the planning processes of the subsidiaries and
business segments of Manz AG through the continued harmonization of global
processes and standards. The expansion of project and investment
controlling will also ensure consistent and comprehensive cost controlling
within the entire Manz Group. Other measures to further strengthen the
business flexibility relate to the optimization of sales and the expansion
of Manz AG's international production and supplier network. In line with an
integrated R&D strategy, future competitiveness will be further increased
by targeted product developments.
In order to enable the Shanghai Electric Group to invest in Manz AG as
planned, the Managing Board and the Supervisory Board decided upon a
capital increase of about 43% of the capital stock at the end of April,
2016, as announced. Dieter Manz: "In addition to an optimization of the
cost basis, the planned investment and collaboration with the Chinese
Shanghai Electric Group will form a solid foundation for the positive
business development of Manz AG. We are confident that the measures we have
initiated, the successful completion of the capital increase and the
beginning of our cooperation with Shanghai Electric will enable us, as a
German high-tech equipment manufacturer, to look to our future with renewed
vigor."
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
industries. 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
Ulrich Wiehle / 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]
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12.05.2016 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.
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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
End of News DGAP News Service
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