10.12.2015
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG: Managing Board Decides on Capacity Adjustments to the German and International Sites
DGAP-News: Manz AG / Key word(s): Restructure of Company
Manz AG: Managing Board Decides on Capacity Adjustments to the German and
International Sites
10.12.2015 / 07:40
The issuer is solely responsible for the content of this announcement.
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Manz AG: Managing Board Decides on Capacity Adjustments to the German and
International Sites
- Personnel reduction of 174 employees
- Cost savings of approximately 7 million euros
- Further optimization of processes, structures and capacities inside the
Group to improve profitability
- Examination of the strategic options for the Solar segment has not yet
been completed
Reutlingen, December 10, 2015 - As a result of the current development of
business, the Managing Board and Supervisory Board of Manz AG have agreed
upon an adjustment to the capacities at the German and international sites.
This step was necessary due to the significant impacts of order
postponements and cancellations on revenues and earnings for the high-tech
equipment manufacturer in the current fiscal year 2015. The personnel
reduction is a part of the restructuring program initiated at the end of
October, which is being implemented in the company over the upcoming fiscal
year in order to return to operational profitability. In addition, the cost
structure should be improved through further optimization of the processes,
structures and capacities within the Group.
The subsidiaries in Taiwan and China should become more profitable through
such measures as a clearer focusing of their tasks and a reduction of
personnel costs. This will involve more consistent outsourcing of
production from Taiwan and Germany to the Chinese site in order to
effectively improve its utilization, increase cost advantages and take
advantage of opportunities for direct access to customers. Today, the
majority of the customer base has already established its production
capacities there and, in the view of the management of Manz AG, will
continue to expand them in the coming years. In this way, the company is
also pursuing the goal of diversifying its own customer portfolio using
intensive sales actions, while simultaneously reducing its dependence on
individual large customers. In addition, an expansion of the product
portfolio with innovative and higher-margin high-end products for the
strategic target industries should contribute to the optimization of Manz
AG's profitability.
These actions come with significant streamlining of the organization. Manz
will reduce the total workforce by 174 employees, thereof 101 employees at
the international sites and 73 employees at the German sites. With regard
to profits, the Managing Board expects a positive effect of approximately 7
million euros beginning in fiscal year 2016 from the process, structure and
capacity measures. Additional potentials in the lower two-digit million
range from optimized sales and purchasing processing are being examined by
the Managing Board.
Strategic focus on the growth markets Energy Storage and Electronics -
Examination of the strategic options for the Solar segment has not yet been
completed
With its comprehensive technology portfolio, Manz AG is the only non-Asian
company that is very well positioned in the energy storage growth market.
The Managing Board is therefore convinced that it is possible to benefit
from the anticipated rapid growth rates in the field of storage
technologies. The second strategic pillar remains the Electronics business
segment, in which the company offers production solutions for the
manufacture of smartphones and tablets, flat panel displays, touch sensors
and printed circuit boards. The continuing global trend towards mobile
communication offers Manz appealing prospects for attaining additional
growth. In both future markets, Manz already maintains long-standing client
relationships with all the relevant market participants.
The examination of the strategic options for the Solar segment has not yet
been completed. The realization of the chances that have occurred in the
course of this process would have significant effects on the design and
implementation of the planned restructuring, and also in particular on a
potential continuation of the Solar segment. The Managing Board and
Supervisory Board of Manz AG have thus decided in close cooperation with
financing banks to decide on the entire package of measures only after
concluding the discussions on the examination. This is expected at the
beginning of the next year.
The strategic orientation will be strengthened by the two business segments
New Business and Contract Manufacturing. The New Business segment plays an
important role in opening new potential target markets and industries for
further diversification of the business of Manz AG. The Contract
Manufacturing segment will also support flexible and high capacity
utilization inside the Group in the future.
Company profile:
Manz AG - passion for efficiency
As one of the world's leading high-tech equipment manufacturers, 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, vacuum coating, laser processing, 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 substantially contributes 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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10.12.2015 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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
Indices: TECDAX
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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