11.08.2016
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG publishes report on the first six months of 2016
DGAP-News: Manz AG / Key word(s): Half Year Results
Manz AG publishes report on the first six months of 2016
11.08.2016 / 07:34
The issuer is solely responsible for the content of this announcement.
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Manz AG publishes report on the first six months of 2016
- At EUR 124.0 million, revenues in the first six months of 2016 slightly
above the previous year
- Negative EBITDA, but better than in the prior year by EUR 2.2 million
- Forecast for the full 2016 year affirmed
Reutlingen, August 11, 2016 - Manz AG, a globally active high-tech
equipment manufacturer with an extensive technology portfolio covering the
three strategic business segments of "Electronics", "Solar" and "Energy
Storage," is publishing its financial report for the first six months of
2016 today. Following the good start to the year in the first three months
of 2016, in the second quarter the company was confronted with the
preliminary order stop by a major customer on short notice. At the same
time, however, with the successfully completed capital increase and the
investment by Shanghai Electric in Manz AG, an important strategic
milestone was achieved, and a sound foundation was created for the company
to develop positively in the future again.
Dieter Manz, CEO and founder of Manz AG, commented: "We have had a good
start into the year and initially were also able to continue this
development in the second quarter. Our operating business showed a slight
upturn which could be felt in revenues of around EUR 124 million. With our
restructuring measures, we have successfully implemented the first steps
for lowering our cost basis. But unfortunately the preliminary order stop
of a major customer in the Energy Storage business segment caught us off
guard, and therefore we are missing revenue in the middle single-digit
millions range. This resulted in a negative EBITDA in the first six months
of EUR -4.5 million."
The Managing Board continues to be confident on the development in the
second half-year. This is based essentially on the strategic cooperation
with Shanghai Electric. The detailed planning for the future cooperation is
on schedule. Manz AG expects, that it will be able to report specifically
on the next steps during the course of the third quarter. Overall, the
Managing Board therefore expects a significant increase in revenues with
significantly improved earnings before interest and taxes (EBIT) for the
full year. However, above all there are planning uncertainties due to the
ongoing customer discussions in connection with the order stop in the
Energy Storage business segment.
At EUR 49.8 million, the Electronics segment realized 40.2% of total
revenues in the reporting period (previous year: EUR 42.3 million or
34.7%). After six months the Solar segment had generated around EUR 17.5
million or 14.1% of Manz AG's total revenues (previous year: EUR 10.6
million or 8.6%). The Energy Storage segment accounted for a EUR 34.9
million share of revenues or 28.1% in the reporting period (previous year:
EUR 49.7 million or 41.0%) with equipment for the production of lithium-ion
batteries and capacitors. The Contract Manufacturing reporting segment was
responsible for revenue contributions of EUR 15.0 million or 12.1%
(previous year: EUR 14.2 million or 11.6%). Revenues in the reporting
segment Others totaled EUR 6.9 million, following EUR 5.2 million in the
prior-year period; this corresponds to a revenue share of 5.5%, following
4.1% in the first two quarters of 2015.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
amounted to EUR -4.5 million in the reporting period (previous year: EUR
-6.7 million). Earnings before interest and taxes (EBIT) amounted to EUR
-11.7 million (previous year: EUR -12.9 million). Consolidated net loss
came to EUR -17.0 million (previous year: EUR -15.0 million), corresponding
to earnings per share of EUR -2.84 (previous year: EUR -2.94).
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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11.08.2016 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, Tradegate Exchange
End of News DGAP News Service
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