15.11.2016
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG Publishes Report on the First Nine Months of 2016
DGAP-News: Manz AG / Key word(s): 9-month figures
Manz AG Publishes Report on the First Nine Months of 2016
15.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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Manz AG Publishes Report on the First Nine Months of 2016
- Revenue of 167.3 million euros roughly at previous year's level
- Negative EBITDA, but improved by about 5 million euros compared to
prior year
- Good order backlog of 93.9 million euros as of September 30, 2016.
- Framework Agreement on strategic cooperation in CIGS, including CIGS
orders, sets the conditions for continuous growth
Reutlingen, November 15, 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 nine months of
2016 today. It shows that business performance in the third quarter was
significantly affected by a lack of follow-up orders related to a stop in
orders from a large customer in the Energy Storage business segment.
Contrary to original planning, the lost revenue could not be compensated by
revenues from the sale of turnkey production lines for CIGS thin film solar
modules, because the final signing of the contract for planned CIGS orders
was postponed and is not expected to take place before year's end. With the
framework agreement aiming on a strategic cooperation in the CIGS sector in
early November, however, Manz considers itself to have reached a corporate
milestone that will have a fundamentally positive effect on business growth
in the coming year.
Dieter Manz, founder and CEO of Manz AG, remarked, "The first nine months
of 2016 were not as we had planned early in the year. However, orders from
the pending CIGS cooperation are expected to be in the hundreds of millions
and represent by far the largest order placement in the history of our
company. At the same time, our future collaboration partners will
immediately assume the expense of operating our CIGS research site,
relieving us of costs in the low tens of millions per year. This
combination, significant revenue contributions and considerable cost
reduction in the Solar sector, along with an order backlog of about 94
million euros as of September 30, are the basis for a stable, results-
oriented business model in the future."
Due to the lack of follow-up orders in the third quarter of 2016, and the
postponed contract signing for CIGS orders, at 167.3 million euros, Manz AG
generated revenue comparable to that of the previous year (168.9 million
euros). At 72.0 million euros, the Electronics segment realized 43.0% of
total revenues in the reporting period (previous year: 65.3 million euros
or 38.7%). After nine months, the Solar segment had generated around 21.4
million euros or 12.8% of Manz AG's total revenues (previous year: 17.2
million euros or 10.2%). At 41.9 million euros, the Energy Storage segment
accounted for a 25.0% share of the revenues during the reporting period
(previous year 55.6 million euros or 32.8%). The Contract Manufacturing
reporting segment was responsible for revenue contributions of 22.7 million
euros or 13.6% (previous year: 22.8 million euros or 13.5%). Revenues in
the Others reporting segment totaled 9.3 million euros, following 8.1
million euros in the prior-year period; this corresponds to a revenue share
of 5.6%, following 4.8% in the first three quarters of 2015.
Through continuous optimization of structures and processes within the
Group, Manz improved its cost basis and correspondingly stabilized results.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
improved to -15.2 million euros in the reporting period (previous year:
-20.6 million euros). Earnings before interest and taxes (EBIT) amounted to
-25.7 million euros (previous year: -30.1 million euros). Consolidated net
results came to -30.9 million euros (previous year: -33.8 million euros),
corresponding to per-share results of -4.70 euros (previous year: -6.48
euros).
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 coatings, 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 motto "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
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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15.11.2016 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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