29.03.2018
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG expects significantly higher revenue and profits for 2018
DGAP-News: Manz AG / Key word(s): Final Results
Manz AG expects significantly higher revenue and profits for 2018
29.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Manz AG expects significantly higher revenue and profits for 2018
- Preliminary figures for financial year 2017 confirmed: record revenue and
positive EBIT including one-off effect in the Solar segment
- Measures for increasing competitiveness and profitability showing first
signs of success
- 2018: revenue increase of 10-14 % and slightly positive operating EBIT
expected
Reutlingen, Germany, March 29, 2018 - Manz AG, a globally active high-tech
equipment manufacturer, has released its full Annual Report for financial
year 2017. The company confirms its positive overall development in 2017,
considerably increasing both revenue as well as earnings before interest and
taxes (EBIT) compared to the previous year. Revenue rose by 40.7 % to a
record level of 325.0 million euros (previous year: 231.0 million euros)
while EBIT climbed by 37.5 million euros to 1.6 million euros (previous
year: -35.9 million euros), including a one-off effect in the Solar segment
from the sale of Manz CIGS Technology GmbH.
"In 2017, we initiated numerous measures aimed at making the company durably
profitable once again," notes Eckhard Hörner-Marass, Chief Executive Officer
of Manz AG. "Through targeted organizational and process improvements, we
have succeeded in increasing the company's competitiveness and
profitability. Further evidence that these measures are taking effect was
also reflected in the final quarter, which saw a revenue volume of around
132 million euros and positive EBIT. With this, we have established the
basis for ensuring stable and profit-oriented growth for the company across
all our business segments." Moreover, the product portfolio has gradually
been expanded since mid of 2017 with the addition of standardized
stand-alone machines and modules. This will contribute to broaden the
customer base and to further stabilizing business development.
Manz AG will continue to pursue this course in 2018 as well. The Managing
Board sees considerable potential for sustainably improving the company's
earnings by implementing further organizational improvements through the
optimization program Manz 2.0. This includes measures such as removing
parallel organizational structures, minimizing the number of interfaces, and
reducing overheads. The fusion of the previously independent business areas
Display and Printed Circuit Boards in Asia as of February 1, 2018, was an
important step towards this aim. The implementation of the large-scale CIGS
orders in the Solar segment is also progressing according to plan. In the
segments Energy Storage and Electronics, the volume of incoming orders has
greatly exceeded the figures from the previous year, also in line with
expectations.
"At the end of 2017, we achieved an order volume of 222.0 million euros,"
adds Eckhard Hörner-Marass. "The intensity of inquiries from the industry is
further growing and the amount of incoming orders in 2018 has been
developing well. Moreover, as of December 31, 2017, we possess liquid funds
amounting to 72 million euros, as well as not fully utilized credit lines of
nearly 21 million euros. That means we have plenty of financial resources to
implement the measures planned for achieving sustained profitability. With
these considerations in mind, we expect to see a significant increase in
revenue, as well as slightly positive operating EBIT this year."
In comparison to 2017, the Managing Board expects an increase in revenue of
between
10 and 14 % and a slightly positive EBIT, without any one-off effects. This
would amount to an improvement in operating earnings of around 30 million
euros. Revenue is expected to increase across all business segments. Due to
the continued high research and development expenses for further expanding
the product portfolio, as well as investments in market cultivation, the
segments Electronics and Energy Storage are not expected to make a positive
contribution to the Group's EBIT until 2019. Detailed prognoses for all the
segments have been published in the 2017 Annual Report.
The complete report for 2017 is available for download as of today on the
company's website www.manz.com in the section "Investor Relations" /
"Publications."
2017 revenue, EBITDA, and EBIT compared to the previous year
in million euros 2017 2016* 2015*
Group revenue 325.0 231.0 222.0
Solar 104.3 21.0 15.7
Electronics 87.9 91.1 75.1
Energy Storage 23.8 46.2 72.3
Contract Manufacturing 91.5 49.4 35.2
Service 17.3 23.3 23.7
Group EBIT 1.6 -35.9 -58.2
Solar 31.0 -13.4 -29.2
Electronics -17.0 -14.4 -32.1
Energy Storage -22.7 -16.1 -5.8
Contract Manufacturing 5.0 1.2 2.1
Service 5.6 6.8 6.9
Group EBITDA 11.5 -21.8 -41.9
Solar 33.8 -7.4 -20.6
Electronics -13.4 -10.4 -27.2
Energy Storage -20.4 -13.1 -4.0
Contract Manufacturing 6.0 2.1 2.8
Service 5.8 7.0 7.1
*Financial figures for 2015 and 2016 have been adjusted to the new system of
segment reporting.
Company profile:
Manz AG - passion for efficiency
As a globally leading 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 five technology
sectors: automation, laser processing, and metrology, as well as
wet-chemical and roll-to-roll processes. These technologies are deployed and
continuously developed by Manz in the three strategic business segments of
"Electronics," "Solar," and "Energy Storage."
The company has been listed on the stock exchange in Germany since 2006 and
currently develops and produces in Germany, China, Taiwan, Slovakia,
Hungary, and Italy. It also has sales and service branches in the USA and
India. Manz AG currently has a staff of around 1,700 employees, about half
of which are located in Asia. With its claim "passion for efficiency," Manz
makes the following service promise to its customers active in dynamic
future-oriented industries: offering production equipment with the highest
degree of efficiency and innovation. With Manz AG's comprehensive expertise
in the development of new production technologies along with the equipment
required for this, the company makes a significant contribution to reducing
production costs for end products and making these accessible to a broad
range of buyers around the world.
Contact
cometis AG
Claudius Krause
Phone: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-mail: [email protected]
Manz AG
Axel Bartmann
Phone: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-mail: [email protected]
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29.03.2018 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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670135 29.03.2018
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