08.05.2018
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG Publishes Report on the First Three Months of 2018
DGAP-News: Manz AG / Key word(s): Quarterly / Interim Statement
Manz AG Publishes Report on the First Three Months of 2018
08.05.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Manz AG Publishes Report on the First Three Months of 2018
- Revenue significantly expanded by 81 % to 86 million euros
- Measures to increase competitiveness and profitability are showing effect
- EBITDA and EBIT on operating basis significantly improved from previous
year
Reutlingen, May 8, 2018 - Manz AG, a global high-tech equipment manufacturer
with an extensive technological profile, today publishes its quarterly
report on the first three months of 2018. According to the report, the
company significantly increased revenue to 86.1 million euros (previous year
47.6 million euros), the highest first quarter revenue figure in the
company's history. Earnings before interest, taxes, depreciation and
amortization (EBITDA) in the 2018 reporting period was -0.9 million euros
(previous year: 23.2 million euros) and earnings before interest and taxes
(EBIT) came to -3.0 million euros (previous year: 20.0 million euros).
Compared to the previous year's values adjusted for profit effects from the
operation and sale of NICE Solar Energy GmbH (formerly Manz CIGS Technology
GmbH), Manz AG improved, on a comparable operating basis, EBITDA by 8.3
million euros (previous year adjusted: -9.2 million euros) and EBIT by 8.5
million euros (previous year adjusted: -11.5 million euros).
Eckhard Hörner-Marass, CEO of Manz AG, observes: "In 2018 we are continuing
the consistent implementation of our current strategy to increase the
company's competitiveness and profitability. With the goal of rapidly
extending our customer base, we have significantly expanded the percentage
of standardized individual machines and modules in the product portfolio in
all segments. At the same time, we are working continuously in numerous
individual projects to increase profitability through targeted
organizational and process improvements, and with the introduction of
appropriate tools. Although we still have some work to do, we can see in the
achieved revenue and earnings improvements that we are taking the right
steps".
In examining the individual segments of Manz AG, the revenue and earnings
development in the Solar segment was consistent with project planning for
the implementation of CIGS bulk orders. In the Energy Storage and Contract
Manufacturing segments, both revenue and earnings improved from their
respective values in the previous year. Revenue in the Electronics segment
was below the level of the previous year. The first quarter of the previous
year was still significantly affected by a large display order. The segment
earnings were negative, as expected, although in recent months Manz AG has
seen a growing upswing in business activity in the target sectors. Service
revenue was stable, and earnings were below the previous year due to a
changed product mix.
With the business development figures in the first quarter of 2018, an order
intake of 87.6 million euros and a value of orders on hand of 226.4 million
euros as of March 30, 2018, the Managing Board considers Manz AG to be on
course to meet projected targets for the full year 2018. Assuming no change
in overall conditions, the Managing Board therefore still expects revenue
growth for the current fiscal year between 10 % and 14 % over 2017 with a
slightly positive EBIT excluding one-time effects.
2018 Q1 revenue, EBITDA, and EBIT compared to the previous year
in million euros Q1 2018 Q1 2017
Group revenue 86.1 47.6
Solar 35.9 1.5
Electronics 14.8 19.7
Energy Storage 7.9 6.1
Contract Manufacturing 25.1 15.6
Service 4.7 4.8
Group EBIT -3.0 20.0
Solar 2.1 25.2
Electronics -5.6 -3.9
Energy Storage -2.0 -3.3
Contract Manufacturing 2.2 0.6
Service 0.7 1.5
Group EBITDA -0.9 23.2
Solar 2.3 26.4
Electronics -4.8 -2.8
Energy Storage -1.3 -2.8
Contract Manufacturing 2.5 0.8
Service 0.7 1.5
Company profile:
Manz AG - passion for efficiency
As a globally leading high-tech equipment manufacturer, Manz AG, based in
Reutlingen, Germany, is a pioneer of innovative products in fast-growing
markets. Founded in 1987, the company has expertise in six technology
sectors: automation, laser processing, screen printing, measurement
technology as well as 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 has been listed on the stock exchange in Germany since 2006 and
currently develops and manufactures in Germany, China, Taiwan, Slovakia,
Hungary, and Italy. It also has sales and service branches in the USA and
India. Manz AG currently has 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 its comprehensive expertise in the
development of new production technologies, along with the equipment that
this requires, the company contributes in significant ways to reducing
production costs for end products and making these accessible to a broad
range of buyers around the world.
Investor Relations 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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08.05.2018 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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