26.03.2020 Manz AG  DE000A0JQ5U3

DGAP-News: Manz AG confirms development in 2019 and provides outlook for 2020


 

DGAP-News: Manz AG / Key word(s): Annual Results
Manz AG confirms development in 2019 and provides outlook for 2020

26.03.2020 / 07:29
The issuer is solely responsible for the content of this announcement.


Manz AG confirms development in 2019 and provides outlook for 2020

  • Preliminary figures for the 2019 financial year confirmed: Revenues and earnings in line with adjusted expectations
  • Order backlog of around 170 million euros forms a solid basis; fundamental trends in the target industries for 2020 and beyond intact
  • 2020 forecast expects profitable growth, considering the currently assessable effects of the corona pandemic; reliable forecast currently not possible

Reutlingen, March 26, 2020 - Manz AG, a global high-tech engineering company, today published its full report for financial year 2019 and confirmed its preliminary figures. Revenues totalling 264.4 million euros (previous year: 296.9 million euros), earnings before interest, taxes, depreciation and amortization (EBITDA) totalling 9.2 million euros (previous year: 9.5 million euros) with an EBITDA margin of 3.6% (previous year: 3.2%) and negative earnings before interest and taxes (EBIT) totalling -7.6 million euros, were in line with the adjusted expectations for 2019. This development was mainly due to customer project delays in the solar sector and the postponement of major investments in the establishment of a European battery production for the mobility turnaround.

Martin Drasch, Manz AG's CEO, commented: "Last year's performance did not meet our original expectations. However, the fundamental trends in our Energy Storage, Electronics and Solar segments are intact. We thus believe that the opportunities and prospects for us as a high-tech engineering company are generally good, even though the actual impact of the corona pandemic as well as its duration is currently difficult to estimate for us, as it is for most companies worldwide. We currently have an order backlog of around 170 million euros. This is a solid basis on which we can build despite all the challenges."

Manz AG's Management Board believes that the company will be able to generate profitable growth in 2020 and expects a slight to moderate increase in revenues compared to 2019 and a positive EBIT margin in the low single-digit percentage range. This forecast considers the currently assessable effects of the corona pandemic on the economic development of the company. However, it is currently not possible to make any reliable assumptions about the future reactions of the customers or about possible further restrictions - including political restrictions. Against the background of these considerable uncertainties and the highly dynamic nature of the situation, the economic effects on the Group and the forecast cannot be adequately determined at present. The further development of the Corona crisis and its possible effects on the further development of the business are therefore constantly evaluated by the Management Board. Forecasts for the segments are published in the 2019 Annual Report.

The full report for the 2019 financial year is available for download as of today on the company's website www.manz.com in the Investor Relations / Publications section.


Revenue, EBITDA and EBIT 2019 compared to previous year

     
in EUR million 2019 2018
Group revenues 264.4 296.9
Solar 47.5 105.0
Electronics 115.7 93.9
Energy Storage 40.7 35.4
Contract Manufacturing 41.5 43.1
Service 19.1 19.5
     
EBIT Group -7.6 -3.4
Solar -2.0 14.4
Electronics -7.6 -12.0
Energy Storage -11.3 -9.9
Contract Manufacturing 11.5 1.2
Service 1.6 3.9
     
EBITDA Group 9.2 9.5
Solar 1.4 18.1
Electronics 0.4 -6.6
Energy Storage -7.3 -6.9
Contract Manufacturing 12.3 1.8
Service 2.2 4.1
 


Company profile:

Manz AG - passion for efficiency

Founded in 1987, Manz AG is a global high-tech equipment manufacturing company. Its business activities cover the areas of Solar, Electronics, Energy Storage, Contract Manufacturing and Service.

With many years of expertise in automation, laser processing, vision and metrology, wet chemistry and roll-to-roll processes, the company offers manufacturers and their suppliers innovative production solutions in the areas of photovoltaics, electronics, and lithium-ion battery technology. The company's product portfolio includes both customer-specific developments and standardized single machines and modules, which can be linked to create complete custom systems. Manz AG offers high-quality, needs-based solutions that can be integrated early into customer projects to contribute significantly to customer success.

The company, listed on the stock exchange in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales and service branches in the USA and India. Manz AG currently employs roughly 1,600 workers worldwide, around half of whom work in the Asia region, which is key to the company's target industries. Manz Group revenue in the 2019 financial year totaled around 264 million euros.


Contact

Manz AG
Axel Bartmann
Phone: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
e-mail: [email protected]

cometis AG
Claudius Krause
Phone: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
e-mail: [email protected]



26.03.2020 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.
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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
EQS News ID: 1007311

 
End of News DGAP News Service

1007311  26.03.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 324,97 296,92 264,40 236,77 227,06 250,96 252,00
EBITDA1,2 11,45 9,51 9,21 19,36 18,29 6,18 18,00
EBITDA-Marge3 3,52 3,20 3,48 8,18 8,06 2,46
EBIT1,4 1,56 -3,39 -9,93 7,23 -16,06 -6,00 5,30
EBIT-Marge5 0,48 -1,14 -3,76 3,05 -7,07 -2,39 2,10
Jahresüberschuss1 -2,80 -8,02 -11,25 3,43 -22,43 -12,15 2,00
Netto-Marge6 -0,86 -2,70 -4,25 1,45 -9,88 -4,84 0,79
Cashflow1,7 19,53 14,90 -24,10 20,62 -25,80 -2,28 0,00
Ergebnis je Aktie8 -0,41 -1,00 -1,43 0,42 -2,89 -1,42 0,89
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Manz
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JQ5U 10,100 Halten 86,28
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,35 13,67 0,84 -3,11
KBV KCV KUV EV/EBITDA
0,81 - 0,34 21,83
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 02.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.05.2024 06.08.2024 07.11.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,52% -21,52% -18,15% -57,38%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Manz AG  ISIN: DE000A0JQ5U3 können Sie bei EQS abrufen


Spezialmaschinenbau , A0JQ5U , M5Z , XETR:M5Z