11.08.2015
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG publishes report on the first six months of 2015
DGAP-News: Manz AG / Key word(s): Half Year Results
Manz AG publishes report on the first six months of 2015
11.08.2015 / 07:42
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Manz AG publishes report on the first six months of 2015
- Revenue trend in the first six months of 2015 critically affected by
order cancellation and delays of orders
- Significantly improved EBITDA in the second quarter of 2015 in
comparison with the first quarter
- Positive signals in all business segments give cause to expect a better
second six months
Reutlingen, August 11, 2015 - Manz AG, one of the world's leading high-tech
equipment manufacturers 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
2015 today. Delays in incoming orders and an order cancellation and its
effect on expected follow-on orders placed high demands on the
entrepreneurial flexibility of Manz AG. The revenues and earnings of the
first six months were critically affected by these factors, even though it
was possible to partially offset their effects thanks to the company's
diversified business model with respect to technologies, markets and
regions. In the short time available, however, an adequate adjustment of
the cost base was not completely possible, so that the total result for the
period was burdened accordingly.
After the first quarter of 2015 had been critically characterized by the
volatility and cyclical development of the growth markets of Manz AG,
business again picked up speed in the second quarter of 2015. However, due
to the order cancellation at the end of June in the amount of approximately
EUR 12 million in the Electronics segment and the follow-up orders in the
high double-digit million euro range as well as order delays in the Energy
Storage segment, the second quarter of 2015 lagged behind the very positive
second quarter of the previous year. Consequently, revenues of EUR 121.9
million during the first six months of 2015 were below the comparable value
of the prior year (EUR 163.6 million).
Dieter Manz, CEO and founder of Manz AG comments: "The revenue trend in the
first six months fell short of our expectations due to customer decisions
beyond our control. The positive signals in all three business segments as
well as the solid orders on hand amounting to approximately EUR 100
million, however, provide an excellent basis for improved performance in
the second six months. Specifically in view of the current vibrancy in the
Energy Storage segment and the significant potential in our target
industries of electronics and solar, I am convinced of the success of our
business model."
In order to be able to systematically take advantage of the opportunities
of this very dynamic growth markets, Manz AG has undertaken important
strategic steps in the form of diversification in technologies, markets and
regions at an early stage. To further reduce dependence on major customers
and the volatile market development, the company will also continue to
pursue this strategy. Future investments associated with this such as
increased personnel costs as a result of intensified sales activities and
the successful integration of Manz Italy and KLEO Halbleitertechnik GmbH,
in the opinion of the Managing Board will pay off in the future. Earnings
before interest, taxes, depreciation and amortization (EBITDA) in the first
six months of 2015 were EUR -6.7 million (previous year: EUR 13.2 million),
of which EUR -6.4 million was attributable to the first quarter. Earnings
before interest and taxes (EBIT) came to EUR -12.9 million, following EUR
1.2 million in the first six months of 2014.
At EUR 42.3 million, the Electronics segment accounted for a 34.7% share of
the revenue in the reporting period (previous year: EUR 118.5 million or
72.4%). The Solar segment generated around EUR 10.5 million or 8.6% of Manz
AG's total revenues in the first six months of 2015 (previous year: EUR 6.3
million or 3.9%). The Energy Storage segment accounted for the largest
share of sales in the reporting period with EUR 49.7 million or 40.8%
(previous year: EUR 6.4 million or 3.9%) with equipment for the production
of lithium-ion batteries and capacitors. The Contract Manufacturing
reporting segment was responsible for revenue contributions of EUR 14.2
million or 11.6% (previous year: EUR 24.5 million or 15.0%). Revenues in
the reporting segment Others in the first six months of 2015 totaled EUR
5.2 million, following EUR 7.9 million in the prior-year period; this
corresponds to a revenue share of 4.2% (previous year: 4.9%).
In view of the restrained performance in the first six months of 2015 and
positive signals for the second six months, the Managing Board of Manz AG
expects moderately lower revenues in comparison with the previous year and
an improved, but prospectively negative EBIT.
Company profile:
Manz AG - passion for efficiency
As one of the world's leading high-tech equipment manufacturers, Manz AG,
based in Reutlingen, Germany, is a pioneer for innovative products in
fast-growing markets. The company, founded in 1987, has expertise in seven
technology sectors: automation, laser processing, vacuum coating, screen
printing, metrology, wet chemical and roll-to-roll processing. Manz deploys
and further develops these technologies in three strategic business
segments: "Electronics," "Solar" and "Energy Storage."
The company, led by founder Dieter Manz and listed on the stock exchange in
Germany since 2006, currently develops and produces in Germany, China,
Taiwan, Slovakia, Hungary and Italy. It also has sales and service branches
in the USA and India. At the beginning of the year 2015, Manz AG had
approximately 2,000 employees, around half of which are employed in Asia.
With its claim "passion for efficiency," Manz gives its clients, who are
active in dynamic industries of the future, its performance promise: to
provide production equipment with the highest level of efficiency and
innovation. Thanks to its extensive expertise in the development of new
production technologies and the required equipment, Manz AG contributes
substantially to lowering the production costs of end products and making
them available to large buyer groups worldwide.
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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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
Indices: TECDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News-Service
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