10.02.2016
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG Starts 2016 with Good Level of Incoming Orders
DGAP-News: Manz AG / Key word(s): Incoming Orders
Manz AG Starts 2016 with Good Level of Incoming Orders
10.02.2016 / 07:29
The issuer is solely responsible for the content of this announcement.
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Manz AG Starts 2016 with Good Level of Incoming Orders
- Acquired new and follow-up orders in the lower double-digit million
Euro range in the Energy Storage segment
- Advanced negotiations in the Electronics segment likely to lead to
further incoming orders in the short term
- Review of strategic options in the Solar segment at an advanced stage;
initial results expected at the end of February
- Management expects a clearly improved earnings due to restructuring
measures initiated
Reutlingen, 10. February 2016 - Manz AG, a multinational high-tech
equipment manufacturer with an extensive technology portfolio covering the
three strategic business segments of "Electronics", "Solar" and "Energy
Storage", has started the current year with a good level of incoming
orders. During the first few weeks of 2016, the company has received orders
for machines to manufacture high-performance lithium-ion batteries for a
total sales volume in the lower double-digit million Euro range. The orders
will impact revenues and earnings during the first six months of 2016.
New and follow-up orders in the Energy Storage segment came from customers
in the Consumer Electronics and e-mobility sectors from Europe, Asia and
the USA. Dieter Manz, CEO and founder of Manz AG: "Producers of smartphones
and tablets, along with manufacturers in the e-mobility segment, are
providing sustained growth impulses in the market. This has benefited us as
a high-tech equipment manufacturer, as our battery business has maintained
its strong performance into 2016." The Reutlingen-based equipment
manufacturer established itself as an innovation driver on the market for
lithium-ion batteries very early on, also with the successful takeover and
rapid integration of Manz Italy.
The orders received now underline the established customer relations of
Manz AG in the Energy Storage segment. Therefore, Manz AG registered
several follow-up orders from current customers in the Consumer Electronics
segment for machines that produce efficient lithium-ion batteries.
Furthermore, in close cooperation with a major customer, Manz brought a
comprehensive development project in this segment to a successful close in
January 2016. Manz AG was able to meet all of the development objectives of
the customer with its innovative production machines and methods. Dieter
Manz: "Lifespan and size are key factors for the manufacture of batteries
for Consumer Electronics applications. Our innovative manufacturing
technologies provide our customers with longer lifespans and significantly
reduced sizes. Following the successful completion of the development
project, I am confident that we can expect to receive further additional
orders." Other positive signals at the start of the year come from the
e-mobility industry, after several car makers announced new hybrid and
electric vehicles in the past few months. During the first weeks of 2016,
Manz obtained several follow-up orders from strategically important
customers, as well as orders from new customers.
Dieter Manz on current operating developments: "The Energy Storage business
segment has had a good start into the new year. In the Electronics segment,
we are leading advanced stage contract negotiations with several customers,
relating to, among other things, postponed orders from the previous fiscal
year. Therefore we are optimistic that our business activities will also
start to pick up in this area in the coming weeks. Together with already
realized and planned savings from the restructuring and an increased sales
level, I see a suitable basis for significantly improving our earnings this
year, as planned."
In view of the restructuring process, Martin Drasch, COO of Manz AG
summarizes, "The initiated measures for optimizing our international
production network already demonstrate initial success. The transfer of
production of series machines to our cost-effective locations in Slovakia
and China is proceeding more quickly than originally planned. As a result
of this, we will further improve our competitiveness." Martin Hipp, Chief
Financial Officer of Manz AG added: "In the past few weeks, we have made
very good progress in the examination of our strategic options for our
Solar segment, which has been deficient for years. Therefore we are
confident that we will be able to present the first results by the end of
February."
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. Founded in 1987, the company has expertise in seven
technology sectors: automation, vacuum coating, laser processing, 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 claim "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 substantially contributes to
reducing production costs for end products, making them accessible to large
groups of buyers the world over.
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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10.02.2016 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
End of News DGAP News Service
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