Manz AG / Key word(s): Miscellaneous
13.10.2016 09:58
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Publication of insider information in accordance with Article 17 Paragraph
1 of Directive (EU) 596/2014 on Market Misuse (Market Misuse Directive)
Manz AG reaches agreement regarding order cancellation in the Energy
Storage division and confirms 2016 forecast
Reutlingen, 13. October 2016 - Today, Manz AG, Reutlingen, (ISIN:
DE000A0JQ5U3) has signed a settlement agreement with an important customer
that had stopped a major project in the Energy Storage division on short
notice in early June of 2016, with possible effects on the forecast for the
2016 fiscal year (Ad-hoc memorandum from June 11, 2016). As a result of the
agreement, there will be no further negative earnings effects for Manz AG
from the order, which has now been definitely canceled. However, as a
result of the order cancellation and the failure of anticipated follow-up
orders to materialize, corresponding revenues and earnings for the 2016
fiscal year are eliminated. Nevertheless, the management board of Manz AG
stands by the previous forecast for the 2016 fiscal year, pending the
planned placement of an order for a CIGSfab. This forecast shows a
significant increase in the revenues of the Manz Group, in comparison to
the revenues achieved in the 2015 fiscal year, as well as significantly
improved earnings before interest and taxes (EBIT) in comparison to the
2015 fiscal year.
Additional information:
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker symbol: M5Z
Market segment: regulated market (Prime Standard) of the Frankfurt Stock
Exchange
Manz AG
Steigäckerstrasse 5
72768 Reutlingen, Germany
Germany
< End of the Ad-hoc Announcement>
Investor Relations Contact
cometis AG
Claudius Krause
Tel.: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-mail: krause@cometis.de
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-mail: abartmann@manz.com
13.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: info@manz.com
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 Announcement DGAP News-Service
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