Manz AG
Manz AG publishes report on the first six months of 2016
DGAP-News: Manz AG / Key word(s): Half Year Results Manz AG publishes report on the first six months of 2016 – At EUR 124.0 million, revenues in the first six months of 2016 slightly above the previous year – Negative EBITDA, but better than in the prior year by EUR 2.2 million – Forecast for the full 2016 year affirmed Reutlingen, August 11, 2016 – Manz AG, a globally active high-tech equipment manufacturer 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 2016 today. Following the good start to the year in the first three months of 2016, in the second quarter the company was confronted with the preliminary order stop by a major customer on short notice. At the same time, however, with the successfully completed capital increase and the investment by Shanghai Electric in Manz AG, an important strategic milestone was achieved, and a sound foundation was created for the company to develop positively in the future again. Dieter Manz, CEO and founder of Manz AG, commented: “We have had a good start into the year and initially were also able to continue this development in the second quarter. Our operating business showed a slight upturn which could be felt in revenues of around EUR 124 million. With our restructuring measures, we have successfully implemented the first steps for lowering our cost basis. But unfortunately the preliminary order stop of a major customer in the Energy Storage business segment caught us off guard, and therefore we are missing revenue in the middle single-digit millions range. This resulted in a negative EBITDA in the first six months of EUR -4.5 million.” The Managing Board continues to be confident on the development in the second half-year. This is based essentially on the strategic cooperation with Shanghai Electric. The detailed planning for the future cooperation is on schedule. Manz AG expects, that it will be able to report specifically on the next steps during the course of the third quarter. Overall, the Managing Board therefore expects a significant increase in revenues with significantly improved earnings before interest and taxes (EBIT) for the full year. However, above all there are planning uncertainties due to the ongoing customer discussions in connection with the order stop in the Energy Storage business segment. At EUR 49.8 million, the Electronics segment realized 40.2% of total revenues in the reporting period (previous year: EUR 42.3 million or 34.7%). After six months the Solar segment had generated around EUR 17.5 million or 14.1% of Manz AG’s total revenues (previous year: EUR 10.6 million or 8.6%). The Energy Storage segment accounted for a EUR 34.9 million share of revenues or 28.1% in the reporting period (previous year: EUR 49.7 million or 41.0%) with equipment for the production of lithium-ion batteries and capacitors. The Contract Manufacturing reporting segment was responsible for revenue contributions of EUR 15.0 million or 12.1% (previous year: EUR 14.2 million or 11.6%). Revenues in the reporting segment Others totaled EUR 6.9 million, following EUR 5.2 million in the prior-year period; this corresponds to a revenue share of 5.5%, following 4.1% in the first two quarters of 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -4.5 million in the reporting period (previous year: EUR -6.7 million). Earnings before interest and taxes (EBIT) amounted to EUR -11.7 million (previous year: EUR -12.9 million). Consolidated net loss came to EUR -17.0 million (previous year: EUR -15.0 million), corresponding to earnings per share of EUR -2.84 (previous year: EUR -2.94). Company Profile: Manz AG – passion for efficiency As a globally active high-tech equipment manufacturer, 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, laser processing, vacuum coating, 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 contributes substantially to reducing production costs for end products, making them accessible to large groups of buyers the world over. Investor Relations Contact cometis AG Manz AG Follow us at
2016-08-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 | |
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