Manz AG
Manz AG: Release of Preliminary Figures for the 2016 Fiscal Year
DGAP-News: Manz AG / Key word(s): Preliminary Results Manz AG: Release of Preliminary Figures for the 2016 Fiscal Year
– Preliminary figures are within forecasts – Revenue about 4% higher than previous year, at EUR 231 million – EBITDA and EBIT significantly improved compared to previous year – Major order in Solar business segment and optimized cost basis as base for profitable corporate development in 2017
The significant improvement of EBITDA and EBIT is substantially the result of Manz AG’s multi-layered measures to optimize processes and structures within the entire group. This is reflected, inter alia, in reduced material and personnel expenses and an overall improved cost basis. The company will continue to follow this path also in the 2017 fiscal year and will consistently pursue the initiated projects as part of a continuous optimization process. Dieter Manz, CEO and founder of Manz AG, expects a profitable business performance for 2017: “A strong strategic partnership in the solar segment, a full order book, proven successes in optimizing our cost basis and a continuous improvement of our processes – in consideration of these framework conditions, we expect to be profitable again in 2017.” Manz AG will publish the final figures for the 2016 fiscal year and a detailed forecast for the current fiscal year, together with the complete 2016 annual report, on March 30, 2017.
Manz AG – passion for efficiency 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 segments. 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
07.03.2017 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 |
End of News | DGAP News Service |