Manz AG
Manz AG confirms development in 2019 and provides outlook for 2020
DGAP-News: Manz AG
/ Key word(s): Annual Results
Manz AG confirms development in 2019 and provides outlook for 2020
Reutlingen, March 26, 2020 – Manz AG, a global high-tech engineering company, today published its full report for financial year 2019 and confirmed its preliminary figures. Revenues totalling 264.4 million euros (previous year: 296.9 million euros), earnings before interest, taxes, depreciation and amortization (EBITDA) totalling 9.2 million euros (previous year: 9.5 million euros) with an EBITDA margin of 3.6% (previous year: 3.2%) and negative earnings before interest and taxes (EBIT) totalling -7.6 million euros, were in line with the adjusted expectations for 2019. This development was mainly due to customer project delays in the solar sector and the postponement of major investments in the establishment of a European battery production for the mobility turnaround. Martin Drasch, Manz AG’s CEO, commented: “Last year’s performance did not meet our original expectations. However, the fundamental trends in our Energy Storage, Electronics and Solar segments are intact. We thus believe that the opportunities and prospects for us as a high-tech engineering company are generally good, even though the actual impact of the corona pandemic as well as its duration is currently difficult to estimate for us, as it is for most companies worldwide. We currently have an order backlog of around 170 million euros. This is a solid basis on which we can build despite all the challenges.” The full report for the 2019 financial year is available for download as of today on the company’s website www.manz.com in the Investor Relations / Publications section.
Manz AG – passion for efficiency With many years of expertise in automation, laser processing, vision and metrology, wet chemistry and roll-to-roll processes, the company offers manufacturers and their suppliers innovative production solutions in the areas of photovoltaics, electronics, and lithium-ion battery technology. The company’s product portfolio includes both customer-specific developments and standardized single machines and modules, which can be linked to create complete custom systems. Manz AG offers high-quality, needs-based solutions that can be integrated early into customer projects to contribute significantly to customer success. The company, listed on the stock exchange in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales and service branches in the USA and India. Manz AG currently employs roughly 1,600 workers worldwide, around half of whom work in the Asia region, which is key to the company’s target industries. Manz Group revenue in the 2019 financial year totaled around 264 million euros.
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26.03.2020 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 |
EQS News ID: | 1007311 |
End of News | DGAP News Service |