DGAP-News: Manz AG: Positive operating revenue (EBIT) in the first half-year due to extensive technology portfolio and successful diversification strategy
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Half Year Results
Manz AG: Positive operating revenue (EBIT) in the first half-year due
to extensive technology portfolio and successful diversification
strategy
15.08.2012 / 07:35
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- Total revenues at EUR 109.2 million in the first half of 2012
- Positive operating revenue (EBIT) of EUR 1.1 million
- Revenues in the Solar segment decline to 12% of total revenues
- In the Display segment revenues increase significantly to 65.5% of
total revenues
Reutlingen, August 15, 2012 - Manz AG, one of the world's leading high-tech
engineering companies with an extensive technology portfolio covering the
strategic segments 'Display', 'Solar' and 'Battery', has recorded
substantial revenue growth in the second quarter of 2012 with revenues
growing by 47.6% to EUR 65.1 million compared to the preceding quarter.
Total revenues in the reporting period slipped 15.9% to EUR 109.2 million,
compared with EUR 129.8 million in the prior-year period. Total operating
revenues in the first six months amounted to EUR 113.5 million (previous
year: EUR 142.3 million). The positive development in revenues and the EBIT
of EUR 6.0 million in the second quarter was more than enough to offset
losses in the first quarter of 2012, leaving Manz with an operating revenue
(EBIT) of EUR 1.1 million for the first half-year (previous year: EUR 3.5
million).
Dieter Manz, CEO of Manz AG, is satisfied about the result and the business
development: 'With a positive EBIT we have achieved our target in the first
six months. This was above all enabled by our core competences in the
fields of automation, laser process technology, vacuum coating, printing,
metrology and wet chemical processes, as well as our successful
diversification strategy. With the positive order situation in the Display
and Battery segments, we can compensate the ongoing lack of investment in
the solar industry. In particular the dynamic growth of around 68% in the
Display segment in the first half-year compared to the same period in the
previous year is encouraging. In addition, we have also continued to reduce
the risks entailed in our business model by diversifying the size of our
projects and our expanding international customer base.'
Since July 1, 2012 all of Manz AG's business activities in the display
industry have been consolidated in the renamed Display (formerly Flat Panel
Display) business unit. This segment was by far the major revenue driver,
representing revenues of EUR 71.5 million (previous year: EUR 42.5
million). To realize the high order volume, free production capacities in
the Solar segment have been used and thereby production utilisation has
been optimised. In its Solar business unit, Manz AG recorded a significant
downturn in revenues which declined to EUR 13.1 million (previous year: EUR
46.0 million). However the company records an increasing proportion of
revenues with production facilities for lithium-ion batteries. Due to this
trend and the prospects for further growth this business forms since
July 1, 2012 the company's third strategic segment: Battery. During the
reporting period Manz AG achieved revenues of EUR 3.3 million in this
segment (previous year: EUR 3.0 million), representing 3.0% of total
revenues (previous year: 2.3%); with additional revenue-relevant bulk
orders in the second half-year, revenues in this segment are expected to
double at least in 2012 compared to the previous year (2011: 9.5 million
EUR).
The negative operating revenue in the first quarter has been more than
compensated by the second three-months period. In the first half-year Manz
AG recorded positive operating revenues (EBIT) of EUR 1.1 million (previous
year: EUR 3.5 million). The financial result at EUR -0.6 million was below
the previous year (2011: EUR -0.3 million). Consequently earnings before
tax (EBT) declined to around EUR 0.4 million, compared with EUR 3.2 million
for the same period last year. Consolidated income after taxes and minority
interests amounted to EUR -1.5 million (previous year: EUR 2.9 million).
With an average of 4,480,054 shares in circulation, this equates to
earnings per share of EUR -0.34 (previous year: EUR 0.61).
Dieter Manz sees the further developments in financial year 2012
increasingly challenging, due the continuing low order situation in the
Solar segment: 'The declining solar market will weigh heavily on the
Group's consolidated earnings for the entire 2012 fiscal year. Our business
units have major opportunities to acquire new orders over the short term,
and, as a result, we continue to see a chance to achieve the targets we set
at the beginning of the year. Should we fail to acquire the expected orders
as a result of the euro crisis, the weaker global economy, or the ongoing
hesitation to make new investments in the solar industry, it will become
increasingly difficult to achieve these goals.'
The full half-year 2012 report can be downloaded from today onwards from
the Investor Relations section of the company's website at www.manz.com.
Manz AG - passion for efficiency
Manz AG based in Reutlingen, Germany (ISIN: DE000A0JQ5U3) is a
world-leading high-tech engineering company. Founded in 1987, in recent
years the company has grown from an automation specialist into a supplier
of production lines. Manz AG has amassed expertise in six areas of
technology, including automation, laser processes, vacuum coating,
printing, metrology and wet chemical processes. The technologies are
deployed in three strategic fields, the 'Display', 'Solar' and 'Battery'
segments and continuously further developed.
The company, led by founder Dieter Manz, has been listed on the stock
exchange in Germany since 2006, and currently operates production
facilities in Germany, China, Taiwan, Slovakia, and Hungary. Manz AG also
has sales and service branches in the USA, South Korea and India. At the
beginning of 2012, Manz AG had approximately 2.000 employees, 900 of which
work in Asia. With its slogan 'passion for efficiency', Manz engineers are
making a promise to offer its customers - all companies active in important
future markets - increasingly efficient production equipment. As a
manufacturer of production facilities, the company contributes
significantly to reduce the production costs of end products and thereby
making them available for a broad range of buyers worldwide.
Investor relations contact:
cometis AG
Ulrich Wiehle / Claudius Krause
Tel.: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-Mail: krause(at)cometis.de
Public relations contact:
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-Mail: abartmann(at)manz.com
End of Corporate News
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15.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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(at)manz.com
Internet: http://www.manz.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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181709 15.08.2012
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Datum: 15.08.2012 - 07:35 Uhr
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