DGAP-News: Manz AG publishes results for the first nine months of FY 2012:
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Quarter Results/Quarter Results
Manz AG publishes results for the first nine months of FY 2012:
12.11.2012 / 07:50
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- Positive trend in the Display and Battery business units partly
compensates decline in revenues and earnings in the Solar segment
- Revenues up 21% in the Display business unit
- Further tailwind for 2013 due to major order in the Display segment
- Solar sector's reticence to invest burdens overall revenue and earnings
Reutlingen, November 12, 2012 - Manz AG, one of the world's leading
high-tech engineering companies with an extensive technology portfolio
covering the three strategic business units of 'Display', 'Solar' and
'Battery', has today published its results as of September 30, 2012. The
company generated EUR 147.7 million of revenues in the first nine months of
2012, compared with EUR 192.0 million in the prior-year period, reflecting
a 23.1% decline. Total operating revenues fell by 28% and amounted to EUR
157.0 million in the first three quarters, following EUR 218.0 million in
the previous year. In particular, the low level of new order intake in the
preceding quarter, and an almost complete absence of new investments by
solar sector companies, fed through to declining revenue and earnings
contributions in the third quarter of 2012. Gross margin countered this
trend due to the positive development in the Display and Battery segments,
reporting an 11.3% increase to EUR 91.0 million in the first nine months of
2012 (previous year: EUR 81.7 million). Due to the deterioration in market
conditions described above, the company reported negative earnings before
interest and tax (EBIT) of EUR -3.5 million at the end of the first nine
months of 2012 (previous year: + EUR 3.8 million).
On the latest results, Dieter Manz, CEO of Manz AG, further points out as
follows: 'Over the last few years, we have successfully further developed
our company from an automation specialist into a supplier of integrated
production solutions. We have successfully diversified our business model
with our strategic segments Display and Battery. The positive order
situation in both segments has allowed us to partly compensate the revenues
and earnings declines in the Solar segment. With an approximately 21%
year-on-year revenue increase the Display segment has developed very
positively. The major order of around EUR 20.8 million which we won in
early November the Display segment provides us with a tailwind for 2013.
The Battery segment also continues to develop positively, and current
orders in the fourth quarter also lead us to expect significant
year-on-year revenue growth.'
The Display business unit was the major revenue driver in the period under
review, reporting EUR 94.0 million of revenues (previous year: EUR 77.7
million), and representing a 63.6% share of total revenues. In this
context, free production capacities in the Solar segment were utilised to
realize orders and thereby optimising capacity utilisation. In its Solar
business unit, Manz AG recorded a significant year-on-year decline in
revenues to EUR 14.9 million (previous year: EUR 57.9 million), reflecting
a 10.7% share of total revenues, after 30.2% in the prior year. At EUR 6.2
million, revenues generated by production facilities for lithium-ion
batteries in the Battery business unit were still approximately at the
previous year's level (previous year: EUR 6.4 million), although their
share of total revenues rose to 4.2%, compared with 3.6% in the previous
year.
After taking into account the financial result of EUR -1.1 million
(previous year: EUR -0.5 million), the negative EBIT of EUR -3.5 million in
the first three quarters of 2012 (previous year: + EUR 3.8 million) fed
through to earnings before tax (EBT) of around EUR -4.6 million, following
EUR 3.2 million in the comparable period of the previous year.
Although Dieter Manz regards the dampened expectations at the end of the
first half of 2012 as having been confirmed, he takes a confident view of
the coming fiscal year: 'Due to the weak revenue and earnings trend in the
third quarter, we currently do not expect to achieve the originally set
targets for the full year of a previous year's revenues level. In view of
current negotiations in the Display segment on a further order which
comprises a double-digit amount in millions of euros it will take a few
weeks to issue precise revenue and earnings forecast for the full year.
Nevertheless, due to our good position in the business units Display, Solar
and Battery we are confident that with an increasing willing to invest
during the coming year we will return to revenue and earnings growth in all
business units.'
The complete 2012 nine-month report can be downloaded from today at the
company's website at www.manz.com, within the 'Investor Relations' area.
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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Language: English
Company: Manz AG
Steigäckerstr. 5
72768 Reutlingen
Germany
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99E-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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