DGAP-News: Manz AG wins more follow-up orders in its Display division totalling around EUR 24 million
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Incoming Orders
Manz AG wins more follow-up orders in its Display division totalling
around EUR 24 million
12.03.2013 / 08:11
---------------------------------------------------------------------
Manz AG wins more follow-up orders in its Display division totalling around
EUR 24 million
- The positive trend in orders received in 2013 continues: Order backlog
doubled YoY to roughly EUR 128 million
- Manz is profiting from the successful transfer of technology and a
strong market position in the booming Asian market for smart phones and
tablet computers
Reutlingen, 12 March 2013 - Manz AG, one of the world's leading high-tech
engineering companies with an extensive technology portfolio covering the
strategic divisions 'Display', 'Solar' and 'Battery', has been awarded
further follow-up orders at its Display division worth a total of around
EUR 24 million. These orders are for systems and equipment for the
manufacture of touch panel displays and other components for smart phones
and tablet computers. The revenues will be reflected in income and earnings
in the second and third quarters of the current financial year. These
orders represent a further continuation of the highly successful
development in order income in the company's Display division. The order
backlog now stands at roughly EUR 128 million - well over twice last year's
figure. The flow of incoming orders also underscores the success of Manz's
diversification strategy and its strong market position in this segment.
Dieter Manz, CEO of Manz AG, sees this as confirmation of the corporate
strategy: 'In recent years we have made substantial investments in the
ongoing development of our products as well as our company's strategic
positioning. These investments are now paying off. Thanks to the modular
structure of our products, we are able to rapidly transfer technologies to
other industry sectors and consistently exploit market opportunities. With
these latest follow-up orders, our strategy of diversification has again
borne fruit. The outlook for the current financial year has now
considerably improved. With our Solar business segment accounting for
significantly below 5% of order backlog, the persistent investment
restraint in the solar industry will have only a very minor impact on our
company's development in 2013.'
The equipment ordered is based on the extensive technology portfolio of
Manz AG. In addition to the wet chemical plants produced by Manz Taiwan,
the orders also include laser process technologies and automation solutions
originally developed for the production of crystalline solar cells. The
company has succeeded in adapting these without major technological
modifications for applications in the flat panel display industry. This
further underscores the ability of Manz AG to utilise its core skills in
automation, laser processes, wet-chemical processes, metrology, vacuum
coating and screen printing to exploit new opportunities in the fast
growing market for smart phones and tablet computers. As a result, the
company is more than able to compensate for the persistent weakness in the
solar industry and make efficient use of available engineering and
production capacities at its sites in Germany and Asia.
In addition to the transfer of technologies between industry sectors, Manz
is profiting in particular from its outstanding technological expertise in
wet-chemical equipment for the manufacture of LCD displays and touch
panels. With more than 2,000 systems already installed, the subsidiary
company Manz Taiwan is the market leader in this field in the growth
markets of Taiwan and China, while its client roster includes all major
manufacturers in this region. Surveys point to a sustained dynamic momentum
in the market for mobile devices with touch panels, such as, for example,
smart phones and tablet computers. This is underscored by the fact that all
major manufacturers are making increasing use of touch panel displays in a
growing number of their products. Thanks to this market development, the
Display division has become Manz AG's top-selling business unit with
excellent potential for additional growth in revenue.
Manz AG - passion for efficiency
Manz AG, headquartered in Reutlingen, Germany, is one of the world's
leading high-tech engineering firms. Founded in 1987, in recent years the
company has grown from an automation specialist into a supplier of
integrated production lines. Manz has expertise in six fields of
technology: automation, laser processes, vacuum coating, screen printing,
metrology, and wet-chemical processes. These technologies are used and
developed in three strategic business areas: Display, Solar, and Battery.
The company, led by founder Dieter Manz, has been listed on the stock
exchange in Germany since 2006, and currently develops and manufactures in
Germany, China, Taiwan, Israel, Slovakia, and Hungary. Manz also has sales
and service offices in the United States, South Korea, and India. At the
beginning of 2013, Manz AG had approximately 1,850 employees, half of them
in Asia. With its slogan, 'Passion for Efficiency', Manz's engineers are
making a promise to offer its customers - all companies active in important
future markets - increasingly efficient production equipment. As an
engineering firm, the company plays a significant role in reducing the cost
of manufacturing end products, making these products available to large
groups of buyers worldwide.
Investor Relations-Kontakt
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-Kontakt
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
---------------------------------------------------------------------
12.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
203542 12.03.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2013 - 08:11 Uhr
Sprache: Deutsch
News-ID 238259
Anzahl Zeichen: 4440
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 252 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Manz AG wins more follow-up orders in its Display division totalling around EUR 24 million"
steht unter der journalistisch-redaktionellen Verantwortung von
Manz AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
