DGAP-News: Manz AG: Optimism after difficult financial year 2012
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Preliminary Results
Manz AG: Optimism after difficult financial year 2012
14.03.2013 / 07:31
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Manz AG: Optimism after difficult financial year 2012
- Financial year 2012 strongly burdened by the persisting solar crisis
- Preliminary figures show revenues of EUR 184.1 million, down 23.5% yoy
- EBIT of EUR -30.7 million heavily burdened by special effects in the
'Crystalline PV' segment
- Current order backlog twice as high as previous year at roughly EUR 128
million
- Double-digit growth in revenues expected for 2013
Reutlingen, 14 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 today published
its preliminary figures for the year 2012. The results varied widely from
one division to another: In its Display and Battery business units, the
company recorded substantial growth rates. On the other hand, the situation
in the photovoltaic market remained difficult. Corresponding loss in
revenues in Manz AG's Solar segment partly was compensated by the highly
positive development in its other segments. Overall, however, Manz AG
recorded a 23.5% decline in revenues from EUR 240.5 million to EUR 184.1
million. Earnings before interest and taxes (EBIT) at EUR -30.7 million
(previous year: EUR 3.1 million) were strongly burdened by one-off special
effects amounting to around EUR 17 million resulting almost exclusively
from the crystalline photovoltaics business. These special effects mainly
result from devaluation of machineries in stock, capitalized development
services as well as bad debt losses from Chinese customers.
Dieter Manz, CEO and founder of Manz AG, comments: 'We have put a very
eventful financial year 2012 behind us. Our overall results are
significantly affected by the highly adverse market conditions in the solar
industry as well as substantial special effects in the crystalline PV area.
However, our comprehensive technological portfolio, the strategic
diversification of our company and the transfer of technologies between
industries were proven to be successful and correct. The development in
both, the Display division as well as the new Battery division which was
established last year, was highly satisfactory. This development also
continued at the beginning of the current year. Even though we lagged
behind our initial forecast for 2012 as already expected by the end of the
previous financial year, with a current order backlog of roughly EUR 128
million we expect a double-digit growth in revenues in 2013 and therefore
significant opportunities to improve again our profitability in a
sustainable way. For the Solar division with a share of only just 5% of the
order backlog, the future development of the solar industry holds a
significant upside potential.'
On the one hand, in the financial year 2012 the overall results were
substantially burdened by consequently developing the next generation of
production equipment for crystalline solar cells and thin film solar
modules. On the other hand, the company's competitive position has
strengthened. Manz completed the machinery for the solar industry and
therefore sees very good opportunities to benefit from the next investment
cycle.
The Display segment once again showed aconvincing performance in financial
year 2012. Here, Manz AG is profiting from the increasing integration of
touch panel displays in a rising number of end products as well as from the
booming global demand for tablet computers and smartphones. Revenues were
up 12.9% over the year before, climbing from EUR 98.5 million to EUR 111.3
million. The highest growth rates in the previous financial year were
achieved by the Battery segment with production equipment for manufacturing
lithium ion batteries for automotive industry and stationary energy storage
systems. Revenues increased considerably by 52.7% to EUR 14.5 million
(previous year: EUR 9.5 million). By contrast the Solar division saw a
marked fall in revenues due to the persistent investment restraint and fell
by 77.5% from EUR 72.6 million in the preceding year to EUR 16.4 million.
Therefore the persistent weakness of the solar industry in the financial
year 2012 was also decisive for negative overall group results which were
additional burdened by the special effects also resulting from the crisis
in the solar industry.
Therefore, the group recorded an EBIT of EUR -30.7 million and pre-tax
earnings (EBT) of EUR -32.4 million (previous year: EUR 2.2 million).
Manz AG will publish its final figures for the 2012 reporting period
together with its complete 2012 annual report on 28 March 2013.
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
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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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203854 14.03.2013
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Datum: 14.03.2013 - 07:31 Uhr
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