DGAP-News: Manz AG achieves significant revenue and earnings leap in Q2 2013
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Half Year Results
Manz AG achieves significant revenue and earnings leap in Q2 2013
13.08.2013 / 07:35
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Manz AG achieves significant revenue and earnings leap in Q2 2013
- Q2 2013 with EUR 87.9 million strongest quarterly revenue in company's
history
- H1 2013 revenue growth of around 26% to EUR 137.8 million
- EBIT of EUR 3.8 million achieved in the first six months of 2013
- Continued high order book position of over EUR 100 million
- Full-year forecast specified: revenue between EUR 250 million and EUR
260 million and positive EBIT expected
Reutlingen, August 13, 2013 - Manz AG, one of the world's leading high-tech
engineering companies with an extensive technology portfolio in its three
strategic business units 'Display', 'Solar' and 'Battery', has today
published its results for the first half of 2013. The company significantly
accelerated its revenue and earnings growth in the second quarter of 2013,
thereby clearly achieving its targets set. Manz generated EUR 87.9 million
of revenue during April and June 2013 - the highest quarterly revenue to
date in the company's history. Earnings before interest and tax (EBIT)
amounted to EUR 5.2 million during the same period, representing a 5.9%
EBIT margin. In the first half of 2013, revenue accordingly registered a
marked increase of 26.2%, from EUR 109.2 million in the prior-year period
to EUR 137.8 million. The structural and cost-optimisation measures that
had been launched already in the previous year are also increasingly
showing positive effects. Operating EBIT consequently improved to EUR 3.8
million in the first half of the year (previous year: EUR 1.1 million).
The high-growth Display division was the main driver of this successful
growth during the first six months. Manz AG has established itself as a
sought-after high-tech engineering company in the display sector,
delivering numerous Asian electronics industry suppliers as well as serving
renowned and globally-leading smart phone and tablet manufacturers. In the
Battery division, too, Manz is now the by-far leading European manufacturer
of machines and systems for the manufacturing of lithium-ion batteries.
Dieter Manz, CEO and founder of Manz AG, summarises the first half of the
year as follows: 'Thanks to our continuous technology transfer in our
target sectors of Display, Solar and Battery, we have given additional
stability to our business model, and opened up new growth opportunities for
ourselves, which we are exploiting consistently. Following a solid start to
the year, we gained significant momentum during the second quarter,
reporting the strongest quarter in the company's history in terms of
revenue. We are thereby once again underscoring our successful market
position as one of the world's leading high-tech engineers in promising
growth sectors of the future.'
In terms of segments, in the first half of 2013 the largest revenue share
was generated in the Display segment at EUR 84.8 million, or 61.5%
(previous year: EUR 71.5 million), along with EBIT of EUR 10.1 million, or
11.9%. This represents 18.5% year-on-year revenue growth. Manz achieved
revenue of EUR 4.9 million through the sale of lithium-ion battery
production equipment, a 47.8% increase compared with the previous year's
EUR 3.3 million. Revenue of EUR 4.7 million was generated in the Solar
segment (previous year: EUR 13.1 million). A total of EUR 33.7 million was
attributable to the PCB/OEM reporting segment (previous year: EUR 11.9
million) and EUR 9.6 million to the segment Others (previous year: EUR 9.3
million).
Dieter Manz also takes a very positive view of the second half of the year,
and specified the 2013 full-year forecast: 'The successful implementation
of our diversification strategy and the measures that we have taken to
optimise our cost structure are showing significant successes. We have
thereby created important preconditions for sustainable and profitable
growth at Manz AG. Developments in our strategic target branches of Display
and Battery also make us optimistic, and the first signs of recovery are
also evident in the Solar segment. Our high order backlog and excellent
market prospects form an outstanding basis for a successful 2013 financial
year. Overall, we consequently anticipate full-year revenue of between EUR
250 million and EUR 260 million and a profit at the EBIT level. Therefore,
we will also achieve record revenue on a full-year basis.'
The full report for the first six months of 2013 can be downloaded from the
company's website at www.manz.com within the 'Investor Relations' Area.
Company profile:
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, Slovakia, and Hungary. Manz also has sales and
service offices in the United States 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 contact
cometis AG
Ulrich Wiehle / Claudius Krause
Phone: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-Mail: krause(at)cometis.de
Public Relations contact
Manz AG
Axel Bartmann
Phone: +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: A0JQ5UListed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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