DGAP-News: Manz AG: Further upgrade to revenue forecast after positive Q3 2013
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Quarter Results
Manz AG: Further upgrade to revenue forecast after positive Q3 2013
11.11.2013 / 07:34
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Manz AG: Further upgrade to revenue forecast after positive Q3 2013
- Revenue after nine months of 2013 already ahead of 2012 total revenue
- Revenue growth of around 44% to EUR 213.0 million during first nine
months
- EBIT of EUR 5.2 million confirms profitable growth trend
- Record revenue of between EUR 260 million and EUR 270 million forecast
along with positive EBIT
Reutlingen, November 11, 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 nine months of 2013. Following
positive business progress during the first half of 2013, Manz AG continued
this trend during the third quarter. During July and September 2013, Manz
generated EUR 75.2 million of revenue, thereby lifting total revenue in the
first nine months of 2013 by 44.2% to EUR 213.0 million (previous year: EUR
147.7 million). As a consequence, the company generated the highest revenue
level in its history during the first three quarters, and is already
significantly (16.0%) ahead of its revenue level for the full 2012 year.
Despite large investments in the solar segment earnings before interest and
tax (EBIT) also registered a considerable year-on-year increase of around
EUR 8.7 million to reach EUR 5.2 million, representing a 2.4% EBIT margin
(previous year: EUR -3.5 million). The consolidated net result also
improved markedly year-on-year as a consequence, standing at a profit of
EUR 0.4 million (previous year: EUR -7.3 million). As a result of this
positive business trend, Manz AG is increasing its revenue forecast for the
full 2013 year up to between EUR 260 million and EUR 270 million,
accompanied by continued profitability at the EBIT level.
Dieter Manz, CEO and founder of Manz AG, expressed his great satisfaction
with this corporate development: 'The positive revenue and earnings trend
for the third quarter reflects the sustainability of our business success.
Especially given the high level of our investments in the future technology
of photovoltaics, the EBIT of EUR 5.2 million reflects the strength of our
business model. Our EBIT margin even is above 10% when adjusted for this
figure. We identify excellent opportunities for continued profitable
corporate growth over the coming years with our strong market positioning
as one of the world's leading high-tech engineering companies in the
display sector, and the marked upside potential in promising future growth
markets for photovoltaics and lithium-ion batteries.'
The driving factor behind this throughout positive trend is the successful
implementation of the diversification strategy through which the business
model of Manz AG has gained additional stability, and which has opened up
new growth opportunities for the company. The high-growth Display segment
proved very successful during the first nine months of 2013 in this
context. As an established and sought-after high-tech engineer in the
display sector, Manz AG delivers to numerous Asian electronics industry
suppliers as well as renowned and globally-leading smart phone and tablet
manufacturers. In the future market for lithium-ion batteries, not least
the order received in the third quarter from the renowned Centre for Solar
Energy and Hydrogen Research Baden-Württemberg (ZSW) for a research
production line underscores the strong position of Manz AG as Germany's
leading engineering company in this market.
In terms of operating segments, the greatest revenue share was generated in
the Display segment in the first nine months of 2013 at EUR 139.3 million,
or 65.4% (previous year: EUR 94.0 million). This represents 48.2%
year-on-year revenue growth. Manz achieved revenue of EUR 7.4 million
through the sale of lithium-ion battery production equipment, an 18.6%
increase compared with the previous year's EUR 6.2 million. Revenue of EUR
7.5 million was generated in the Solar segment (previous year: EUR 14.9
million). A total of EUR 45.5 million was attributable to the Printed
Circuit Boards/OEM reporting segment (previous year: EUR 19.4 million) and
EUR 13.4 million to the segment Others (previous year: EUR 13.2 million).
With a look to the future, Dieter Manz believes that the company is
pursuing an optimal course: 'At prospectively EUR 260 million to EUR 270
million, we will achieve record revenue during this financial year. At the
same time, we have created the essential preconditions for sustainable and
profitable growth with our corporate strategy and our internal processes to
optimise costs and structures. Our long-term objective is to again generate
double-digit EBIT margin - and given our current business growth, our
strong market position and excellent prospects in all three strategic
target sectors, we are confident that we will also achieve this. In order
to strengthen our newest segment Battery, in particular, we also not
exclude an acquisition in this area.'
The full report for the first nine 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
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: ManzAG
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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