Manz AG with positive earnings development in the first half of 2021
DGAP-News: Manz AG
/ Key word(s): Half Year Results
Manz AG with positive earnings development in the first half of 2021
Martin Drasch, CEO of Manz AG, comments: "The mobility revolution is rapidly gaining momentum. The automotive industry is therefore currently undergoing a fundamental transformation. More and more leading manufacturers have communicated the clear goal of eliminating the combustion engine from their product range in the next five to ten years. As a result, the required battery and production capacities will increase rapidly. As a high-tech equipment manufacturer with innovative and efficient production solutions for the manufacture of all common li-ion cell and module formats, we will benefit from this in the coming years. This is also reflected in the further increase in interest in our machines in the first half of 2021, which is reflected in a continuing good order situation and a pleasing development in sales and earnings in the Energy Storage segment." Looking at the individual segments, the Solar segment was significantly impacted in the first half of 2021 by the customer-related interruption of work on the CIGS projects in China. In the second quarter, the Electronics segment reflected the increasing business activities for display and FOPLP production equipment in Asia as well as the project progress for assembly solutions for cell contacting systems. The Service segment developed in line with expectations. The Contract Manufacturing segment made a significant contribution to the profitable result, also due to the earnings effect of around 14 million euros from the sale of shares in Talus Manufacturing Ltd. in the first quarter. The Energy Storage segment showed dynamic development, although customers postponed investment decisions until the second half of 2021. Revenues and earnings increased significantly, while order intake remained at the high level of the prior year. The cooperation with GROB-WERKE GmbH & Co.KG concluded in April further improves the business prospects of both companies for production solutions for lithium-ion battery cells and modules for e-mobility. The success of Manz AG's consistent focus in the Energy Storage segment is also underscored by the European Commission's funding, also received in April, for the further development of lithium-ion battery technology as part of the Important Projects of Common European Interest ("IPCEI"). Thanks to the good order situation and the very positive prospects on the market for e-mobility, the Managing Board of Manz AG is optimistic about further business development in the current fiscal year and beyond. Across all segments, incoming orders totaled 124.2 million euros (previous year: 124.2 million euros). At 191.1 million euros, the order backlog was at an improved level compared to the same period of the previous year (previous year: 167.5 million euros). Revenues, EBITDA and EBIT H1 2021 year-on-year
Manz AG - passion for efficiency With a focus on the automotive industry and electromobility, battery production, electronics, energy, and medical technology, Manz develops and builds innovative and efficient production solutions: From customized single machines for laboratory production or pilot and small series production, to standardized modules and systems, to turnkey lines for mass production. Technologically, Manz's production equipment is based on many years of experience in automation, laser processing, inspection systems, and wet chemistry. With currently around 1,400 employees, the Manz Group develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. Sales and service subsidiaries also exist in the USA and India. Manz AG was founded in 1987 and has been listed on the Frankfurt Stock Exchange since 2006. In fiscal year 2020, the Group generated revenues of around 237 million euros.
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05.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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@manz.com |
Internet: | http://www.manz.com |
ISIN: | DE000A0JQ5U3 |
WKN: | A0JQ5U |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1224135 |
End of News | DGAP News Service |
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1224135 05.08.2021