Manz AG responds to market environment and reviews efficiency program

EQS-Ad-hoc: Manz AG / Key word(s): Forecast
Manz AG responds to market environment and reviews efficiency program

27-Jun-2024 / 09:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Manz AG: Manz AG responds to market environment and reviews efficiency
program

- Noticeable slowdown in the European electromobility market

- Adjustment of 2024 forecast: revenue and earnings significantly below
previous year

- Streamlining of processes and structures, cost reductions planned

Reutlingen, June 27, 2024 - The Manz AG, a global high-tech equipment
manufacturer with an extensive technology portfolio, is planning to
introduce a comprehensive efficiency program due to ongoing challenges in
its direct market environment.

The market environment for the German mechanical and plant engineering
sector did not stabilize as expected over the course of the second quarter
of 2024. The reluctance of European customers to make new investments,
particularly in the area of battery production, has increased significantly
in recent weeks. This has led to Manz AG's order intake falling short of
expectations. The Managing Board does not expect any noticeable improvement
in the market environment within the next few months, meaning that the weak
order intake to date is unlikely to be compensated for in the second half of
2024.

Following a comprehensive analysis, this has prompted the Managing Board to
reassess the business situation. It now assumes that sales and earnings for
2024 as a whole will be significantly below the previous year's level and
that the original forecast will not be achieved. The decline will primarily
affect the Mobility & Battery Solutions segment. The Industry Solutions
segment still has a higher order backlog from the previous year, meaning
that business development in this segment should be more solid in 2024.

The Managing Board and Supervisory Board are examining various alternatives
in order to respond to these challenges with an action plan, the specific
details of which will be defined and published in the coming weeks following
the completion of an analysis process. The aim is to improve operating
performance, streamline processes and structures and further reduce costs.


End of Inside Information

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Information and Explanation of the Issuer to this announcement:

ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker Symbol: M5Z
Market segment: Regulated Market (Prime Standard) of the Frankfurt Stock
Exchange

Manz AG
Steigaeckerstraße 5
72768 Reutlingen
Germany

Investor Relations Contact:

Manz AG
Katrin Neuffer
Tel.: +49 (0)7121 - 9000-395
E-Mail: investor-relations@manz.com

Kirchhoff Consult AG
Michael Werneke
Tel.: +49 (0)40 - 609 186 68
E-Mail: manz@kirchhoff.de


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27-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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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@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:    1934213

End of Announcement EQS News Service
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1934213 27-Jun-2024 CET/CEST