- Nachrichtendetail
-
23.05.2024 07:30:38 - dpa-AFX: EQS-News: Manz AG publishes Annual Report 2023 and preliminary figures for the first quarter of 2024 (english)
Manz AG publishes Annual Report 2023 and preliminary figures for the first
quarter of 2024
EQS-News: Manz AG / Key word(s): Annual Report/Quarter Results
Manz AG publishes Annual Report 2023 and preliminary figures for the first
quarter of 2024
23.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Manz AG publishes Annual Report 2023 and preliminary figures for the first
quarter of 2024
Reutlingen, May 23, 2024 - The Manz AG a global high-tech equipment
manufacturer with an extensive technology portfolio, today published its
annual report for the 2023 fiscal year and preliminary figures for the first
quarter of 2024. In the 2023 fiscal year, the company generated group
revenues of EUR 249.2 million (previous year: EUR 251.0 million) and was
thus able to keep revenues almost stable compared to the previous year
despite strong macroeconomic headwinds. Earnings before interest, taxes,
depreciation and amortization (EBITDA) improved significantly to EUR 14.6
million (previous year: EUR 8.0 million), as did earnings before interest
and taxes (EBIT) to EUR 2.9 million (previous year: EUR -4.2 million).
Positive effects from the exchange of shares in the Customcells Tübingen
GmbH for an investment in the Customcells Holding GmbH contributed to the
improvement in earnings, among other things.
Martin Drasch, CEO of Manz AG, comments: "Looking at the figures for the
past fiscal year, we are naturally not satisfied. However, we performed
quite respectably in a difficult environment and achieved our target of EBIT
growth in the low single-digit positive percentage range. Nevertheless, we
know that Manz can do more. The sustainable growth trends in the markets we
address remain intact. We are certain that we can benefit from this with our
best-in-class solutions. Even if there is cause for optimism, the
macroeconomic environment will remain challenging in the short term in
2024."
Manfred Hochleitner, CFO der Manz AG, adds: "We still have an excellent
market position and can benefit from the megatrends of electrification and
digitalization in the long term with our first-class production solutions
for lithium-ion batteries as well as electronic components and devices.
However, a solid company not only needs first-class products, but also a
stable and resilient financing base. Unfortunately, the necessary evaluation
of the projects on which our planning is based took longer than expected
this year. We apologize for the associated postponement of the publication
of our business figures for 2023."
According to preliminary figures, the Manz AG generated revenues of EUR 51.2
million in the first quarter of the current year, around a third less than
in the same period of the previous year, as expected. Earnings before
interest and taxes (EBIT) were almost balanced at EUR -0.2 million; the
previous year's EBIT of EUR 5.9 million was characterized by a positive
one-off effect of EUR 5.7 million. The reason for the slow start to the 2024
financial year is the company's expectation that customers will delay
investment decisions, particularly in the battery sector. However, the
company believes that this development will have a correspondingly positive
effect on incoming orders, particularly in the second half of 2024.
For the full year 2024, Manz expects an increase in group revenues in the
mid-single-digit percentage range. Revenues in the Mobility & Battery
segment are expected to increase in the low double-digit percentage range
and in the low single-digit percentage range in the Industry Solutions
segment. The EBIT margin in the Group and in both segments is expected to be
in the low positive single-digit percentage range.
Sales, EBITDA and EBIT 2023 compared to the previous year:
The 2023 Annual Report is available at www.manz.com in the Investor
Relations section. The full Q1 2024 quarterly statement will be published on
this website from 29 May 2024.
About Manz AG
As a high-tech engineering company, Manz AG develops best-in-class
production solutions for lithium-ion batteries as well as electronic
components and devices for its customers. Thus, Manz is an innovative
pioneer for the global megatrends of electromobility and digitalization.
Manz covers the entire range of modern production solutions: From customized
individual machines for laboratory production or pilot and small series
production to standardized modules and systems to turnkey lines for
efficient mass production. Customers benefit from high resource efficiency
with higher throughput and shorter time-to-market.
With currently around 1,500 employees, the Manz Group develops and produces
in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales
and service branches in the USA and India.
Manz AG was founded in 1987 and generated revenues of 249.2 million euros in
the 2023 fiscal year with its two segments Mobility & Battery Solutions and
Industry Solutions. The shares (ISIN: DE000A0JQ5U3) are listed on the
regulated market of the Frankfurt Stock Exchange (Prime Standard).
Contact:
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-Mail: abartmann@manz.com
Kirchhoff Consult AG
Mario Groß
Tel.: +49 (0)40 609 186 83
E-Mail: manz@kirchhoff.de
---------------------------------------------------------------------------
23.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1909097 23.05.2024 CET/CEST
quarter of 2024
EQS-News: Manz AG / Key word(s): Annual Report/Quarter Results
Manz AG publishes Annual Report 2023 and preliminary figures for the first
quarter of 2024
23.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Manz AG publishes Annual Report 2023 and preliminary figures for the first
quarter of 2024
* Revenues of EUR 249.2 million in the 2023 fiscal year almost at the
previous year's level
* Group EBIT of EUR 2.9 million in 2023 after EUR -4.2 million in the
previous year
* Revenues of EUR 51.2 million in the first quarter of 2024 with an almost
balanced result
* Forecast for the 2024 financial year confirmed: Group sales expected to
increase by a mid-single-digit percentage with an EBIT margin in the low
single-digit percentage range
Reutlingen, May 23, 2024 - The Manz AG a global high-tech equipment
manufacturer with an extensive technology portfolio, today published its
annual report for the 2023 fiscal year and preliminary figures for the first
quarter of 2024. In the 2023 fiscal year, the company generated group
revenues of EUR 249.2 million (previous year: EUR 251.0 million) and was
thus able to keep revenues almost stable compared to the previous year
despite strong macroeconomic headwinds. Earnings before interest, taxes,
depreciation and amortization (EBITDA) improved significantly to EUR 14.6
million (previous year: EUR 8.0 million), as did earnings before interest
and taxes (EBIT) to EUR 2.9 million (previous year: EUR -4.2 million).
Positive effects from the exchange of shares in the Customcells Tübingen
GmbH for an investment in the Customcells Holding GmbH contributed to the
improvement in earnings, among other things.
Martin Drasch, CEO of Manz AG, comments: "Looking at the figures for the
past fiscal year, we are naturally not satisfied. However, we performed
quite respectably in a difficult environment and achieved our target of EBIT
growth in the low single-digit positive percentage range. Nevertheless, we
know that Manz can do more. The sustainable growth trends in the markets we
address remain intact. We are certain that we can benefit from this with our
best-in-class solutions. Even if there is cause for optimism, the
macroeconomic environment will remain challenging in the short term in
2024."
Manfred Hochleitner, CFO der Manz AG, adds: "We still have an excellent
market position and can benefit from the megatrends of electrification and
digitalization in the long term with our first-class production solutions
for lithium-ion batteries as well as electronic components and devices.
However, a solid company not only needs first-class products, but also a
stable and resilient financing base. Unfortunately, the necessary evaluation
of the projects on which our planning is based took longer than expected
this year. We apologize for the associated postponement of the publication
of our business figures for 2023."
According to preliminary figures, the Manz AG generated revenues of EUR 51.2
million in the first quarter of the current year, around a third less than
in the same period of the previous year, as expected. Earnings before
interest and taxes (EBIT) were almost balanced at EUR -0.2 million; the
previous year's EBIT of EUR 5.9 million was characterized by a positive
one-off effect of EUR 5.7 million. The reason for the slow start to the 2024
financial year is the company's expectation that customers will delay
investment decisions, particularly in the battery sector. However, the
company believes that this development will have a correspondingly positive
effect on incoming orders, particularly in the second half of 2024.
For the full year 2024, Manz expects an increase in group revenues in the
mid-single-digit percentage range. Revenues in the Mobility & Battery
segment are expected to increase in the low double-digit percentage range
and in the low single-digit percentage range in the Industry Solutions
segment. The EBIT margin in the Group and in both segments is expected to be
in the low positive single-digit percentage range.
Sales, EBITDA and EBIT 2023 compared to the previous year:
in EUR million 2023 2022
Group revenues 249.2 251.0
Mobility & Battery Solutions 91.1 92.3
Industry Solutions 158.0 158.6
Group EBITDA 14.6 8.0
Mobility & Battery Solutions 4.6 -7.3
Industry Solutions 10.0 15.2
Group EBIT 2.9 -4.2
Mobility & Battery Solutions -0.5 -12.5
Industry Solutions 3.4 8.3
The 2023 Annual Report is available at www.manz.com in the Investor
Relations section. The full Q1 2024 quarterly statement will be published on
this website from 29 May 2024.
About Manz AG
As a high-tech engineering company, Manz AG develops best-in-class
production solutions for lithium-ion batteries as well as electronic
components and devices for its customers. Thus, Manz is an innovative
pioneer for the global megatrends of electromobility and digitalization.
Manz covers the entire range of modern production solutions: From customized
individual machines for laboratory production or pilot and small series
production to standardized modules and systems to turnkey lines for
efficient mass production. Customers benefit from high resource efficiency
with higher throughput and shorter time-to-market.
With currently around 1,500 employees, the Manz Group develops and produces
in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales
and service branches in the USA and India.
Manz AG was founded in 1987 and generated revenues of 249.2 million euros in
the 2023 fiscal year with its two segments Mobility & Battery Solutions and
Industry Solutions. The shares (ISIN: DE000A0JQ5U3) are listed on the
regulated market of the Frankfurt Stock Exchange (Prime Standard).
Contact:
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-Mail: abartmann@manz.com
Kirchhoff Consult AG
Mario Groß
Tel.: +49 (0)40 609 186 83
E-Mail: manz@kirchhoff.de
---------------------------------------------------------------------------
23.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
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: 1909097
End of News EQS News Service
---------------------------------------------------------------------------
1909097 23.05.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
MANZ AG | A0JQ5U | Xetra | 7,280 | 14.06.24 17:36:03 | +0,060 | +0,83% | 0,000 | 0,000 | 7,220 | 7,280 |
