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Manz AG — Earnings Release 2007
Nov 12, 2007
273_rns_2007-11-12_7c7d8074-6e88-474c-8649-b957668a0762.html
Earnings Release
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Corporate | 12 November 2007 08:33
Manz Automation AG successfully continues on-track growth
Manz Automation AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
- Total operating revenue in the first nine months of 2007 up 72%
- EBIT lifts from € 3.7 million to € 6.3 million
Reutlingen, November 12, 2007. Manz Automation AG is one of the world's
leading producers of automation, quality assurance and laser process
technology for the photovoltaic and LCD industry and once again accelerated
the speed of its growth in the first nine months of fiscal year 2007.
According to preliminary results, the Reutlingen-based high-tech
engineering company increased revenues from € 31.65 million in the previous
year to € 46.76 million, up around 48%. Growth in total operating revenue
was even more striking – up around 72% to € 52.29 million (first nine
months of 2006: € 30.44 million).
EBIT in the first three quarters lifted by more than 70% to € 6.28 million
(first nine months of 2006: € 3.66 million). In terms of revenues, this
corresponds to an EBIT margin of 13.4%. The marginal downturn compared to
the first six months of 2007 is due to the growth in staff numbers and
increased R&D spending in order to continue to grow successfully in future.
As a result, the Managing Board is forecasting stable EBIT margins in the
coming quarters as a result of standardized major orders and the resulting
economies of scale. Compared to the first nine months of the previous year,
Manz Automation AG more than doubled its EBT from € 2.94 million to € 6.44
million. The pre-tax margin was thus 13.8% and was up slightly in
comparison to H1 2007. The positive earnings situation also meant that Manz
Automation's equity ratio lifted to around 55% on September 30, 2007. At
the same time, the cash flow from operating activities after the first
three quarters increased to € 5.00 million (first three quarters of 2006: €
2.2 million).
Manz Automation recorded around 38% of its revenues in Germany, with the
Asian region accounting for the same percentage. The systems.solar division
was the clear growth driver in the first nine months, accounting for around
70% of revenues (systems.lcd: 12.4%, systems.aico: 17.8%). The Managing
Board has confirmed its forecasts for the current fiscal year and is
anticipating revenues of € 65-68 million and EBIT of € 8.1-8.5 million. As
a result of the positive order book for fiscal year 2008 the Managing Board
also believes that growth will continue at a great rate of knots in the
coming year.
Company profile
Manz Automation AG develops and manufactures systems and components for
automation, quality assurance and laser process technology. The company's
core competences are to be found in robotics, image processing, laser
technology and control technology. Manz Automation AG thus unites bundled
expertise from elementary technology areas to achieve optimum results for
its customers. The company has three divisions: photovoltaic
(systems.solar), LCD (systems.lcd) and components and OEM systems
(systems.aico) for automation in various sectors of industry. In addition,
Manz Automation AG is planning to equip laboratory systems in the
pharmaceuticals and life science sector with its technology (systems.lab).
Reutlingen-based Manz Automation AG was formed in 1987 and has branches in
the USA, Taiwan, Korea, China and Hungary. In fiscal year 2006 the Manz
group recorded total operating revenue totaling around EUR 44 million, up
almost 50% year-on-year. More than 60% of revenues are recorded abroad, in
particular in Asia.
Shares of Manz Automation AG have been listed on the Frankfurt Stock
Exchanges Entry Standard with ISIN DE000A0JQ5U3 or WKN (German Securities
Code) A0JQ5U since September 22, 2006.
Manz Automation AG
Birte-Christina Benecke
Tel.: +49 (0)7121 – 9000-21
Fax: +49 (0)7121 – 9000-99
e-mail: [email protected]
Investor Relations
cometis AG
Ulrich Wiehle
Tel: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
e-mail: [email protected]