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Manz AG — Earnings Release 2007
Aug 6, 2007
273_rns_2007-08-06_295c57dc-ea0d-41dc-a3a5-75152ff96e58.html
Earnings Release
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News Details
Corporate | 6 August 2007 08:18
Manz Automation AG: Significant growth in H1 2007
Manz Automation AG / Half Year 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 up more than 50% to € 30.94 million
- EBIT up 63% to € 3.88 million
Reutlingen, August 06, 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 again recorded
substantial growth in the first six months of 2007. According to
preliminary results, the Reutlingen-based high-tech engineering company
increased sales from € 20.00 million in H1 2006 to € 28.07 million. Total
operating revenue increased by around 52% to € 30.94 million (previous
year: € 20.38 million).
In the first six months, EBIT also climbed significantly by more than 63%
to € 3.88 million (previous year: € 2.37 million). The EBIT margin, which
has increased to 13.8% (previous year: 11.9%), is primarily due to the
increasing standardization of the equipment produced, in particular in the
high-growth solar sector. Especially in this segment Manz Automation has
been able to set international trends and standards. Compared to H1 2006,
pre-tax earnings (EBT) doubled to € 3.85 million (previous year: € 1.90
million). The pre-tax margin thus lifted to 13.7%. At the same time, Manz
Automation's profits also doubled to € 2.40 million, compared to € 1.22
million in the first six months of the previous year. This corresponds to
earnings per share of € 0.73.
The cash flow from operating activities also increased substantially to €
5.08 million (H1 2006: € -3.24 million). This is also due to the advance
payments received for major orders. As a result of the continued high order
book totaling more than € 80 million, the Managing Board has confirmed its
forecast for 2007. Manz Automation aims to record increased revenues of €
65 – 68 million with EBIT of € 8.1 – 8.5 million.
The final H1 figures will be published together with the half-year report
on August 24, 2007.
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]