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Manz AG — Earnings Release 2007
Jun 12, 2007
273_rns_2007-06-12_f32ea146-832f-40fa-b6c7-afbc28166b00.html
Earnings Release
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News Details
Corporate | 12 June 2007 08:35
Manz Automation AG again increases sales and earnings forecast for 2007
Manz Automation AG / Results Forecast
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.
Reutlingen, June 12, 2007. Manz Automation AG, one of the world’s leading
producers of automation solutions, quality assurance and laser process
technology for the photovoltaic and LCD industry, again increases its
forecast for the current fiscal year 2007. The company acquired further new
orders in the crystalline and thin film solar cells divisions, so that the
order volume rose to over EUR 80 million at the end of May 2007. The
executive board now expects sales in the amount of EUR 65 million to EUR 68
million for the fiscal year 2007. The EBIT guidance correspondingly
increases to between EUR 8.1 million and EUR 8.5 million. As recently as
May, the company had set a sales objective between EUR 60 million and EUR
63 million as well as EBIT of EUR 6.0 million to EUR 6.5 million. The
increased guidance corresponds with an increase in sales of over 50%
compared to the previous fiscal year (2006: EUR 44 million)
On average, the production time for orders lies between six and nine
months. Thus, the lion’s share of the current order volume will already
take effect within the current fiscal year. Thanks to the strong growth
forecast for the entire market, especially photovoltaics, the
Reutlingen-based engineering company still expects significant double-digit
growth rates with sales and earnings for the coming fiscal year 2008.
Information and Explaination of the Issuer to this News:
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
approx. 50% year-on-year. More than 60% of revenues were 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.
Contact
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]