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Manz AG — Earnings Release 2007
May 24, 2007
273_rns_2007-05-24_6a3bef0e-7939-4f0c-ade5-6d98808a3f69.html
Earnings Release
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News Details
Corporate | 24 May 2007 08:32
Manz Automation AG: Successful start into fiscal year 2007
Manz Automation AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
Reutlingen, May 24, 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, has successfully started
the fiscal year 2007. The Reutlingen-based high-tech engineering company
was able to increase its sales in the first quarter from EUR 7.7 million by
around 65% to EUR 12.7 million. Total output amounted to EUR 14.5 million
(Q1 2006: EUR 10.3 million). Earnings before interest and taxes also soared
in the first quarter of 2007 by 150% to EUR 1.8 million (Q1 2006: EUR 0.7
million). Decisive for the increase in the EBIT margin of 14% (Q1 2006:
9.1%) is the higher proportion of series equipment, especially for the
rapidly growing photovoltaic segment. Manz Automation AG recorded earnings
before taxes (EBT) of EUR 1.8 million in the first quarter of 2007. This
reflects, among others, the substantially improved capital structure, which
reduced the financial result to EUR (0.03) million. Consequently, the
pre-tax margin rose to 13.7%.
In the first quarter, sales were mainly driven by the strong business on
the home market. Manz Automation accomplished 57% of total sales in Germany
thanks to the dynamic growth of the photovoltaic market. The Asian
countries contributed around 28% to total sales. As a result of the strong
order inflow and the adherent need for working capital, the operating cash
flow amounted to EUR (1.4) million. Due to the positive business
development, management confirms the guidance to generate sales of EUR 60 -
63 million in fiscal year 2007 and to reach earnings before interest and
taxes of EUR 6.0 - 6.5 million.
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]