AI assistant
Manz AG — Earnings Release 2006
Feb 27, 2007
273_rns_2007-02-27_24de62cc-f582-4856-91c8-a2eef432d0d2.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Corporate | 27 February 2007 09:01
Manz Automation AG publishes preliminary figures for 2006
Manz Automation AG / Final Results
Release of a Corporate-announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Manz Automation AG publishes preliminary figures for 2006
o Sales and EBIT up almost 50%
o Net income increases by 60% to € 2.8 million
o Growth rate of at least 25% forecast for fiscal year 2007
Reutlingen, February 27, 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 recorded substantial
sales and profit growth last fiscal year. According to preliminary figures,
sales soared to € 43.8 million, up 49.5% year-on-year (€ 29.3 million).
EBIT was also up by around 50% from € 3.3 million to € 4.9 million. The
high-tech engineering company booked net income of € 2.8 million, up by
around 60% compared to fiscal year 2005.
CEO Dieter Manz is very pleased with this growth: 'Our figures reflect the
dynamic developments on the high-growth photovoltaic market. That makes us
confident that we will be able to grow again substantially this fiscal
year!' In total, the systems.solar division made an above average
contribution to Manz Automation AG’s growth, with a share of 43% of total
sales. The systems.lcd division accounted for 33% of sales, and
systems.aico accounted for 24%.
The company recorded a cash flow from operating activities of € 2.5 million
in fiscal year 2006 (2005: € 3.3 million). This is down slightly
year-on-year as a result of the significant increase in working capital
required as a result of the dynamic growth. Equity enjoyed a substantial
improvement, increasing to € 21.7 million, in particular as a result of the
capital increase as part of the IPO. This corresponds to an equity ratio of
53%. That means that Manz Automation’s enjoys highly stable capitalization
to finance further growth. As a result of the continued high order book of
around € 45 million, the Managing Board expects that sales will increase by
at least 25% to € 55-58 million. In addition, the company is forecasting a
double-digit EBIT margin. As a result of the increasing proportion of
series equipment for the photovoltaic market, the Managing Board believes
that there is further potential to increase Manz Automation’s profitability
at an above-average rate.
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 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.
Investor relations contact
Manz Automation AG
Birte-Christina Benecke
Tel.: +49 (0)7121 – 9000-21
Fax: +49 (0)7121 – 9000-99
E-mail: [email protected]
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
E-mail: [email protected]