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Manz AG — Earnings Release 2008
Jun 5, 2008
273_rns_2008-06-05_bb65022c-69bb-4a23-b391-dd8097ebdc85.html
Earnings Release
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News Details
Corporate | 5 June 2008 07:27
Manz receives new orders totalling EUR 65 million and lifts forecasts for fiscal year 2008
Manz Automation AG / 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.
- New orders for laser scribing systems for the production of thin-film
solar modules drive corporate growth - Revenue forecast for fiscal year 2008 lifted to EUR 235 – 240 million
with sustained EBIT growth
Reutlingen, June 5, 2008. The Manz Group, a leading technology provider in
terms of its market shares for systems and components for automation,
quality assurance and laser process technology for the photovoltaic
industry as well as automation and wet chemical process systems for the LCD
industry, has received new orders with a total volume of EUR 65 million.
The orders comprise the delivery of machines for the production of
thin-film solar modules and crystalline solar cells. A key component of
this order is the supply of laser scribing systems for the production of
thin-film solar modules, underscoring the Manz Group's global leadership
for these systems. The machines will be shipped to customers in both 2008
and 2009. CEO Dieter Manz is very pleased about the successful order book,
which is enjoying dynamic growth: 'Once again, our strong technological
competence and high quality was a key factor in winning these new orders.
In view of the dynamic growth on the thin-film market, which experts
believe will double each year, we are very optimistic that we will also be
able to expand our market leadership for laser scribing systems in future.'
The Manz Group's order book has thus increased to more than EUR 220
million. For the first time, more than half of the order book is generated
by the business unit thin-film. As the order book will already impact
revenues and earnings in fiscal year 2008, the Managing Board has lifted
its revenue forecast to EUR 235 – 240 million (previously: EUR 210 – 215
million) for the current fiscal year. In addition, the Managing Board
expects a sustained increase in EBIT.
Company profile
Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3), together with its
subsidiaries, is one of the leading global technology providers in terms of
market shares for systems and components for automation, quality assurance
and laser process technology for the photovoltaic industry as well as for
automation and wet chemicals for the LCD industry. The Manz Group’s core
competences are in robotics, image processing, laser technology, wet
chemicals as well as control and drive technology. The Manz Group’s key
strategic divisions are photovoltaic (systems.solar), LCD (systems.lcd) and
components and OEM systems (systems.aico) for automation in various
industrial sectors and the life science industry. The Manz Group has sales
and/or service branches in Germany, Taiwan, the USA, South Korea, China,
Spain, Hungary and Slovakia, as well as a service alliance in India. In
addition, the Manz Group has its own production facilities in Germany,
Slovakia, Hungary, Taiwan and China. The Manz Group recorded revenues in
fiscal year 2007 totaling around EUR 71.2 million with an EBIT margin of
14.1%. More than 57% of revenues were generated abroad, in particular in
Asia. In the first quarter of fiscal year 2008 the Manz Group realized
revenues of EUR 38.6 million and an EBIT margin of 14.5%.
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]