Manz AG — Earnings Release 2010

Apr 29, 2010

News Details

Corporate | 29 April 2010 07:59

Manz Automation AG publishes preliminary 3-month figures for 2010

Manz Automation AG / Preliminary Results/Quarter Results

29.04.2010 07:59

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

• Revenues of EUR 21.3 million in Q1 2010 (previous year: EUR 16.5 million)
• EBIT of EUR -3.3 million recorded after EUR -5.0 million last year
• Order book soars to EUR 87.3 million
• Revenues forecast to increase by at least 50% for 2010 as a whole

Reutlingen, April 29, 2010 - Manz Automation AG, one of the world's leading
technology providers for the photovoltaic and flat panel display (FPD)
industries, recorded revenues of EUR 21.3 million in the first quarter of
2010 according to preliminary figures (previous year: EUR 16.5 million). At
the same time, the Manz Group recorded total operating revenue of EUR 34.3
million, compared to EUR 21.3 million in the same period of the previous
year. This figure is thus up by around 61% year-on-year.

In the first three months EBIT totaled EUR -3.3 million (previous year: EUR
-5.0 million). The loss was lower in earnings before taxes (EBT) at EUR
-3.2 million due to the positive financial result, compared to EUR -4.9
million in the same period of the previous year. This results in
consolidated net income for the period of EUR -2.7 million (previous year:
EUR -4.7 million). The cash flow from operating activities totaled EUR -8.0
million in the period under review (previous year: EUR 5.25 million).

Since the start of the fiscal year, Manz Automation has been able to
acquire orders with a volume of more than EUR 59.6 million, taking the
current order book to EUR 87.3 million. The new orders are not yet
reflected in the figures for the first quarter, however they will lead to
significant improvements in revenues and earnings during the course of the
year. Irrespective of this, the company continues to have a very solid
balance sheet structure to finance its future growth. The equity ratio on
the balance sheet date totaled 79.9%, and the company had cash and cash
equivalents of around EUR 73.3 million on the reporting date.

As a result of the improved operating business, the Managing Board is
forecasting revenues to lift by at least 50% year-on-year for 2010 as a
whole (total revenues in 2009: EUR 85.9 million). Depending on the further
developments on the market, in particular for thin-film technology, the
Managing Board believes that there is potential to even exceed these
targets.

Dieter Manz, Manz Automation AG's CEO, describes the positive outlook on
the market for Manz: 'We are confident about fiscal year 2010. In
particular the up-and-coming FPD market in Asia is highly promising. Our
new products for the solar industry are also meeting with excellent
feedback from our customers, as they offer manufacturers highly effective
solutions to deal with increasing cost pressure.'

The full report for the first three months of 2010 will be published on May
11, 2010 and can be downloaded from www.manz-automation.com in the Investor
Relations section.

Company profile: Manz Automation AG

Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the
world's leading technology providers for production systems in the
photovoltaic industry, the FPD industry and for Li-ion battery production.
The Manz Group's core competences are in robotics, image processing, laser
technology, quality assurance, metallization, wet chemicals as well as
control and drive technology. In-depth research and development activities
mean that Manz Automation now ranks among the world's technology leaders in
these segments. The Manz Group has sales and service branches in Germany,
Taiwan, the USA, China, South Korea, India and Spain. In addition, the Manz
Group has its own production facilities in Germany, Slovakia, Hungary,
Taiwan and China.

Investor relations contact:

cometis AG
Ulrich Wiehle / Dominic Großmann
Tel.: +49 (0)611 - 205855-15
Fax: +49 (0)611 - 205855-66
E-Mail: grossmann@cometis.de

29.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Manz Automation AG
Steigäckerstr. 5
72768 Reutlingen
Deutschland
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: info@manz-automation.com
Internet: http://www.manz-automation.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

---