NOVEMBER 08, 2022 - MARTIN DRASCH, CEO / MANFRED HOCHLEITNER, CFO
FINANCIAL FIGURES 9M 2022
FINANCIAL FIGURES 9M 2022
Conference Call Financial Figures 9M 2022
INCOME STATEMENT 9M 2022
In EUR m | 9M/2022 | 9M/2021 * | Change in % |
Revenues | 191.4 | 163.6 | +17.0 |
Total Operating Performance | 211.5 | 171.0 | +23.7 |
Other Operating Income | 19.4 | 20.0 | -3.0 |
Cost of Materials | -127.9 | -92.8 | -37.9 |
Personnel Expenses | -60.2 | -56.8 | -6.0 |
Other Operating Expenses | -35.1 | -23.5 | -49.5 |
Result from equity accounted investments | -0.8 | -0.1 | -468.1 |
EBITDA | 6.8 | 17.7 | -61.7 |
Amortization/Depreciation | -8.6 | -9.0 | +4.8 |
EBIT | -1.8 | 8.7 | -120.9 |
EBT | -3.0 | 7.6 | -139.4 |
Consolidated net profit | -4.3 | 4.2 | -202.6 |
* Previous year's figures were positively influenced by the sale of shares in Talus Manufacturing Ltd. amounting to EUR 14.5 million
- Growth in revenues of 17% compared to prior-year period
- Other operating income positively impacted by currency effects
- Strong increase in material costs as a result of make-or- buy strategy and thus increasingly purchased external services for individual projects
- Higher personnel costs due to recruitment of highly specialized staff for the further development of the battery technology
- EBITDA of EUR 6.8 million corresponds to an EBITDA margin of 3.2% (previous year *: 10.4 %)
- EBIT of EUR -1.8 million corresponds to EBIT margin of -0.9% (previous year *: 5.1 %)
Conference Call Financial Figures 9M 2022
BALANCE SHEET
In EUR m
Current Assets
Non-
Current
Assets
341.2 341.2
240.2 | 199.2 |
70.4% | 58.4% |
31.1 | |
9.1% | |
101.0 | 110.9 |
29.6% | 32.5% |
Assets | Liabilities & |
Equity |
Current
Liabilities
Non-Current liabilities
Equity
Sept 30, | Dec. 31, | Change | ||
Definition | 2022 | 2021* | ||
Equity Ratio | Equity ÷ | 32.5% | 30.3% | +2.2pp |
Balance sheet total | ||||
Net Working Capital | Current assets | |||
(in EUR m) | ./. Liquid funds | 48.7 | 24.2 | +101.0% |
./. Non-interest-bearing | ||||
current liabilities | ||||
Net Debt | Interest bearing liabilities | 15.7 | 13.2 | +18.7% |
(in EUR m) | ./. Liquid funds | |||
- Increase of balance sheet total to EUR 341.2 million as of September 30, 2022 (Dec. 31, 2021: EUR 285.7 million) mainly due to increase in down payments for projects and increased purchase prices for running projects (increase of inventories)
- Increase of equity ratio to 32.5% (Dec. 31, 2021: 30.3%) reflects acquisition of stake in Manz of Daimler Truck AG
- Net debt increased to EUR 15.7 million (Dec. 31, 2021: EUR 13.2 million) due to increase in short term loans for 2 subsidiaries
* Previous year's figures were adjusted after restatement due to additional impairment made on a contract asset.
08.11.2022 4
Conference Call Financial Figures 9M 2022
CASH FLOW
In EUR m
36.1 | 37.1* |
-14.1 | ||||
31.2 | ||||
-17.0 | ||||
+2.8% | ||||
Cash | CF from Operating | CF from Investing | CF from Financing | Cash |
Jan. 1, 2022 | Activities | Activities | Activities | Sept. 30, 2022 |
69.7 | -30.8 | 32.6 | -20.7 | 51.7** |
Jan. 1, 2021 | Sept. 30, 2021 |
- Increase of Cash Flow from operating activities due to effect of sale of shares in Talus Manufacturing Ltd in previous year.
- Decrease of Cash flow from investing activities results from the investment in intangible assets. Previous year's figures were positively influenced by the sale of shares in Talus Manufacturing Ltd.
- Increase of Cash flow from financing activities reflect acquisition of stake in Manz of Daimler Truck AG in the course of a capital increase
- The change in cash equivalents from Jan. 1, 2022 to Sept 30, 2022 results from the items net change in cash funds EUR m 0,1 and effect of exchange rate movements on cash EUR m 0,9.
- The change in cash equivalents from Jan. 1, 2021 to Sept 30, 2021 results from the items net change in cash funds EUR m -18,9 and effect of exchange rate movements on cash EUR m 0,9.
08.11.2022 5
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Manz AG published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 10:33:02 UTC.