FRANKFURT (dpa-AFX) - Hopes of better business times revived investor interest in Manz shares on Tuesday. The share price recently jumped by more than a quarter and the recovery gathered momentum. The shares had recently stabilized after a steady downward trend since 2021. At the end of October, they fell below 10 euros for the first time in their history. They have now managed to regain this level.

Analyst Adrian Pehl from Stifel Research spoke of an "expectedly weak third quarter" with turnover falling by 18% compared to the previous year. However, experts see positive aspects in the details, because according to Pareto Research, the mechanical engineering company's figures for the third quarter were of secondary importance.

"The positive news is that liquidity has improved," wrote Stifel expert Pehl in a commentary. In his opinion, this is also due to the active management of working capital.

Pareto, on the other hand, said that the company's confirmed outlook was encouraging, even if it now expects to reach the lower end of the target ranges for the financial year. Stifel expert Pehl also described it as "not surprising" that Manz is aiming for the weaker side of the outlook.

Pehl mentioned that the management's tone regarding incoming orders remains optimistic. "We will benefit significantly from the massive demand for battery systems and electronic components in the short term, but also in the medium and long term, and will partially compensate for the temporary weakness in incoming orders by the end of the year," said Group CEO Martin Drasch according to the press release. This gives hope for the final quarter, according to analyst Pehl./tih/bek/mis