MANZ AG
DGAP-News: Manz AG / Key word(s): Quarterly / Interim Statement
Manz AG with positive earnings development in the first three months of 2021
2021-05-04 / 07:31
The issuer is solely responsible for the content of this announcement.
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Manz AG with positive earnings development in the first three months of 2021
- EBITDA doubled year-on-year to 14.3 million euros
- EBIT more than tripled to 11.5 million euros (3M 2020: 3.5 million euros)
- Revenues of 50.9 million euros below previous year's level
- Strong performance of the Energy Storage segment
Reutlingen, May 04, 2021 - Manz AG, a globally active high-tech equipment manufacturer with a comprehensive technology
portfolio, is able to report positive consolidated earnings in the first quarter of 2021 as a result of the positive
earnings contributions from the Energy Storage and Contract Manufacturing segments, despite ongoing challenges in the
wake of the COVID-19-pandemic, further revenue shifts in the Solar segment and a difficult market environment for
display equipment. Revenues in the first three months of 2021 totaled 50.9 million euros, down 17.4% year-on-year.
Earnings before interest, taxes, depreciation and amortization (EBITDA), including the effects from the sale of shares
in Talus Manufacturing Ltd., amounted to 14.3 million euros (previous year: 6.9 million euros), with an EBITDA margin
of 26.5%. Earnings before interest and taxes (EBIT) also improved significantly to 11.5 million euros (previous year:
3.5 million euros), corresponding to an improved EBIT margin of 21.3%.
Martin Drasch, CEO of Manz AG, comments: "Our focus on battery production and electromobility is paying off, as
evidenced not least by a sustained good order situation and very pleasing revenue and earnings growth in the Energy
Storage segment. The enormous future potential of this segment is also evidenced by the EU funding in the three-digit
million-euro range that the Manz Group will receive for the 'Lithium Battery Factory of the Future' project. The aim is
to develop and manufacture highly efficient machines and processes for the fully automated production of
next-generation lithium-ion batteries. "
Looking at the individual segments, the Solar segment was characterized by further revenue shifts in the first quarter
of 2021. As a result, the full completion of the two CIGS orders is expected to be postponed to the end of 2021. In the
Electronics segment, the development of the previous year continued in the first months of 2021. Demand for machinery
for electronic components continued to be depressed, partly due to the COVID-19-pandemic. In contrast, the assembly
automation business, particularly in the cell contacting systems segment, developed positively. For example, in the
first quarter of 2021, Manz received a follow-up order in the field of electromobility from the automotive supplier TE
Connectivity. While the Service segment developed largely in line with expectations, the Contract Manufacturing segment
was also able to contribute to the profitable result in the first quarter of 2021 due to the earnings effect of around
14 million euros from the sale of the shares in Talus Manufacturing Ltd. The sale of the shares was completed in
January 2021.
The Energy Storage segment showed very dynamic development. Revenues and earnings increased significantly, and incoming
orders also developed very positively. In addition to new orders, for example from a US manufacturer of electric
vehicles for an assembly line for highly efficient battery modules, Manz also concluded a cooperation agreement with
GROB-WERKE GmbH & Co.KG. The cooperation will enable them to address the market for production solutions for
lithium-ion battery cells and modules in the field of electromobility even more effectively. The joint goal of the two
companies is to establish themselves as leading European supplier in the field of fully comprehensive production
solutions for lithium-ion battery systems. The funding notification received from the European Commission at the end of
April for an amount in the triple-digit million euro range for the further development of lithium-ion battery
technology for the Reutlingen location and the location in Italy as part of the Important Projects of Common European
Interest ("IPCEI") for the promotion of research and innovation in the battery value chain also underscores the
importance of Manz AG's consistent focus. The company thus has an important role to play in the further development of
this key industry in Europe.
Thanks to the good order situation, the Managing Board of Manz AG is optimistic about further business development in
the current fiscal year and beyond. Across all segments, incoming orders totaled 42.2 million euros (previous year:
45.2 million euros). At 170.1 million euros, orders on hand were at an improved level compared to the same period of
the previous year (previous year: 152.8 million euros).
Revenues, EBITDA and EBIT 3M 2021 year-on-year
in EUR million Q1 2021 Q1 2020
Group revenues 50.9 61.6
Solar 2.2 6.1
Electronics 19.8 25.8
Energy Storage 18.9 14.8
Contract Manufacturing 5.7 10.8
Service 4.4 4.2
EBITDA Group 14.3 6.9
Solar -2.2 -1.2
Electronics -1.1 3.6
Energy Storage 2.6 1.2
Contract Manufacturing 15.1 3.3
Service -0.2 -0.05
EBIT Group 11.5 3.5
Solar -2.8 -1.9
Electronics -2.0 2.3
Energy Storage 1.8 0.3
Contract Manufacturing 14.9 3.1
Service -0.4 -0.2 The full Q1 2021 announcement is available for download from today on the company's website www.manz.com in the Investor Relations / Publications section. Company Profile: Manz AG - passion for efficiency Founded in 1987, Manz AG is a globally active high-tech engineering company. Its business activities comprise the Solar, Electronics, Energy Storage, Contract Manufacturing and Service segments.
With many years of expertise in automation, laser processing, inspection systems and wet chemistry, the company offers manufacturers and their suppliers innovative production solutions in the fields of photovoltaics, electronics and lithium-ion battery technology. The product portfolio includes both customer-specific developments and standardized individual machines and modules that can be linked together to form complete, individual systems. Above all, by involving Manz AG in customer projects at an early stage, the company makes a significant contribution to its customers' success with high-quality, demand-oriented solutions.
The group of companies, which has been listed in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. There are also sales and service subsidiaries in the USA and India. Manz AG currently employs around 1,400 people worldwide, around half of whom work in Asia, which is the key region for the company's target industries. The Manz Group's revenues amounted to around 237 million euros in the 2020 fiscal year. Contact: Manz AG Axel Bartmann Tel.: +49 (0)7121 - 9000-395 Fax: +49 (0)7121 - 9000-99 Email: abartmann@manz.com
cometis AG Claudius Krause Tel.: +49 (0)611 - 205855-28 Fax: +49 (0)611 - 205855-66 E-mail: krause@cometis.de -----------------------------------------------------------------------------------------------------------------------
2021-05-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
Language: English
Company: Manz AG
Steigäckerstr. 5
72768 Reutlingen
Germany
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: info@manz.com
Internet: http://www.manz.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1191903
End of News DGAP News Service
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May 04, 2021 01:32 ET (05:32 GMT)
