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MarketScreener Homepage  >  Equities  >  Xetra  >  Manz AG    M5Z   DE000A0JQ5U3

MANZ AG

(M5Z)
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PRESS RELEASE : Manz AG and GROB agree on strategic cooperation in the field of lithium-ion battery systems

04/08/2021 | 06:31am BST
DGAP-News: Manz AG / Key word(s): Alliance 
Manz AG and GROB agree on strategic cooperation in the field of lithium-ion battery systems 
2021-04-08 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Manz AG and GROB agree on strategic cooperation in the field of lithium-ion battery systems 
  . Cooperation focusing on production solutions for lithium-ion battery cells and modules as well as for the assembly 
    of battery packs for e-mobility 
  . Combination of Manz and GROB's technology portfolio enables innovative, integrated turnkey solutions, from 
    electrode coating to pack assembly 
  . Strategic cooperation with the aim of becoming the leading European supplier in the field of fully comprehensive 
    production solutions for lithium-ion battery systems 
 
Reutlingen / Mindelheim, April 8, 2021 - Manz AG and GROB-WERKE GmbH & Co. KG have entered into a strategic cooperation 
in the field of lithium-ion battery systems. As part of the partnership, the companies plan to set innovative machine 
standards "made in Europe". This will combine market and customer access and bundle technical expertise. From now on, 
the companies will be able to offer the complete production process for manufacturing lithium-ion battery cells and 
modules, from coating the electrode material to pack assembly, from a single source and fully integrated. For 
customers, the holistic view results in significant competitive advantages in terms of efficiency, performance and 
safety of their battery cells and modules. The primary goal is a high-quality standard, stability, and cost efficiency 
by reducing friction losses while maintaining a high level of integration. The common goal of Manz and GROB is to 
establish themselves as the leading European supplier of production solutions in the field of lithium-ion battery 
systems with a clear focus on the upcoming needs of electromobility. 
Manz AG brings to the cooperation its decades of experience in essential production steps for the manufacture of 
different lithium-ion cell types and their assembly into a battery module, from wound button cells to prismatic cells 
and stacked pouch cells. For more than 90 years GROB has been a pioneer in the construction of production and 
automation systems and has been convincing with its implementation strength in the conception, planning and 
commissioning of highly complex and customer-specific systems for mass production, especially for the automotive 
industry, with a strong focus on e-mobility in the past 5 years. 
Martin Drasch, CEO of Manz AG, comments: "Manz has positioned itself excellently in the battery market. We see 
outstanding opportunities to take advantage from the dynamic development of e-mobility - which is why we have focused 
our business model accordingly. We are absolutely convinced that, based on the trend-setting cooperation with GROB, we 
have added another important building block to fully tap the enormous market potential, especially for scaled and 
efficient production solutions in the GWh range. The fact that this consistent orientation makes sense is underlined 
not least by the recently received funding commitment from the European Commission for the further development of 
lithium-ion battery technology as part of the so-called IPCEI (Important Project of Common European Interest) "EuBatIn 
- European Batteries Innovation". GROB's expertise combined with our technological know-how makes it possible to 
further accelerate and market the development of innovative, flexible technologies and solutions in the field of 
electromobility." 
German Wankmiller, Chairman of the Management Board of the GROB Group, added: "We are delighted to be cooperating with 
such a renowned mechanical engineering company as Manz. In a very short time, the family-owned company GROB has built 
up comprehensive knowledge in machinery as well as equipment and process technology for the entire e-mobility portfolio 
and is now the world market leader in the manufacture of production systems for e-drives. At the same time, process 
knowledge for battery modules with pouch and hardcase cells has been developed in battery storage technologies with a 
focus on systems engineering, and several large-scale plants have already been delivered. As a further consistent step, 
GROB has also started the development of equipment technology to produce battery cells. Through our cooperation with 
Manz, we see ourselves in an even better position and can realize large-scale plants for the international automotive 
manufacturers and their suppliers in a short time. This allows us to offer solutions from a single source along the 
entire value chain, from coating to pack assembly. As a result, our customers enjoy benefits such as high throughput, 
low production costs and maximum innovative strength." 
 
Company profiles: 
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, image processing and metrology, wet chemistry and 
roll-to-roll processes, 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 interlinked 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, 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. 
GROB-WERKE GmbH & Co. KG - Driven by E-motion 
For over 90 years, GROB has been active as a globally operating family company in the development and manufacture of 
systems and machine tools. Its customers include the most renowned automotive manufacturers, their suppliers and 
companies from a wide range of industries. With five production plants in Germany (headquarters), the USA, Brazil, 
China and Italy, as well as 15 worldwide service and sales subsidiaries, GROB is internationally positioned. Worldwide, 
the GROB Group generates an output of 1.1 billion euros (FY 20/21) with 6,800 employees. 
The portfolio ranges from 4- and 5-axis universal machining centers and highly complex manufacturing systems with their 
own automation to production lines for electric motors and assembly lines for battery and fuel cell technology. 
The specially developed GROB-NET^4Industry software for digitizing and networking production plants rounds off the GROB 
product portfolio. 
Contact 
Manz AG 
Axel Bartmann 
Tel.: +49 (0)7121 - 9000-395 
Fax: +49 (0)7121 - 9000-99 
E-mail: abartmann@manz.com 
GROB-WERKE GmbH & Co.KG 
Klaus Eberts 
Tel.: +49 (0)8261 - 996-370 
E-mail: klaus.eberts@grob.de 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-08 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:  1181979 
 
End of News   DGAP News Service 
=------------ 

1181979 2021-04-08

(END) Dow Jones Newswires

April 08, 2021 01:30 ET (05:30 GMT)

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Financials
Sales 2021 261 M 310 M 226 M
Net income 2021 11,7 M 13,9 M 10,1 M
Net cash 2021 14,0 M 16,6 M 12,1 M
P/E ratio 2021 38,5x
Yield 2021 -
Capitalization 453 M 538 M 392 M
EV / Sales 2021 1,68x
EV / Sales 2022 1,06x
Nbr of Employees 1 382
Free-Float 52,2%
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Mean consensus BUY
Number of Analysts 4
Average target price 48,43 €
Last Close Price 58,50 €
Spread / Highest target 2,56%
Spread / Average Target -17,2%
Spread / Lowest Target -30,8%
EPS Revisions
Managers and Directors
NameTitle
Martin Drasch Chief Executive Officer
Manfred Hochleitner Chief Financial Officer
Heiko Aurenz Chairman-Supervisory Board
Jürgen Knie Chief Operations Officer
Dieter Manz Member-Supervisory Board
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