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    M5Z   DE000A0JQ5U3

MANZ AG

(M5Z)
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PRESS RELEASE : Manz AG with positive earnings development in the first three months of 2021

05/04/2021 | 01:33am EDT
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. 
=---------------------------------------------------------------------------------------------------------------------- 
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 
=------------ 

1191903 2021-05-04

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1191903&application_name=news 
 

(END) Dow Jones Newswires

May 04, 2021 01:32 ET (05:32 GMT)

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Financials
Sales 2021 259 M 315 M 315 M
Net income 2021 10,0 M 12,2 M 12,2 M
Net cash 2021 16,0 M 19,5 M 19,5 M
P/E ratio 2021 40,2x
Yield 2021 -
Capitalization 380 M 462 M 462 M
EV / Sales 2021 1,41x
EV / Sales 2022 0,99x
Nbr of Employees 1 382
Free-Float 52,2%
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Technical analysis trends MANZ AG
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 59,00 €
Last Close Price 49,10 €
Spread / Highest target 38,5%
Spread / Average Target 20,2%
Spread / Lowest Target -0,20%
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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