EQS-News

Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year

EQS-News: Manz AG / Key word(s): Preliminary Results/Forecast Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year 12.03.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year

• Revenues of EUR 250.1 million are as expected close to previous year's level in a difficult macroeconomic environment
• Group EBIT reaches EUR 4.3 million after EUR -4.2 million in the previous year
• Mobility & Battery Solutions and Industry Solutions segments both generate a positive EBIT contribution with stable revenues
• Forecast for 2024: revenues to increase in the mid single-digit percentage range, EBIT in the low single-digit percentage range

Reutlingen, March 12, 2024 – Manz AG, a global high-tech equipment manufacturer with an extensive technology portfolio, has, according to preliminary figures, kept its revenues almost stable in the 2023 fiscal year at EUR 250.1 million compared to the previous year (EUR 251.0 million) despite strong macroeconomic headwinds. In particular, supply chain problems that were slow to resolve in the first few months of the year, delays in customer investment decisions and rising interest rates also had a negative impact on the operating business in 2023. Nevertheless, the company significantly increased its earnings before interest, taxes, depreciation and amortization (EBITDA) from EUR 8.0 million in the previous year to EUR 16.1 million in the 2023 financial year. Earnings before interest and taxes (EBIT) also improved significantly, from EUR -4.2 million in the same period of the previous year to EUR 4.3 million. This corresponds to an EBIT margin of 1.7%, which, as expected, is in the low single-digit percentage range. Amongst others, positive effects from the sale of the stake in Customcells Holding GmbH contributed to the improvement in earnings.