DGAP-News

Manz AG: Record revenue for 2014 already assured after 9 months

DGAP-News: Manz AG / Key word(s): 9-month figures
Manz AG: Record revenue for 2014 already assured after 9 months

13.11.2014 / 07:29

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Manz AG: Record revenue for 2014 already assured after 9 months

- Revenues of over EUR 250 million after 9 months are 18% above the
previous year

- Positive EBIT of EUR 1.5 million despite ongoing high investments in
the solar sector

- Guidance 2014 with record revenue confirmed

Reutlingen, November 13, 2014 - Manz AG, one of the world's leading
high-tech equipment manufacturers with an extensive technology portfolio in
the three strategic business segments "Display", "Solar" and "Battery",
today announced the figures for the first nine months of 2014. The company
based in Reutlingen/Germany, already recorded the highest quarterly revenue
in the company's history during the second quarter of 2014 and has
successfully continued this positive trend in the third quarter. With EUR
87.3 million, revenue was about 16% higher than in the corresponding
quarter of the previous year. Total revenue from the first three quarters
of 2014 amounted to EUR 250.9 million. At the same time, Manz again
generated a positive operating result (EBIT) in the third quarter of 2014
despite high investments in further solar technology development. The EBIT
amounted to EUR 1.5 million for the entire period under review. The
operative result was below the previous year, due to canceled
appropriations amounting to EUR 4.5 million with regard to the development
site for CIGS thin film solar technology that was taken over in
Schwäbisch-Hall. Nonetheless, with a projected record revenue of EUR 280
million to EUR 300 million and a positive EBIT for the overall 2014 year,
Manz AG's company strategy of continued diversification has been validated.

Dieter Manz, founder and CEO of Manz AG, comments: "We have further
anchored our outstanding reputation as a reliable industry-partner for the
development of innovative production systems for growth markets. This is
also reflected in the good order and revenue trend in our strategic
business areas since the start of the year. Correspondingly, we have a
clear outlook on our goal, record revenue and a positive EBIT for 2014."

In addition, the company also has excellent opportunities for dynamic
development in the three target sectors of display, solar and battery, that
reach beyond the current business year. Dieter Manz: "Interest in our
solutions from the display sector remains high. The solar industry is in an