DGAP-News

Manz AG achieves record revenue in 2014 and utilizes its operational strength to recognize non-scheduled depreciations in the solar segment - Seite 2

result of the successful diversification of the business model in
technologies, industries and regions. This allows Manz AG to use the
varying dynamics in the individual growth industries to best effect and to
employ available capacities effectively. With a share of sales of the solar
segment of less than 5% in the year 2014, the strongly growing business
segments Display and Battery have in the meanwhile proven to be responsible
for the majority of revenues. These two business segments are currently
providing Manz AG with attractive operating margins. Dieter Manz explains
the successful diversification: "After the collapse of the solar business,
we managed to establish ourselves as a recognized supplier for well-known
manufacturers of smartphones and tablet computers as well as their
suppliers. Our leading technologies in the area of the manufacture of touch
sensors, LCD displays and many other components for devices for mobile
communications are an absolutely critical requirement for the success of
our customers' products."

The currently fast growing Battery segment shows additional growth
potential. Dieter Manz: "With our innovative production systems we
contribute significantly to the improvement of the battery runtime and the
reduction of costs. Both, customers from the consumer electronics branch as
well as from the e-mobility sector offer considerable potential in this
segment. Of course, we, as Manz AG, also benefit from that and thus we will
be able to further increase our revenues and earnings in future."

Operating business on course despite being pulled down by non-recurring
special effects in 2014

Dieter Manz, CEO and founder of Manz AG, stated: "In 2014, there were very
positive operational developments. As a result of our diversification
strategy, we opened vibrant future-oriented markets with highly attractive
growth prospects and realized record revenues. On an adjusted basis, we
were also able to achieve our goal of a positive EBIT. At the same time, we
had to record non-recurring negative special effects in 2014, which we, in
part, are consciously taking into account in order to be able to start from
a very stable basis. Our strong equity position and the low net debt
combined with a positive cash flow provides plenty of free play for this."

The development of earnings in the year 2014 was significantly influenced
by non-recurring extraordinary special effects coming to a total of EUR
33.2 million. As a result of the insolvency of GT Advanced Technologies