DGAP-News
Manz AG achieves record revenue in 2014 and utilizes its operational strength to recognize non-scheduled depreciations in the solar segment
DGAP-News: Manz AG / Key word(s): Preliminary Results
Manz AG achieves record revenue in 2014 and utilizes its operational
strength to recognize non-scheduled depreciations in the solar segment
24.02.2015 / 08:16
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Manz AG achieves record revenue in 2014 and utilizes its operational
strength to recognize non-scheduled depreciations in the solar segment
- New revenue record achieved in fiscal year 2014 of around EUR 306
million (+15%)
- Non-recurring negative special effects in the amount of EUR 33.2
million hold down EBIT for 2014
- Reduced costs in the solar segment and adjusted balance sheet items
will make a significant jump in earnings possible in the 2015 fiscal
year: Increase in revenues to EUR 320 - 340 million with further upside
potential resulting from an upturn in the PV market with a clearly
positive EBIT expected
Reutlingen, February 24, 2015 - Manz AG, one of the world's leading
high-tech equipment manufacturers with an extensive technology portfolio
covering the three strategic business segments of "Display," "Solar" and
"Battery," is publishing its preliminary figures for the 2014 fiscal year
today. According to the figures, the company could increase its revenues
from EUR 266.2 million by 15% to a new record level of around EUR 306
million. In operating business, Manz achieved earnings before interest,
taxes, depreciation and amortization (EBITDA), adjusted for non-recurring
negative special effects, of EUR 24.9 million (previous year: EUR 27.0
million) and a positive adjusted earnings before interest and taxes (EBIT)
of roughly EUR 0.5 million (previous year: EUR 3.1 million). Thus, Manz AG
achieved its operational goals for fiscal year 2014. Non-recurring negative
special effects - mainly non-scheduled depreciations and devaluations in
the Solar segment- resulted in an EBIT of EUR -32.8 million. With a balance
sheet structure that continues to be sound and positive outlooks in all
three business segments, the Managing Board expects further growth in
revenues and significantly improved profitability for the current year.
The diversification strategy takes hold - revenues at record level in 2014
With revenues of EUR 306 million in the year 2014, the forecast of EUR 280
million to EUR 300 million was exceeded. This increase was possible as a
Manz AG achieves record revenue in 2014 and utilizes its operational
strength to recognize non-scheduled depreciations in the solar segment
- New revenue record achieved in fiscal year 2014 of around EUR 306
million (+15%)
- Non-recurring negative special effects in the amount of EUR 33.2
million hold down EBIT for 2014
- Reduced costs in the solar segment and adjusted balance sheet items
will make a significant jump in earnings possible in the 2015 fiscal
year: Increase in revenues to EUR 320 - 340 million with further upside
potential resulting from an upturn in the PV market with a clearly
positive EBIT expected
Reutlingen, February 24, 2015 - Manz AG, one of the world's leading
high-tech equipment manufacturers with an extensive technology portfolio
covering the three strategic business segments of "Display," "Solar" and
"Battery," is publishing its preliminary figures for the 2014 fiscal year
today. According to the figures, the company could increase its revenues
from EUR 266.2 million by 15% to a new record level of around EUR 306
million. In operating business, Manz achieved earnings before interest,
taxes, depreciation and amortization (EBITDA), adjusted for non-recurring
negative special effects, of EUR 24.9 million (previous year: EUR 27.0
million) and a positive adjusted earnings before interest and taxes (EBIT)
of roughly EUR 0.5 million (previous year: EUR 3.1 million). Thus, Manz AG
achieved its operational goals for fiscal year 2014. Non-recurring negative
special effects - mainly non-scheduled depreciations and devaluations in
the Solar segment- resulted in an EBIT of EUR -32.8 million. With a balance
sheet structure that continues to be sound and positive outlooks in all
three business segments, the Managing Board expects further growth in
revenues and significantly improved profitability for the current year.
The diversification strategy takes hold - revenues at record level in 2014
With revenues of EUR 306 million in the year 2014, the forecast of EUR 280
million to EUR 300 million was exceeded. This increase was possible as a
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