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Manz AG Starts 2016 with Good Level of Incoming Orders - Seite 2
the customer with its innovative production machines and methods. Dieter
Manz: "Lifespan and size are key factors for the manufacture of batteries
for Consumer Electronics applications. Our innovative manufacturing
technologies provide our customers with longer lifespans and significantly
reduced sizes. Following the successful completion of the development
project, I am confident that we can expect to receive further additional
orders." Other positive signals at the start of the year come from the
e-mobility industry, after several car makers announced new hybrid and
electric vehicles in the past few months. During the first weeks of 2016,
Manz obtained several follow-up orders from strategically important
customers, as well as orders from new customers.
Dieter Manz on current operating developments: "The Energy Storage business
segment has had a good start into the new year. In the Electronics segment,
we are leading advanced stage contract negotiations with several customers,
relating to, among other things, postponed orders from the previous fiscal
year. Therefore we are optimistic that our business activities will also
start to pick up in this area in the coming weeks. Together with already
realized and planned savings from the restructuring and an increased sales
level, I see a suitable basis for significantly improving our earnings this
year, as planned."
In view of the restructuring process, Martin Drasch, COO of Manz AG
summarizes, "The initiated measures for optimizing our international
production network already demonstrate initial success. The transfer of
production of series machines to our cost-effective locations in Slovakia
and China is proceeding more quickly than originally planned. As a result
of this, we will further improve our competitiveness." Martin Hipp, Chief
Financial Officer of Manz AG added: "In the past few weeks, we have made
very good progress in the examination of our strategic options for our
Solar segment, which has been deficient for years. Therefore we are
confident that we will be able to present the first results by the end of
February."
Company profile:
Manz AG - passion for efficiency
As one of the world's leading high-tech equipment manufacturers, Manz AG,
based in Reutlingen, Germany, is a pioneer for innovative products in
fast-growing markets. Founded in 1987, the company has expertise in seven
technology sectors: automation, vacuum coating, laser processing, screen
printing, metrology, wet chemical and roll-to-roll processing. Manz deploys
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