EQS-News

Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year - Seite 2

Martin Drasch, CEO of Manz AG, comments: „2023 was not an easy year for us, as it probably also has not been for all market players in our industry. We were also hit by many crises and challenges. Nevertheless, in many discussions with our customers and interested parties, we can see that our markets regain momentum and that our product range is meeting demand, especially with its focus on the European production of innovative production solutions for lithium-ion batteries and other components of the electric powertrain. We are therefore very optimistic that we will also be able to create significant added value for our target markets and customers in the medium and long term.“

Both of the company's segments were able to keep their revenues stable in the reporting period. The Mobility & Battery Solutions segment generated revenues of EUR 91.7 million, compared to EUR 92.3 million in the previous year. Segment EBITDA increased significantly and amounted to EUR 5.6 million (previous year: EUR -7.3 million). EBIT in this segment amounted to EUR 0.5 million and turned positive compared to the same period in the previous year (previous year: EUR -12.5 million). The EBIT margin in this segment was therefore 0.5%.

The Industry Solutions segment generated revenues of EUR 158.4 million in the 2023 financial year, compared to EUR 158.6 million in the previous year. Segment EBITDA fell by 31.4% from EUR 15.2 million to EUR 10.5 million. EBIT fell significantly from EUR 8.3 million to EUR 3.8 million. The EBIT margin in this segment therefore amounted to 2.4%. The main reason for this decline was the weaker market development in Asia and the decrease in investments in the area of display production.

In view of the deteriorating global economic outlook and various political uncertainties, incoming orders in the 2023 financial year were below expectations overall, but regained momentum in the fourth quarter. Incoming orders reached EUR 60 million in the fourth quarter of 2023 and were therefore significantly higher than in the first three quarters of 2023. Incoming orders reached a total of EUR 195.7 million in the 2023 financial year (previous year: EUR 359.7 million). The order backlog as at December 31, 2023 amounted to EUR 185.8 million (previous year: EUR 339.9 million).

 

For the full year 2024, the Managing Board of Manz AG expects revenue growth in the mid single-digit percentage range. Accordingly, the Mobility & Battery Solutions segment will see revenue growth in the low double-digit percentage range and the Industry Solutions segment in the low single-digit percentage range. According to the forecast, the EBIT margin in the Group and in both segments will be in the low single-digit percentage range.