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Manz AG: Record revenue for 2014 already assured after 9 months - Seite 2

upswing - albeit at the same low level. The persistently high growth in the
retail market will lead to more investments in production systems and
thereby to strong increasing revenue. With the takeover in the battery
segment in the second quarter of 2014 and the first large orders of
production systems for the manufacturing of lithium-ion batteries for
consumer electronics, we have created the requirements in order to raise
this segment to a new revenue level. In view of all this, I am convinced of
Manz AG's medium and long-term company success."

During the first nine months of 2014, Manz AG generated revenue of EUR
250.9 million after EUR 213.0 million in the same period in the previous
year. The operating revenue was EUR 250.4 million after EUR 218.3 million
in the 2013 reporting period. The most important earnings parameter,
earnings before interest, taxes, depreciation and amortization (EBITDA),
with EUR 19.6 million, was, as expected, below the prior-year level (9M
2013: EUR 23.3 million). The main impact here was attributable to the
discontinuation, since the beginning of the year, of funds of EUR 4.5
million received from Würth Solar as part of the purchasing agreement of
the location in Schwäbisch Hall. Adjusted by this effect, an operative
result slightly above that of the previous year was achieved. Despite this
additional burden with simultaneous unrestricted continuation of research
operations in all business areas, the result were earnings before interest
and taxes (EBIT) amounting to EUR 1.5 million for the first nine months of
2014 (9M 2013: EUR 5.2 million). The consolidated net profit was at EUR
-0.8 million (9m 2013: EUR 0.4 million).

In terms of divisions, the largest share of revenue during the first nine
months of 2014 was allocated in the Display segment with EUR 179.9 million
(9M 2013: EUR 139.3 million). Based on an industry-overlapping technology
transfer, this is mainly due to the successful development of innovative
production solutions for the production of smartphones and tablet
computers. The Solar segment generated about EUR 9.3 million in the first
nine months of 2014 compared to EUR 7.5 million in the same period in the
previous year. The Battery segment contributed EUR 12.2 million from the
sale of lithium-ion battery production systems (9M 2013: EUR 7.4 million).
The reporting segment of printed circuit boards/OEM generated a turnover of
EUR 38.9 million (9M 2013: EUR 45.5 million). The rest of revenue amounting
to EUR 10.6 million consisted of the Others reporting segment (9M 2013: EUR