Manz AG: New major orders in the Display business segment underscore the positive prospects for 2015
03.03.2015 | Reutlingen
- Following major orders in the Battery business segment, Manz has now recorded new orders of around EUR 35 million in the Display business segment
- Follow-up orders of existing customers attest to the outstanding positioning of Manz as an established partner in the display industry
- Cumulative order intake of more than EUR 75 million since the beginning of the year form the basis for a strong second and third quarter 2015
- Growth in revenues with clearly positive EBIT expected in 2015
Manz AG, one of the world’s leading high-tech engineering companies with an extensive technology portfolio covering the three strategic business segments "Display," "Solar" and" Battery," is continuing its positive growth in orders in the current 2015 fiscal year. At the beginning of the year, the company was already able to report around EUR 40 million in major orders in the Battery business segment, and the Reutlingen machinery manufacturer now has been awarded orders with a total volume of around EUR 35 million in the Display business segment. These orders will impact revenues and earnings as of the second quarter in 2015.
The received orders include advanced equipment for the production of displays and other components for smartphones, tablet computers and notebooks. The crucial factors for this recent success were Manz's outstanding technological expertise and its many years of trustworthy collaboration with leading companies in the industry. Dieter Manz, CEO and founder of Manz AG, sees the follow-up orders as confirmation of trust: "The orders of around EUR 35 million underscore the important role of Manz as a high-tech equipment manufacturer and technology partner of the display industry. With our highly efficient production equipment, we have earned the trust of leading manufacturers and their suppliers in the field of consumer electronics. When it comes to technological advancement and innovation, Manz is one of the top addresses on the world."
In light of the outstanding positioning of Manz AG and the positive general economic conditions in the strategic target industries, the company sees a promising year for 2015. "Since the beginning of the year, we have received orders with a total volume of more than EUR 75 million. These orders for the most part will begin impacting revenues and earnings from the second quarter onwards. Accordingly we are expecting significant growth beginning with the second quarter of 2015 following a rather sound first quarter," comments Dieter Manz. At the same time, the special depreciations taken in the previous fiscal year have a positive effect on the operating result in the current 2015 fiscal year. The company accordingly is anticipating an increase in revenues and earnings again in the current year. Specifically, Manz is expecting revenues between EUR 320 million and EUR 340 million for the current 2015 fiscal year with clearly positive EBIT.