08/13/2013 09:40:00 CEST
- Q2 2013 with EUR 87.9 million strongest quarterly revenue in company's history
- H1 2013 revenue growth of around 26% to EUR 137.8 million
- EBIT of EUR 3.8 million achieved in the first six months of 2013
- Continued high order book position of over EUR 100 million
- Full-year forecast specified: revenue between EUR 250 million and EUR 260 million and positive EBIT expected
Manz AG, one of the world's leading high-tech engineering companies with an extensive technology portfolio in its three strategic business units "Display", "Solar" and "Battery", has today published its results for the first half of 2013. The company significantly accelerated its revenue and earnings growth in the second quarter of 2013, thereby clearly achieving its targets set. Manz generated EUR 87.9 million of revenue during April and June 2013 – the highest quarterly revenue to date in the company's history. Earnings before interest and tax (EBIT) amounted to EUR 5.2 million during the same period, representing a 5.9% EBIT margin. In the first half of 2013, revenue accordingly registered a marked increase of 26.2%, from EUR 109.2 million in the prior-year period to EUR 137.8 million. The structural and cost-optimisation measures that had been launched already in the previous year are also increasingly showing positive effects. Operating EBIT consequently improved to EUR 3.8 million in the first half of the year (previous year: EUR 1.1 million).
The high-growth Display division was the main driver of this successful growth during the first six months. Manz AG has established itself as a sought-after high-tech engineering company in the display sector, delivering numerous Asian electronics industry suppliers as well as serving renowned and globally-leading smart phone and tablet manufacturers. In the Battery division, too, Manz is now the by-far leading European manufacturer of machines and systems for the manufacturing of lithium-ion batteries.
Dieter Manz, CEO and founder of Manz AG, summarises the first half of the year as follows: "Thanks to our continuous technology transfer in our target sectors of Display, Solar and Battery, we have given additional stability to our business model, and opened up new growth opportunities for ourselves, which we are exploiting consistently. Following a solid start to the year, we gained significant momentum during the second quarter, reporting the strongest quarter in the company's history in terms of revenue. We are thereby once again underscoring our successful market position as one of the world's leading high-tech engineers in promising growth sectors of the future."
In terms of segments, in the first half of 2013 the largest revenue share was generated in the Display segment at EUR 84.8 million, or 61.5% (previous year: EUR 71.5 million), along with EBIT of EUR 10.1 million, or 11.9%. This represents 18.5% year-on-year revenue growth. Manz achieved revenue of EUR 4.9 million through the sale of lithium-ion battery production equipment, a 47.8% increase compared with the previous year's EUR 3.3 million. Revenue of EUR 4.7 million was generated in the Solar segment (previous year: EUR 13.1 million). A total of EUR 33.7 million was attributable to the PCB/OEM reporting segment (previous year: EUR 11.9 million) and EUR 9.6 million to the segment Others (previous year: EUR 9.3 million).
Dieter Manz also takes a very positive view of the second half of the year, and specified the 2013 full-year forecast: "The successful implementation of our diversification strategy and the measures that we have taken to optimise our cost structure are showing significant successes. We have thereby created important preconditions for sustainable and profitable growth at Manz AG. Developments in our strategic target branches of Display and Battery also make us optimistic, and the first signs of recovery are also evident in the Solar segment. Our high order backlog and excellent market prospects form an outstanding basis for a successful 2013 financial year. Overall, we consequently anticipate full-year revenue of between EUR 250 million and EUR 260 million and a profit at the EBIT level. Therefore, we will also achieve record revenue on a full-year basis."
The full report for the first six months of 2013 can be downloaded from the company's website at www.manz.com within the "Investor Relations" Area.