Manz AG: Forecast Adjustment for Fiscal Year 2015

06/30/2015 20:06:00 CEST

The Managing Board of Manz AG, Reutlingen (ISIN: DE000A0JQ5U3) has revised its annual forecast of a revenue volume of EUR 320 – 340 million and a clearly positive EBIT, following its strategy conference.

This is due to a recently received order cancellation with a volume of approx. EUR 12 million in the Electronics division. This resulted from the end customer's decision for an alternative technical solution in the final product, and was consequently not a result of Manz AG's responsibility. The related follow-up orders which were included in the annual forecast, with a high, double-digit million volume in Euros, could likewise not be realized as a result.

The incoming orders delay in the Energy Storage segment also contributed to the forecast adjustment. The orders which were actually anticipated for April and June are expected to be placed in the next few weeks. As a result, planned revenues shift to a large degree to the fourth quarter and to the next year.

Consequently, the Managing Board now expects a moderate decline in revenues for the 2015 fiscal year compared to the previous year (2014: EUR 305.9 million) and an improved but likely negative EBIT for the 2015 year. A more concrete outlook for the overall year will be published following the receipt of some important orders and the resulting improved visibility with regard to further business performance.

The Managing Board remains optimistic with regard to the high potential of the three strategic business segments of Electronics, Solar and Energy Storage. The diversification of customers, regions and technologies in these strategic business segments will be continued consistently in order to further reduce dependency on large customers and the volatile market development.

Additional information:

Ticker symbol: M5Z
Market segment: regulated market (Prime Standard) of the Frankfurt Stock Exchange

Manz AG
Steigaeckerstrasse 5
72768 Reutlingen, Germany

End of the Ad-hoc Announcement

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