Manz AG reaches agreement regarding order cancellation in the Energy Storage division and confirms 2016 forecast

10/13/2016 09:58:00 CEST

Publication of insider information in accordance with Article 17 Paragraph 1 of Directive (EU) 596/2014 on Market Misuse (Market Misuse Directive)

Today, Manz AG, Reutlingen, (ISIN: DE000A0JQ5U3) has signed a settlement agreement with an important customer that had stopped a major project in the Energy Storage division on short notice in early June of 2016, with possible effects on the forecast for the 2016 fiscal year (Ad-hoc memorandum from June 11, 2016). As a result of the agreement, there will be no further negative earnings effects for Manz AG from the order, which has now been definitely canceled. However, as a result of the order cancellation and the failure of anticipated follow-up orders to materialize, corresponding revenues and earnings for the 2016 fiscal year are eliminated. Nevertheless, the management board of Manz AG stands by the previous forecast for the 2016 fiscal year, pending the planned placement of an order for a CIGSfab. This forecast shows a significant increase in the revenues of the Manz Group, in comparison to the revenues achieved in the 2015 fiscal year, as well as significantly improved earnings before interest and taxes (EBIT) in comparison to the 2015 fiscal year.

Additional information:

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

Manz AG
Steigäckerstrasse 5
72768 Reutlingen, Germany

- End of the Ad-hoc Announcement -

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