07/04/2023 16:45:00 CEST, Reutlingen Network of strategic partnerships with industry-leading companies further strengthened | Managing Board optimistic about fiscal year 2023 thanks to great potential in the market for electric mobility | All items on the agenda approved by a clear majority
Manz AG, a global high-tech engineering company with an extensive technology portfolio, successfully held its 2023 Annual General Meeting today. This was again held as a physical event following the restrictions imposed by the COVID-19 pandemic. The represented share capital at the time of voting was 64,94%. All agenda items were approved with a large majority.
Annual General Meeting 2023 of Manz AG; the picture shows (from left to right): CEO Martin Drasch, Chairman of the Supervisory Board Prof. Dr. Heiko Aurenz, Notary Dr. Stephan Sünner, CFO Manfred Hochleitner and Members of the Supervisory Board Dieter Manz and Prof. Dr.-Ing. Michael Powalla.
During the Annual General Meeting, the Managing Board reported in detail on operational and strategic developments in the 2022 fiscal year and in the first quarter of 2023. The 2022 fiscal year was significantly impacted by ongoing challenges for the global economy as well as by significant revenue shortfalls due to the postponement of a major project in the Mobility & Battery Solutions segment. At the same time, Manz AG successfully strengthened its network of strategic partnerships with industry-leading companies such as GROB, Dürr, and Daimler Truck. Through strategic cooperations and the concept of growth in partnership, Manz AG pursues the goal of combining the respective strengths of the partners, addressing value chains more comprehensively, and accelerating the development of technologies. After the numerous challenges of the previous year, the Managing Board considered the developments in the first quarter of 2023 to be a good start to the fiscal year overall. Even though the growth impulses in the Mobility & Battery Solutions segment temporarily weakened slightly due to investment delays on the part of customers and changes in the general industrial policy conditions, Manz AG was able to achieve even stronger revenue growth in the Industry Solutions segment.
Due to the great potential of production solutions for the e-mobility market, the Managing Board is optimistic about the remaining 2023 fiscal year. As of March 31, 2023, the order backlog was EUR 306.7 million and thus significantly above the previous year's level (March 31, 2022: EUR 273.2 million). Against this background, the Managing Board continues to expect an increase in revenues in the lower double-digit percentage range compared to 2022, an EBITDA margin in the mid positive single-digit percentage range and an EBIT margin in the low positive single-digit percentage range for the fiscal year 2023.
The detailed voting results for the respective agenda items are available for download on the company website www.manz.com in the Investor Relations / Annual General Meeting section.
