07/07/2021 15:00:00 CEST, Reutlingen Profitable business development in 2020 and positive start in 2021 despite COVID 19 challenges | Growth impulses particularly from the markets for battery production and e-mobility | Management Board sees positive outlook for 2021 and beyond thanks to focused growth strategy in selected industries and sectors
Manz AG, a globally active high-tech engineering company with an extensive technology portfolio, successfully held its 2021 Annual General Meeting today. As a result of the general restrictions caused by the COVID 19 pandemic, this year's Annual General Meeting was once again held virtually. At the time of voting, the presence of the represented share capital was 57.2%, all agenda items were approved with a large majority. In particular, the Supervisory Board was elected by the Annual General Meeting for further five years.
The Managing Board reported in detail on the positive developments in the 2020 fiscal year and the first quarter of 2021. Despite the numerous restrictions and challenges posed by COVID 19, Manz took advantage of the market dynamics in the battery manufacturing and e-mobility segments in particular. In this context, the company was able to convince numerous customers with production equipment for battery manufacturing as well as with assembly solutions around the electric powertrain.
Martin Drasch, CEO of Manz AG, comments: "Our many years of expertise as a high-tech engineering company is not only met with great interest by our customers. Our clear focus is also perceived on the capital market - this was also reflected at this year's Annual General Meeting, among other things. We are of course very pleased about this and would like to thank all shareholders for their question submissions and their participation in the event!"
The Managing Board intends to take advantage of the opportunities that will present themselves to Manz as a high-tech engineering company in 2021 and beyond worldwide with its growth strategy focused on selected sectors and industries. With its innovative and efficient production solutions, Manz is concentrating on dynamic industries such as automotive and e-mobility as well as battery production. The focus is also on electronics, energy, and medical technology. The product portfolio includes customized individual machines, standardized individual machines and modules that can be linked together to form individual systems, as well as turnkey systems for mass production.
"Currently, the global demand for li-ion battery cells and modules is increasing rapidly due to the enormous dynamics in e-mobility. This is also reflected in the ongoing positive order trend from existing and new customers. And with the EU funding in the triple-digit million-euro range promised in April 2021, we are already developing the battery factory of the future today," Martin Drasch elaborates. "At the same time, however, we continue to identify attractive niche markets in other industries that offer us growth potential for the future. For example, in fan-out panel level packaging, a new type of packaging process for microchips, or our automation systems in display manufacturing. We want to continue on this path and therefore believe that Manz AG is well positioned for the future."
The detailed voting results for the respective agenda items are available for download from the Investor Relations / Annual General Meeting section of the Company's website at www.manz.com.