Manz AG: Sustained good business performance with new orders of around EUR 45 mn in the Display division
25.03.2014 | Reutlingen
- Manz strengthens its position in the Display division and continues to extend its order backlog
- New orders of around EUR 45 mn provide an excellent basis for further growth in 2014
- Further extension of the market leadership in laser process systems
Manz AG, one of the world’s leading high-tech engineering companies with an extensive technology portfolio covering the three strategic divisions of "Display", "Solar" and "Battery", has received further new orders in the Display division with a total volume of around EUR 45 million. The orders comprise systems and equipment in the fields of automation, laser process technology and metrology, which are mainly used in the manufacture of smartphones and tablet computers. Following Manz AG's recording in January 2014 of significant new orders in the Display division, which also included innovative vacuum coating systems for the first time, incoming orders in the past months in this segment amount to EUR 95 million. Most of these will already contribute to revenue and earnings in the second quarter.
Dieter Manz, CEO and founder of Manz AG, comments: "The display industry still held back on new investments in the last quarter of 2013. The orders received in the first three months of 2014 therefore represent a very good start to the current 2014 fiscal year. The incoming orders of the past months totaling around EUR 95 million provide an excellent basis for a sustained positive business performance in the current year." With its proven expertise as a high-tech engineering company, Manz AG has established itself as an equipment supplier for the manufacture of touch panel displays and components for mobile end devices for leading Asian suppliers to the electronics industry as well as globally leading smartphone and tablet manufacturers. The orders that have now been received underline the excellent reputation that Manz AG enjoys with its customers. Its cross-industry transfer of extensive technological expertise enables the company to offer the industry innovative, customer-specific production solutions with a “time-to-market” that is unique in the sector. These strengths are appreciated by existing and new customers alike.
Dieter Manz is also correspondingly optimistic about the future: "Through our Asian locations, we are able to offer German technology at locally competitive prices and this has enabled us to achive a very good position in the market. As one of the world's leading engineering companies for the display industry, we not only see opportunities in the continually booming smartphone and tablet manufacture, but also note that new production capacities are being developed in the field of large-scale flat-panel displays. In the current 2014 fiscal year, we intend to make systematic use of the opportunities of this overall very positive market environment."