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DGAP-News: Manz AG / Key word(s): AGM/EGM
Manz AG reports to Annual General Meeting on positive business development in the course of focused growth strategy
- 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
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.
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.
Manz AG - passion for efficiency
With many years of expertise in automation, laser processing, inspection systems and wet chemistry, the company offers manufacturers and their suppliers innovative production solutions in the fields of photovoltaics, electronics and lithium-ion battery technology. The product portfolio includes both customer-specific developments and standardized individual machines and modules that can be linked together to form complete, individual systems. Above all, by involving Manz AG in customer projects at an early stage, the company makes a significant contribution to its customers' success with high-quality, demand-oriented solutions.
The group of companies, which has been listed in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. There are also sales and service subsidiaries in the USA and India. Manz AG currently employs around 1,400 people worldwide, around half of whom work in Asia, which is the key region for the company's target industries. The Manz Group's revenues amounted to around 237 million euros in the 2020 fiscal year.
07.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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