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Manz AG (MANZF)

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62.190.00 (0.00%)
At close: 9:30AM EST
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Previous close62.19
Open62.19
Bid0.00 x 0
Ask0.00 x 0
Day's range62.19 - 62.19
52-week range22.48 - 62.19
Volume150
Avg. volume0
Market cap423.919M
Beta (5Y monthly)1.34
PE ratio (TTM)122.91
EPS (TTM)0.51
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Manz AG with positive earnings development in the first three months of 2021

    DGAP-News: Manz AG / Key word(s): Quarterly / Interim Statement04.05.2021 / 07:31 The issuer is solely responsible for the content of this announcement.Manz AG with positive earnings development in the first three months of 2021- EBITDA doubled year-on-year to 14.3 million euros- EBIT more than tripled to 11.5 million euros (3M 2020: 3.5 million euros)- Revenues of 50.9 million euros below previous year's level- Strong performance of the Energy Storage segment Reutlingen, May 04, 2021 - Manz AG, a globally active high-tech equipment manufacturer with a comprehensive technology portfolio, is able to report positive consolidated earnings in the first quarter of 2021 as a result of the positive earnings contributions from the Energy Storage and Contract Manufacturing segments, despite ongoing challenges in the wake of the COVID-19-pandemic, further revenue shifts in the Solar segment and a difficult market environment for display equipment. Revenues in the first three months of 2021 totaled 50.9 million euros, down 17.4% year-on-year. Earnings before interest, taxes, depreciation and amortization (EBITDA), including the effects from the sale of shares in Talus Manufacturing Ltd., amounted to 14.3 million euros (previous year: 6.9 million euros), with an EBITDA margin of 26.5%. Earnings before interest and taxes (EBIT) also improved significantly to 11.5 million euros (previous year: 3.5 million euros), corresponding to an improved EBIT margin of 21.3%.Martin Drasch, CEO of Manz AG, comments: "Our focus on battery production and electromobility is paying off, as evidenced not least by a sustained good order situation and very pleasing revenue and earnings growth in the Energy Storage segment. The enormous future potential of this segment is also evidenced by the EU funding in the three-digit million-euro range that the Manz Group will receive for the 'Lithium Battery Factory of the Future' project. The aim is to develop and manufacture highly efficient machines and processes for the fully automated production of next-generation lithium-ion batteries. "Looking at the individual segments, the Solar segment was characterized by further revenue shifts in the first quarter of 2021. As a result, the full completion of the two CIGS orders is expected to be postponed to the end of 2021. In the Electronics segment, the development of the previous year continued in the first months of 2021. Demand for machinery for electronic components continued to be depressed, partly due to the COVID-19-pandemic. In contrast, the assembly automation business, particularly in the cell contacting systems segment, developed positively. For example, in the first quarter of 2021, Manz received a follow-up order in the field of electromobility from the automotive supplier TE Connectivity. While the Service segment developed largely in line with expectations, the Contract Manufacturing segment was also able to contribute to the profitable result in the first quarter of 2021 due to the earnings effect of around 14 million euros from the sale of the shares in Talus Manufacturing Ltd. The sale of the shares was completed in January 2021.The Energy Storage segment showed very dynamic development. Revenues and earnings increased significantly, and incoming orders also developed very positively. In addition to new orders, for example from a US manufacturer of electric vehicles for an assembly line for highly efficient battery modules, Manz also concluded a cooperation agreement with GROB-WERKE GmbH & Co.KG. The cooperation will enable them to address the market for production solutions for lithium-ion battery cells and modules in the field of electromobility even more effectively. The joint goal of the two companies is to establish themselves as leading European supplier in the field of fully comprehensive production solutions for lithium-ion battery systems. The funding notification received from the European Commission at the end of April for an amount in the triple-digit million euro range for the further development of lithium-ion battery technology for the Reutlingen location and the location in Italy as part of the Important Projects of Common European Interest ("IPCEI") for the promotion of research and innovation in the battery value chain also underscores the importance of Manz AG's consistent focus. The company thus has an important role to play in the further development of this key industry in Europe.Thanks to the good order situation, the Managing Board of Manz AG is optimistic about further business development in the current fiscal year and beyond. Across all segments, incoming orders totaled 42.2 million euros (previous year: 45.2 million euros). At 170.1 million euros, orders on hand were at an improved level compared to the same period of the previous year (previous year: 152.8 million euros).Revenues, EBITDA and EBIT 3M 2021 year-on-year in EUR million Q1 2021 Q1 2020 Group revenues 50.9 61.6 Solar 2.2 6.1 Electronics 19.8 25.8 Energy Storage 18.9 14.8 Contract Manufacturing 5.7 10.8 Service 4.4 4.2 EBITDA Group 14.3 6.9 Solar -2.2 -1.2 Electronics -1.1 3.6 Energy Storage 2.6 1.2 Contract Manufacturing 15.1 3.3 Service -0.2 -0.05 EBIT Group 11.5 3.5 Solar -2.8 -1.9 Electronics -2.0 2.3 Energy Storage 1.8 0.3 Contract Manufacturing 14.9 3.1 Service -0.4 -0.2 The full Q1 2021 announcement is available for download from today on the company's website www.manz.com in the Investor Relations / Publications section.Company Profile: Manz AG - passion for efficiencyFounded in 1987, Manz AG is a globally active high-tech engineering company. Its business activities comprise the Solar, Electronics, Energy Storage, Contract Manufacturing and Service segments.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.Contact:Manz AGAxel BartmannTel.: +49 (0)7121 - 9000-395Fax: +49 (0)7121 - 9000-99Email: abartmann@manz.comcometis AGClaudius KrauseTel.: +49 (0)611 - 205855-28Fax: +49 (0)611 - 205855-66E-mail: krause@cometis.de04.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Manz AG Steigäckerstr. 5 72768 Reutlingen Germany Phone: +49 (0) 7121 9000-0 Fax: +49 (0) 7121 9000-99 E-mail: info@manz.com Internet: http://www.manz.com ISIN: DE000A0JQ5U3 WKN: A0JQ5U Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1191903 End of News DGAP News Service

  • EQS Group

    Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg Ministry of Economic Affairs (news with additional features)

    DGAP-News: Manz AG / Key word(s): Miscellaneous27.04.2021 / 15:07 The issuer is solely responsible for the content of this announcement.Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg Ministry of Economic Affairs Manz's "Lithium Battery Factory of the Future" project is funded as part of the European Commission's IPCEI "EuBatIn" Manz Italy receives further EU funding in the mid double-digit million-euro range Total volume of funding for the Manz Group thus in the three-digit million-euro rangeReutlingen, April 27, 2021 - Manz AG, a globally active high-tech engineering company with a comprehensive technology portfolio, today received official notification from the German Federal Ministry for Economic Affairs and Energy (BMWi) and the Baden-Wuerttemberg State Ministry of Economics for funding in the amount of approximately 70 million euros. The award is part of the Important Projects of Common European Interest ("IPCEI") to promote research and innovation in the battery value chain. A total of eleven German companies will receive subsidies for their projects, with Manz AG playing a central role as a mechanical engineering company. With the project known as "European Battery Innovation (EuBatIn)", twelve EU member states will provide a total of up to 2.9 billion euros in funding for companies in the respective countries in the coming years. Manz Italy will also receive funding in the mid-double-digit million-euro range.The "European Battery Innovation" is an ambitious project with the aim of developing new technologies and processes that go far beyond the current state of the art and will enable major improvements in terms of performance, safety and environmental protection. The project covers the entire battery value chain, from the extraction of raw materials, through the development and production of battery cells and modules, to recycling and disposal in a circular economy. In this way, the project contributes to strengthening an industry that is of strategic importance for the future of Europe, especially regarding clean and low-emission mobility.Martin Drasch, CEO of Manz AG, comments: "The official awarding of the EuBatIn grants is an immense opportunity for Europe, Germany and Manz AG. Business and politics are now in the unique position to build a competitive battery industry in Europe. Thanks to our overarching expertise in numerous relevant areas, Manz AG acts as an important link in the European battery market. Manz is one of the few European engineering companies that already has extensive experience in the entire value chain of lithium-ion battery production. With our 'Lithium Battery Factory of the Future' project, we intend to develop highly efficient machines and processes for the fully automated production of next-generation lithium-ion batteries. Accordingly, we are also proud that we will play an important role in the further development of this key industry in Europe." In order to be able to make an effective contribution to the establishment of a sustainable and competitive battery industry in Europe, Manz AG will receive funding of around 70 million euros for developing projects at its Reutlingen location over the next six years. Funding in the mid-double-digit million-euro range has also been granted for the location in Italy. Of the expected market potential of several billion euros in the field of cell assembly, a significant part is to be covered by the European mechanical engineering industry in the future. To achieve this goal, on the one hand, process costs will be reduced through innovative processes and the use of Industry 4.0 technologies. On the other hand, high productivity and energy efficiency as well as optimized material and space requirements will significantly increase the sustainability of battery production. To enable the production of variants and multiple formats at low cost, the battery production of the future will also be modular and flexible.Manz will use its good starting position to strengthen the competitiveness of European machinery and equipment suppliers in cooperation with its European partners from the IPCEI network, and to secure a significant market share in the future segment of the battery industry.Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy, Thomas Bareiß: "With the battery IPCEIs, the battery value chain in Europe continues to take shape. This is not only about cell production, but also about components such as battery housings or the production equipment for batteries. With its IPCEI project 'Lithium Battery Factory of the Future', Manz AG intends to develop highly efficient machines and processes for the fully automated production of generation 3 and 4 lithium-ion batteries. A project like this makes us proud: The company is opening the doors to new business fields - this secures value creation and employment at the location, especially in times of technological change."Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs of the State of Baden-Wuerttemberg: "Battery technology is an important key technology for the future that will be indispensable in all areas of industrial value creation. It is our goal to meet around 30 percent of the global demand for battery cells from German and European production by 2030. Baden-Wuerttemberg should also take a leading position in this field and an important key position along the entire value chain. Manz's IPCEI project brings us a big step closer to this goal."Company Profile:Manz AG - passion for efficiencyFounded in 1987, Manz AG is a global high-tech equipment manufacturing company. Its business activities comprise the areas of Solar, Electronics, Energy Storage, Contract Manufacturing and Service.With many years of expertise in automation, laser processing, vision and metrology, wet chemistry and roll-to-roll processes, the company offers manufacturers and their suppliers innovative production solutions in the areas of photovoltaics, electronics, and lithium-ion battery technology. The company's product portfolio includes both customer-specific developments and standardized single machines and modules, which can be linked to create complete custom systems. Manz AG offers high-quality, needs-based solutions that can be integrated early into customer projects to contribute significantly to customer success.The company, listed on the stock exchange in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales and service branches in the USA and India. Manz AG currently employs roughly 1,400 workers worldwide, around half of whom work in the Asia region, which is key to the company's target industries. Manz Group revenue in the 2020 financial year totaled around 237 million euros. ContactManz AGAxel BartmannPhone: +49 (0)7121 - 9000-395Fax: +49 (0)7121 - 9000-99Email: abartmann@manz.comcometis AGClaudius KrausePhone: +49 (0)611 - 205855-28Fax: +49 (0)611 - 205855-66Email: krause@cometis.deAdditional features:File: Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs of the State of Baden-Wuerttemberg, Martin Drasch, CEO of Manz AG and Thomas Bareiß, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy. 27.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Manz AG Steigäckerstr. 5 72768 Reutlingen Germany Phone: +49 (0) 7121 9000-0 Fax: +49 (0) 7121 9000-99 E-mail: info@manz.com Internet: http://www.manz.com ISIN: DE000A0JQ5U3 WKN: A0JQ5U Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1188548 End of News DGAP News Service

  • EQS Group

    Manz AG receives confirmation for funding within the scope of the European Commission's IPCEI project 'EuBatIn - European Batteries Innovation'

    Manz AG / Key word(s): FinancingManz AG receives confirmation for funding within the scope of the European Commission's IPCEI project 'EuBatIn - European Batteries Innovation'26-Jan-2021 / 16:19 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Publication of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation)Manz AG receives confirmation for funding within the scope of the European Commission's IPCEI project "EuBatIn - European Batteries Innovation"Reutlingen, January 26, 2021 - Manz AG, Reutlingen, (ISIN: DE000A0JQ5U3), was informed today that it has been granted substantial subsidies within the scope of the so-called IPCEI (Important Project of Common European Interest) "EuBatIn - European Batteries Innovation". The European Commission's funding, allocated for the establishment of a European Li-Ion battery production, will support the development of highly innovative and sustainable production technologies for lithium-ion battery cells and modules, which are characterized by a longer service life, shorter charging times, lower costs and a lower environmental impact compared to the current battery generation.The amount of the funding that Manz AG will receive to realize the "Lithium-Ion Battery Factory of the Future" project has not yet been determined. Subject to final commitments to finance Manz AG's own contribution, the project is to be implemented by group companies in Germany and Italy. The project objective of the "Lithium Battery Factory of the Future" is to develop innovative production processes and the associated equipment based on a new, digitized and more cost-effective business model.Additional information:ISIN: DE000A0JQ5U3Securities identification number: A0JQ5UStock exchange abbreviation: M5ZMarket segment: Regulated Market (Prime Standard) of the Frankfurt Stock ExchangeManz AGSteigäckerstraße 572768 ReutlingenGermany Investor Relations Contact:Manz AGAxel BartmannPhone: +49 (0)7121 - 9000-395Fax: +49 (0)7121 - 9000-99E-Mail: abartmann@manz.comcometis AGClaudius KrausePhone: +49 (0)611 - 205855-28Fax: +49 (0)611 - 205855-66E-Mail: krause@cometis.de26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Manz AG Steigäckerstr. 5 72768 Reutlingen Germany Phone: +49 (0) 7121 9000-0 Fax: +49 (0) 7121 9000-99 E-mail: info@manz.com Internet: http://www.manz.com ISIN: DE000A0JQ5U3 WKN: A0JQ5U Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1163424 End of Announcement DGAP News Service