DGAP-News: Manz Automation AG publishes annual report 2009
(firmenpresse) - Manz Automation AG / Final Results
30.03.2010 07:59
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- Revenues of EUR 85.9 million in fiscal year 2009 (previous year: EUR
236.5 million)
- EBIT declines from EUR 28.6 million to EUR -15.9 million
- Strong equity ratio of around 78% and cash and cash equivalents of EUR 79
million
- Substantial growth expected for fiscal year 2010
Reutlingen, March 30, 2010 - Manz Automation AG, one of the world's leading
technology providers for the photovoltaic and LCD industries, recorded
revenues of EUR 85.9 million in fiscal year 2009 (previous year: EUR 236.5
million). In the fourth quarter of 2009 alone, revenues totaled EUR 39.2
million (previous year: EUR 77.4 million). This accounts for around 45.6%
of the total annual revenues, and is an initial indicator for a successful
turnaround. During the 2009 reporting period, total operating revenue
totaled EUR 101.1 million compared to EUR 234.8 million in 2008.
Consolidated EBIT fell to EUR -15.9 million (previous year: EUR 28.6
million). It was already possible to realize positive effects thanks to the
cost cuts which were put in place last fiscal year. For example, Manz
recorded operating profits again in Q4 totaling EUR 0.2 million, thus
underscoring its successful cost-cutting activities.
Pre-tax earnings (EBT) sank to EUR 13.0 million in 2009 after EUR 28.6
million in the previous year. This resulted in a consolidated net loss for
the period of EUR -11.0 million compared to net income of EUR 21.2 million
last year. This corresponds to earnings per share of EUR -2.15 (previous
year: EUR 5.04). In contrast, the cash flow from operating activities
increased significantly last year to EUR 39.7 million (previous year: EUR
-16.8 million) as a result of the lower requirements for working capital
last year.
This means that the revenue and earnings growth reflect the recession and
its impact on the solar industry. The new orders received from Asia show
that the current situation and further prospects have increased
significantly. Manz Automation is already enjoying excellent capacity
uptake in all of its divisions in the first quarter of the current fiscal
year. It was possible to stop the short-time work started in May 2009 on
January 1, 2010. This confirms the decision to sustainably invest in
research and development and to continue to employ and train employees at
the German locations during the crisis. As a result, Manz is able to give
the solar industry new impetus as an innovational motor with future-proof
solutions, and participate in the market's recovery at an early stage. The
increased equity ratio of around 78%, cash and cash equivalents of EUR 79
million and extensive lines of credit that have not yet been used mean that
the company has the foundations needed for new growth.
Dieter Manz, Manz Automation AG's CEO, is optimistic about the future:
'Manz Automation is excellently positioned - we did our homework last year.
Our further-developed product range means that we lead the market for
technology. The use of state-of-the-art equipment is particularly important
for our customers - especially during the current phase - in order to
effectively combat the increasing cost pressure.' He went on to comment on
the forecast for fiscal year 2010: 'That is why we are forecasting high
double-digit percentage revenue growth and positive EBIT for the current
fiscal year.'
Manz has been able to acquire new orders with a total volume of more than
EUR 40 million since mid-December 2009. This means that the Manz Group's
order book grew to a solid EUR 70 million as of February 28, 2010. The bulk
of this volume will impact revenues and earnings in 2010. Further orders
are currently being negotiated, which is why the management team is
confident that it will receive more orders in the coming weeks.
Manz Automation AG's newly designed Web site has been online since March 1,
2010. The 2009 annual report can be downloaded from the Investor Relations
section of www.manz-automation.com.
Company profile: Manz Automation AG
Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the
world's leading technology providers for production systems in the
photovoltaic industry, the LDC industry and for Li-ion battery production.
The Manz Group's core competences are in robotics, image processing, laser
technology, quality assurance, metallization, wet chemicals as well as
control and drive technology. In-depth research and development activities
mean that Manz Automation now ranks among the world's technology leaders in
these segments. The Manz Group has sales and service branches in Germany,
Taiwan, the USA, China, South Korea, India and Spain. In addition, the Manz
Group has its own production facilities in Germany, Slovakia, Hungary,
Taiwan and China.
Investor relations contact:
cometis AG
Ulrich Wiehle / Dominic Großmann
Tel.: +49 (0)611 - 205855-15
Fax: +49 (0)611 - 205855-66
E-Mail: grossmann(at)cometis.de
30.03.2010 07:59 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Manz Automation AG
Steigäckerstr. 5
72768 Reutlingen
Deutschland
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: info(at)manz-automation.com
Internet: http://www.manz-automation.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Indices: TecDAX
Listed:Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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