par Manz AG (isin : DE000A0JQ5U3)
Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year
EQS-News: Manz AG / Key word(s): Preliminary Results/Forecast
Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year
12.03.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Manz AG publishes preliminary figures for the 2023 financial year and issues forecast for the 2024 financial year
- Revenues of EUR 250.1 million are as expected close to previous year's level in a difficult macroeconomic environment
- Group EBIT reaches EUR 4.3 million after EUR -4.2 million in the previous year
- Mobility & Battery Solutions and Industry Solutions segments both generate a positive EBIT contribution with stable revenues
- Forecast for 2024: revenues to increase in the mid single-digit percentage range, EBIT in the low single-digit percentage range
Martin Drasch, CEO of Manz AG, comments: „2023 was not an easy year for us, as it probably also has not been for all market players in our industry. We were also hit by many crises and challenges. Nevertheless, in many discussions with our customers and interested parties, we can see that our markets regain momentum and that our product range is meeting demand, especially with its focus on the European production of innovative production solutions for lithium-ion batteries and other components of the electric powertrain. We are therefore very optimistic that we will also be able to create significant added value for our target markets and customers in the medium and long term.“
Both of the company's segments were able to keep their revenues stable in the reporting period. The Mobility & Battery Solutions segment generated revenues of EUR 91.7 million, compared to EUR 92.3 million in the previous year. Segment EBITDA increased significantly and amounted to EUR 5.6 million (previous year: EUR -7.3 million). EBIT in this segment amounted to EUR 0.5 million and turned positive compared to the same period in the previous year (previous year: EUR -12.5 million). The EBIT margin in this segment was therefore 0.5%.
In view of the deteriorating global economic outlook and various political uncertainties, incoming orders in the 2023 financial year were below expectations overall, but regained momentum in the fourth quarter. Incoming orders reached EUR 60 million in the fourth quarter of 2023 and were therefore significantly higher than in the first three quarters of 2023. Incoming orders reached a total of EUR 195.7 million in the 2023 financial year (previous year: EUR 359.7 million). The order backlog as at December 31, 2023 amounted to EUR 185.8 million (previous year: EUR 339.9 million).
Manz AG will publish the final figures for the 2023 fiscal year with the full 2023 Annual Report on March 28, 2024.
Preliminary figures for 2023 in a year-on-year comparison
| in Mio. EUR | 2023 | 2022 | Change |
| Manz AG | |||
| Revenues | 250.1 | 251.0 | -0.3% |
| EBITDA* | 16.1 | 8.0 | 101.2% |
| EBIT* | 4.3 | -4.2 | 202.5% |
| Mobility & Battery Solutions | |||
| Revenues | 91.7 | 92.3 | -0.6% |
| EBITDA* | 5.6 | -7.3 | 177.1% |
| EBIT* | 0.5 | -12.5 | 103.9% |
| Industry Solutions | |||
| Revenues | 158.4 | 158.6 | -0.2% |
| EBITDA* | 10.5 | 15.2 | -31.4% |
| EBIT* | 3.8 | 8.3 | -54.1% |
*Adjustment of previous year's items: Guarantee commissions are now reported under financial expenses instead of other operating expenses. EBITDA and EBIT for the previous year improved accordingly.
About Manz AG
As a high-tech engineering company, Manz AG develops best-in-class production solutions for lithium-ion batteries as well as electronic components and devices for its customers. Thus, Manz is an innovative pioneer for the global megatrends of electromobility and digitalization.
Manz covers the entire range of modern production solutions: From customized individual machines for laboratory production or pilot and small series production to standardized modules and systems to turnkey lines for efficient mass production. Customers benefit from high resource efficiency with higher throughput and shorter time-to-market.
With currently around 1,500 employees, the Manz Group 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 was founded in 1987 and generated revenues of 251.0 million euros in the 2022 fiscal year with its two segments Mobility & Battery Solutions and Industry Solutions. The shares (ISIN: DE000A0JQ5U3) are listed on the regulated market of the Frankfurt Stock Exchange (Prime Standard).
Contact:
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 9000-395
E-Mail: investor-relations@manz.com
Kirchhoff Consult AG
Mario Groß
Tel.: +49 (0)40 609 186 83
E-Mail: manz@kirchhoff.de
12.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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| 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: | 1856067 |
| End of News | EQS News Service |
1856067 12.03.2024 CET/CEST