Manz AG wins two major orders in its Display division totalling around EUR 56 million

(PresseBox) ( Reutlingen, )
- Evidence of company's successful diversification
- Display segment remains business model's main pillar due to dynamic market growth
- Positive prospects of further major orders during the first half year

Manz AG, one of the world's leading high-tech engineering companies with an extensive technology portfolio in the three strategic divisions "Display", "Solar" and "Battery", has received two follow-up orders in its Display division with a volume of around EUR 56 million. Manz thereby continues last year's dynamic trend in new orders received from the display industry. These orders will largely become effective in terms of sales revenues and earnings in the first half of 2013.

The orders, which have been placed by established Asian suppliers to the electronics industry, comprise equipment to manufacture touchpanel displays, and components for smart phones and tablet computers. These follow-up orders underscore Manz AG's successful progress over recent years. The engineering company has become a sought-after provider of high-tech production equipment in the display industry thanks to its cross-sector technology transfer and extensive technological know-how. The company especially benefits from its "follow the market" strategy in this context. Regional presence on Asian markets allows Manz AG to offer German engineering expertise to its Far Eastern clients at local prices. With production, research and development sites in Taiwan and China, Manz is outstandingly positioned in the countries with the largest production locations of the display industry.

The Display division has established itself as a very profitable and high-growth pillar within Manz AG's business model over recent years. With the major order that has now been received, Manz is continuing this positive trend in 2013: new order intake in this division has totalled more than EUR 80 million in the November 2012 to January 2013 period. Dieter Manz, CEO of Manz AG, identifies in current overall conditions very good opportunities for a continuing positive development in the Display segment: "All over the world, we observe rapid growth in demand on the end-customer market for touch screen mobile devices such as smart phones or tablet computers. The current trend on the notebook market is also towards equipment with touchpanel functions. The increasing integration of touchpanel displays into a growing number of products offers Manz AG excellent opportunities. With our innovative products and solutions for wet chemical process steps, we are global market leader within the manufacturing of touch sensors - the electronic components that actually convert "normal" displays into touchpanel displays. For this reason, we see overall significant sales potential for our machines in the future and very good prospects of winning further major orders during the first half of this year - and consequently excellent opportunities of a positive corporate performance in the current financial year."
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