Manz Automation AG: Significant growth in H1 2007
- Total operating revenue up more than 50% to € 30.94 million
- EBIT up 63% to € 3.88 million
Manz Automation AG is one of the world's leading producers of automation, quality assurance and laser process technology for the photovoltaic and LCD industry and again recorded substantial growth in the first six months of 2007. According to preliminary results, the Reutlingen-based high-tech engineering company increased sales from € 20.00 million in H1 2006 to € 28.07 million. Total operating revenue increased by around 52% to € 30.94 million (previous year: € 20.38 million).
In the first six months, EBIT also climbed significantly by more than 63% to € 3.88 million (previous year: € 2.37 million). The EBIT margin, which has increased to 13.8% (previous year: 11.9%), is primarily due to the increasing standardization of the equipment produced, in particular in the high-growth solar sector. Especially in this segment Manz Automation has been able to set international trends and standards. Compared to H1 2006, pre-tax earnings (EBT) doubled to € 3.85 million (previous year: € 1.90 million). The pre-tax margin thus lifted to 13.7%. At the same time, Manz Automation's profits also doubled to € 2.40 million, compared to € 1.22 million in the first six months of the previous year. This corresponds to earnings per share of € 0.73.
The cash flow from operating activities also increased substantially to € 5.08 million (H1 2006: € -3.24 million). This is also due to the advance payments received for major orders. As a result of the continued high order book totaling more than € 80 million, the Managing Board has confirmed its forecast for 2007. Manz Automation aims to record increased revenues of € 65 – 68 million with EBIT of € 8.1 – 8.5 million.
The final H1 figures will be published together with the half-year report on August 24, 2007.
Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the world's leading technology providers in terms of market shares for systems for automation, quality assurance and laser process technology for the photovoltaic industry and for automation and wet chemicals for the LCD industry. The Manz Group's core competences are in robotics, image processing, laser technology, wet chemicals as well as control and drive technology. The Manz Group's key strategic divisions are photovoltaic (systems.solar), LCD (systems.lcd) and OEM systems (systems.aico) for automation in various industrial sectors and the life science industry. 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. The Manz Group recorded revenues of € 71.2 million in fiscal year 2007 with an EBIT margin of 14.1%. More than 57% of revenues were generated abroad, in particular in Asia. The Manz Group recorded revenues of € 101.6 million and an EBIT margin of 11.8% in the first half of fiscal year 2008.