Manz Automation AG gains new order for laser scribing machines with volume of 45 million EUR
Order volume reaches new record of around 120 million EUR
CEO Dieter Manz is very pleased, and he is proud of the order: "This key order has a volume in excess of our entire 2006 revenues! It provides renewed confirmation of the significant technology synergies between the LCD and photovoltaic divisions. In addition, this order underscores our performance and our customers' trust in the technology and quality of our high-tech machines."
In spring 2007, Manz Automation had already received an order from the same customer for the delivery of laser scribing machines worth over 18 million EUR. With this new order, Manz will become the worldwide market leader for laser scribing machines within the rapidly growing market segment for thin-film solar applications no later than mid-2008. Thanks to the increasing standardization of parts and machines identical in construction, the management board is confident to also increase margins in the coming fiscal year.
Total order volume for Manz Automation has now reached more than 120 million EUR, a new record high in the twenty-year history of the company. The order volume reaches far into the fiscal year 2008.
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.