Manz AG confirms business performance in 2021 and expects strong revenue growth in 2022

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DGAP-News: Manz AG / Key word(s): Annual results

Manz AG confirms business performance in 2021 and expects strong revenue growth in 2022

31.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Manz AG confirms business performance in 2021 and expects strong revenue growth in 2022
  • 2021 commercial performance confirmed with revenue of €227.1 million and EBITDA of €18.3 million
  • EBIT of -16.1 million euros impacted by impairments of 21.6 million euros
  • 2022 forecast: Profitable growth expected with revenue growth in the mid-double-digit percentage over 2021

Reutlingen, March 31, 2022 – Manz AG, a globally active high-tech engineering company with a comprehensive technology portfolio, today released its full report for the 2021 financial year. The company thus confirms its performance commercial year 2021 with revenue of €227.1 million (previous year: €236.8 million) and earnings before interest, tax, depreciation and amortization (EBITDA) of €18.3 million (previous year: 19.4 million euros). Earnings before interest and tax (EBIT) of -16.1 million euros (prior year: 7.2 million euros) was impacted by goodwill impairments of 21.6 million euros and a name brand in connection with the CIGS solar project in China, as already communicated. The consolidated financial statements and the group management report have been audited by Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft and issued with a qualified audit opinion, as the auditor is of the opinion that there is insufficient evidence for the recoverability of a contract asset of the solar project in the consolidated accounts. financial statements for an amount of 23.2 million euros. On the other hand, the management board and the supervisory board of Manz AG are convinced of its intrinsic value.

Martin Drasch, CEO of Manz AG, comments: “In 2021, we achieved many important milestones and refined our growth strategy by focusing on the automotive and electric mobility, battery production, electronics, energy and electronics sectors. medical technologies. In particular, we have significantly strengthened our positioning as a high-tech machine manufacturer in the electromobility market. At the beginning of 2022, we have adapted our organizational structure accordingly and will report in the future in the two new segments Mobility & Battery Solutions and Industry Solutions. This will enable us to offer our customers a technology and a product portfolio that is even better aligned with their needs. In addition, this realignment positions us more effectively to profit even more effectively opportunities in our growing markets.

As part of the restructuring of Manz AG, the current COO Jürgen Knie will leave the company by mutual agreement on March 31, 2022 to pursue new career opportunities. “We would like to take this opportunity to say goodbye to our valued colleague on the Board of Directors, Jürgen Knie. Mr. Knie worked very successfully for Manz AG for more than 11 years, including more than 8 years as Managing Director of our site in Slovakia and almost 3 years as COO of Manz AG. We thank him very much for his commitment and integrity over all these years and wish him all the best for his private and professional future.” said Martin Drach.

For 2022, the Board of Directors expects profitable growth due to the overall positive outlook for the industry in the countries and markets relevant to Manz AG. The extent to which the war in Ukraine will affect overall economic and sectoral conditions in 2022 cannot currently be reliably estimated due to the considerable uncertainties and high level of momentum. Compared to 2021, a significant increase in revenue in the mid-double-digit percentage range, EBITDA margin in the mid-to-upper positive single-digit percentage range and EBIT margin in the single-digit percentage range Low to medium positive numbers are expected. This forecast does not yet include an agreement with the Chinese contractual partner on the realization of the CIGSfabulous project. At the segment level, management expects Mobility & Battery Solutions segment revenue to double year-on-year and an EBIT margin in the low to mid positive single-digit percentage range. For the Industrial Solutions segment, revenue growth in the low double digit percent range and EBIT margin in the low to mid positive single digit percent range are expected.

The full report for the 2021 financial year is available for download today on the company’s website www.manz.com in the Investor Relations / Publications section.

Revenue, EBITDA and EBIT 2021 compared to the previous year

in millions of euros 2021 2020 ?
Group turnover 227.1 236.8 -4.1%
Solar 5.3 23.2 -77.1%
Electronic 96.5 90.7 +6.4%
Energy Storage 77.6 64.7 +20.0%
Contract Manufacturing 24.7 37.0 -33.5%
Service 23.0 21.2 +8.4%
Group EBITDA -16.1 7.2 -322.3%
Solar -31.1 -7.8 -295.8%
Electronic -4.8 -5.4 +10.4%
Energy Storage 1.7 6.9 -75.9%
Contract Manufacturing 16.0 12.2 +30.6%
Service 2.1 1.3 +59.9%
Group EBITDA 18.3 19.4 -5.5%
Solar -5.9 -5.1 -15.1%
Electronic -1.1 -1.0 -16.4%
Energy Storage 5.5 10.3 -46.8%
Contract Manufacturing 16.9 13.1 +29.4%
Service 2.9 2.1 +38.9%

Company profile:

Manz AG – production engineering of tomorrow

Manz AG is a globally active high-tech engineering company.

With a focus on the automotive industry and electromobility, battery production, electronics, energy and medical technology, Manz develops and builds innovative and efficient production solutions: customized individual machines for production in laboratory or pilot and small series production, to standardized modules and systems. , to turnkey lines for mass production.

Technologically, Manz’s production equipment is based on many years of experience in automation, laser processing, inspection systems and wet chemistry.

With currently around 1,400 employees, the Manz Group develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. Sales and service subsidiaries also exist in the United States and India.

Manz AG was founded in 1987 and has been listed on the Frankfurt Stock Exchange since 2006. In the 2021 financial year, the Group achieved sales of around 227 million euros.

Contact:

Manz S.A.
Axel Bartman
Phone. : +49 (0)7121 – 9000-395
Fax: +49 (0)7121 – 9000-99
Email: [email protected]

cometis S.A.
Claude Krause
Phone. : +49 (0)611 – 205855-28
Fax: +49 (0)611 – 205855-66
Email: [email protected]

31.03.2022 Dissemination of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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