Corporate | 12 June 2007 08:35
Manz Automation AG / Results Forecast Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Reutlingen, June 12, 2007. Manz Automation AG, one of the world’s leading producers of automation solutions, quality assurance and laser process technology for the photovoltaic and LCD industry, again increases its forecast for the current fiscal year 2007. The company acquired further new orders in the crystalline and thin film solar cells divisions, so that the order volume rose to over EUR 80 million at the end of May 2007. The executive board now expects sales in the amount of EUR 65 million to EUR 68 million for the fiscal year 2007. The EBIT guidance correspondingly increases to between EUR 8.1 million and EUR 8.5 million. As recently as May, the company had set a sales objective between EUR 60 million and EUR 63 million as well as EBIT of EUR 6.0 million to EUR 6.5 million. The increased guidance corresponds with an increase in sales of over 50% compared to the previous fiscal year (2006: EUR 44 million) On average, the production time for orders lies between six and nine months. Thus, the lion’s share of the current order volume will already take effect within the current fiscal year. Thanks to the strong growth forecast for the entire market, especially photovoltaics, the Reutlingen-based engineering company still expects significant double-digit growth rates with sales and earnings for the coming fiscal year 2008. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Company profile Manz Automation AG develops and manufactures systems and components for automation, quality assurance and laser process technology. The company's core competences are to be found in robotics, image processing, laser technology and control technology. Manz Automation AG thus unites bundled expertise from elementary technology areas to achieve optimum results for its customers. The company has three divisions: photovoltaic (systems.solar), LCD (systems.lcd) and components and OEM systems (systems.aico) for automation in various sectors of industry. In addition, Manz Automation AG is planning to equip laboratory systems in the pharmaceuticals and life science sector with its technology (systems.lab). Reutlingen-based Manz Automation AG was formed in 1987 and has branches in the USA, Taiwan, Korea, China and Hungary. In fiscal year 2006 the Manz group recorded total operating revenue totaling around EUR 44 million, up approx. 50% year-on-year. More than 60% of revenues were recorded abroad, in particular in Asia. Shares of Manz Automation AG have been listed on the Frankfurt Stock Exchanges Entry Standard with ISIN DE000A0JQ5U3 or WKN (German Securities Code) A0JQ5U since September 22, 2006. Contact Manz Automation AG Birte-Christina Benecke Tel: +49 (0)7121 – 9000-21 Fax: +49 (0)7121 – 9000-99 e-mail: bbenecke@manz-automation.com Investor Relations cometis AG Ulrich Wiehle Tel: +49 (0)611 – 205855-11 Fax: +49 (0)611 – 205855-66 e-mail: wiehle@cometis.de DGAP 12.06.2007 ----------------------------------------------------------------------