DGAP-Adhoc: Manz AG: Forecast Adjustment for Fiscal Year 2015

Manz AG  / Key word(s): Change in Forecast

30.06.2015 20:14

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Manz AG: Forecast Adjustment for Fiscal Year 2015

Reutlingen, 30 June 2015. The Managing Board of Manz AG, Reutlingen (ISIN:
DE000A0JQ5U3) has revised its annual forecast of a revenue volume of EUR
320 - 340 million and a clearly positive EBIT, following its strategy
conference.

This is due to a recently received order cancellation with a volume of
approx. EUR 12 million in the Electronics division. This resulted from the
end customer's decision for an alternative technical solution in the final
product, and was consequently not a result of Manz AG's responsibility. The
related follow-up orders which were included in the annual forecast, with a
high, double-digit million volume in Euros, could likewise not be realized
as a result.

The incoming orders delay in the Energy Storage segment also contributed to
the forecast adjustment. The orders which were actually anticipated for
April and June are expected to be placed in the next few weeks. As a
result, planned revenues shift to a large degree to the fourth quarter and
to the next year.

Consequently, the Managing Board now expects a moderate decline in revenues
for the 2015 fiscal year compared to the previous year (2014: EUR 305.9
million) and an improved but likely negative EBIT for the 2015 year. A more
concrete outlook for the overall year will be published following the
receipt of some important orders and the resulting improved visibility with
regard to further business performance.

The Managing Board remains optimistic with regard to the high potential of
the three strategic business segments of Electronics, Solar and Energy
Storage. The diversification of customers, regions and technologies in
these strategic business segments will be continued consistently in order
to further reduce dependency on large customers and the volatile market
development.

Additional information:

ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker symbol: M5Z
Market segment: regulated market (Prime Standard) of the Frankfurt Stock
Exchange

Manz AG
Steigaeckerstrasse 5
72768 Reutlingen, Germany
Germany

< End of the Ad-hoc Announcement>

Investor Relations Contact

cometis AG
Ulrich Wiehle / Claudius Krause
Tel.: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66 
E-mail: krause@cometis.de

Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-mail: abartmann@manz.com


30.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Manz AG
              Steigäckerstr. 5
              72768 Reutlingen
              Germany
Phone:        +49 (0) 7121 9000-0
Fax:          +49 (0) 7121 9000-99
E-mail:       info@manz.com
Internet:     http://www.manz.com
ISIN:         DE000A0JQ5U3
WKN:          A0JQ5U
Indices:      TECDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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