DGAP-Adhoc: Manz AG: Adjustment of revenue and earnings expectation for fiscal year 2011

| Source: EQS Group AG EQS Group AG 

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

28.10.2011 11:05

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Reutlingen, October 28, 2011 - At its meeting today, the Management Board
of Manz AG has reduced its revenue and earnings expectations for current
fiscal year due to the present market environment for solar equipment, and
the related demand decline in the second half of the year. As a
consequence, the Management Board now anticipates revenues of between EUR
220 million and EUR 230 million, and earnings before interest and taxes
(EBIT) that are still positive or at breakeven level.

The management has assumed to date that it can conclude the fiscal year
2011 with revenues of between EUR 240 million and EUR 250 million and to
achieve an EBIT margin of at least 5 percent. This was nevertheless subject
to the precondition that there would be no further deterioration in the
overall macroeconomic and sector-specific conditions over the remainder of
the year. The adjustment to the forecast is attributable to trends in the
photovoltaic segment, where outstanding orders, initial project
postponements and cancellations have been registered to a minor extent for
solar equipment. By contrast, the Flat Panel Display (FPD) and New Business
segments, which focus on lithium-ion batteries, lie ahead of the Management
Board's original expectations, although this is unable to fully compensate
for the trend in the photovoltaic segment.


Additional information:

ISIN: DE000A0JQ5U3
German Securities Identification Number (WKN) of the shares: A0JQ5U
Trading symbol: M5Z
Trading segment: Regulated market (Prime Standard) of the Frankfurt Stock
Exchange

Manz AG
Steigäckerstraße 5
72768 Reutlingen
Germany


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Information and Explaination of the Issuer to this News:

The complete 9-month report 2011 of Manz AG will be published on November
15, 2011 and can be downloaded from the company's website at www.manz.com
within the 'Investor Relations' area. 


Investor Relations-Kontakt

cometis AG
Dominic Großmann
Tel.: +49 (0)611 - 205855-15
Fax: +49 (0)611 - 205855-66 
E-Mail: grossmann@cometis.de


Public Relations-Kontakt

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





28.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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