Manz AG

  • WKN: A0JQ5U
  • ISIN: DE000A0JQ5U3
  • Land: Deutschland

Nachricht vom 07.07.2020 | 07:29

Manz AG receives further order from leading battery manufacturer

DGAP-News: Manz AG / Key word(s): Incoming Orders
07.07.2020 / 07:29
The issuer is solely responsible for the content of this announcement.

Manz AG receives further order from leading battery manufacturer

  • Follow-up order for Manz in the Energy Storage segment demonstrates high level of customer confidence
  • Volume in the mid double-digit million euro range is spread over the years 2020 and 2021
  • Order underlines the great growth potential in the consumer electronics sector

Reutlingen, July 7, 2020 - Manz AG, a global high-tech engineering company with an extensive technology portfolio, is expanding its successful partnership with one of the world's leading battery manufacturers in the Energy Storage segment with a further major order in the mid double-digit million euro range. Half of the order volume will impact revenues and earnings in 2020 and half will accrue in 2021.

The follow-up order underlines the strong growth dynamics in the consumer electronics sector. As part of the new order, additional production lines will be installed at the customer's site and existing ones will be upgraded. The existing plant concept will be further optimized with the aim of significantly increasing production capacities and thus improving the overall productivity of cell manufacturing.

Manz AG's customers benefit from the many years of expertise of the Reutlingen-based high-tech engineering company. For over 30 years, Manz AG's Italian subsidiary has been a leader in production equipment for wound cells and micro-capacitors. This expertise gives Manz AG's clients a key competitive advantage, particularly in the fast-growing consumer electronics sector.

Martin Drasch, Manz AG's CEO, commented on the new orders: "Our engineers at the European locations work closely with our clients on continuous improvements. That is why we are pleased to receive this follow-up order, which confirms our customer's trust in the exclusive partnership in the development of wound lithium-ion battery cells for mobile devices. Once again it shows that, despite Covid-19, we are well on the way to achieving our ambitious growth targets in the Energy Storage segment for 2020."
 

Company profile:

Manz AG - passion for efficiency

Founded in 1987, Manz AG is a global high-tech equipment manufacturing company. Its business activities cover the areas of Solar, Electronics, Energy Storage, Contract Manufacturing and Service.

With many years of expertise in automation, laser processing, vision and metrology, wet chemistry and roll-to-roll processes, the company offers manufacturers and their suppliers innovative production solutions in the areas of photovoltaics, electronics, and lithium-ion battery technology. The company's product portfolio includes both customer-specific developments and standardized single machines and modules, which can be linked to create complete custom systems. Manz AG offers high-quality, needs-based solutions that can be integrated early into customer projects to contribute significantly to customer success.

The company, listed on the stock exchange in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales and service branches in the USA and India. Manz AG currently employs roughly 1,600 workers worldwide, around half of whom work in the Asia region, which is key to the company's target industries. Manz Group revenue in the 2019 financial year totalled around 264 million euros.

Contact

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

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



07.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

ESG-Whitepaper im Fokus

The Corporate ESG Guide: A 360 view on the current landscape and trends

Die ESG-Kriterien (Environmental, Social and Governance) werden auch für Emittenten immer wichtiger, wenn sie für Investoren attraktiv bleiben wollen. In dem Whitepaper “The Corporate ESG Guide: A 360 view on the current landscape and trends” beantworten die Experten von Investor Update grundlegende Fragen von Emittenten. Außerdem kommen Vermögensverwalter, Unternehmensberater Manager und ESG-Ratingagenturen zu wichtigen ESG-Themen zu Wort.

GBC-Fokusbox

"GBC Best of m:access 2020": Neue vielversprechende Auswahl

Unsere letztjährige „GBC Best of m:access“-Auswahl hat sich mit einer Performance von über 50 % überdurchschnittlich stark entwickelt und alle relevanten Indizes hinter sich gelassen. Im Rahmen der vorliegenden aktualisierten Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte Selektion, die weiterhin 15 Unternehmen umfasst. Die aktuellen Einschätzungen zu den Einzeltiteln und auch weitere Informationen zur Entwicklung des m:access sind in der vollständigen Studie „GBC Best of m:access 2020“ enthalten.

Aktuelle Research-Studie

EQS Group AG

Original-Research: EQS Group AG (von GSC Research GmbH): Verkaufen

27. November 2020