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    M5Z   DE000A0JQ5U3

MANZ AG

(M5Z)
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Manz : reports to Annual General Meeting on positive business development in the course of focused growth strategy

07/07/2021 | 09:01am EDT

DGAP-News: Manz AG / Key word(s): AGM/EGM
Manz AG reports to Annual General Meeting on positive business development in the course of focused growth strategy

07.07.2021 / 15:00
The issuer is solely responsible for the content of this announcement.


Manz AG reports to Annual General Meeting on positive business development in the course of focused growth strategy

- Profitable business development in 2020 and positive start in 2021 despite COVID 19 challenges

- Growth impulses particularly from the markets for battery production and e-mobility

- Management Board sees positive outlook for 2021 and beyond thanks to focused growth strategy in selected industries and sectors


Reutlingen, July 07, 2021 - Manz AG, a globally active high-tech engineering company with an extensive technology portfolio, successfully held its 2021 Annual General Meeting today. As a result of the general restrictions caused by the COVID 19 pandemic, this year's Annual General Meeting was once again held virtually. At the time of voting, the presence of the represented share capital was 57.2%, all agenda items were approved with a large majority. In particular, the Supervisory Board was elected by the Annual General Meeting for further five years.

The Managing Board reported in detail on the positive developments in the 2020 fiscal year and the first quarter of 2021. Despite the numerous restrictions and challenges posed by COVID 19, Manz took advantage of the market dynamics in the battery manufacturing and e-mobility segments in particular. In this context, the company was able to convince numerous customers with production equipment for battery manufacturing as well as with assembly solutions around the electric powertrain.

Martin Drasch, CEO of Manz AG, comments: "Our many years of expertise as a high-tech engineering company is not only met with great interest by our customers. Our clear focus is also perceived on the capital market - this was also reflected at this year's Annual General Meeting, among other things. We are of course very pleased about this and would like to thank all shareholders for their question submissions and their participation in the event!"

The Managing Board intends to take advantage of the opportunities that will present themselves to Manz as a high-tech engineering company in 2021 and beyond worldwide with its growth strategy focused on selected sectors and industries. With its innovative and efficient production solutions, Manz is concentrating on dynamic industries such as automotive and e-mobility as well as battery production. The focus is also on electronics, energy, and medical technology. The product portfolio includes customized individual machines, standardized individual machines and modules that can be linked together to form individual systems, as well as turnkey systems for mass production.

"Currently, the global demand for li-ion battery cells and modules is increasing rapidly due to the enormous dynamics in e-mobility. This is also reflected in the ongoing positive order trend from existing and new customers. And with the EU funding in the triple-digit million-euro range promised in April 2021, we are already developing the battery factory of the future today," Martin Drasch elaborates. "At the same time, however, we continue to identify attractive niche markets in other industries that offer us growth potential for the future. For example, in fan-out panel level packaging, a new type of packaging process for microchips, or our automation systems in display manufacturing. We want to continue on this path and therefore believe that Manz AG is well positioned for the future."

The detailed voting results for the respective agenda items are available for download from the Investor Relations / Annual General Meeting section of the Company's website at www.manz.com.


Company Profile:

Manz AG - passion for efficiency

Founded in 1987, Manz AG is a globally active high-tech engineering company. Its business activities comprise the Solar, Electronics, Energy Storage, Contract Manufacturing and Service segments.

With many years of expertise in automation, laser processing, inspection systems and wet chemistry, the company offers manufacturers and their suppliers innovative production solutions in the fields of photovoltaics, electronics and lithium-ion battery technology. The product portfolio includes both customer-specific developments and standardized individual machines and modules that can be linked together to form complete, individual systems. Above all, by involving Manz AG in customer projects at an early stage, the company makes a significant contribution to its customers' success with high-quality, demand-oriented solutions.

The group of companies, which has been listed in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. There are also sales and service subsidiaries in the USA and India. Manz AG currently employs around 1,400 people worldwide, around half of whom work in Asia, which is the key region for the company's target industries. The Manz Group's revenues amounted to around 237 million euros in the 2020 fiscal year.

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

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



07.07.2021 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


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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1216306

 
End of News DGAP News Service

1216306  07.07.2021 

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Sales 2021 256 M 300 M 300 M
Net income 2021 9,50 M 11,1 M 11,1 M
Net cash 2021 18,5 M 21,7 M 21,7 M
P/E ratio 2021 47,6x
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Nbr of Employees 1 366
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 50,10 €
Average target price 67,67 €
Spread / Average Target 35,1%
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Managers and Directors
Martin Drasch Chief Executive Officer
Manfred Hochleitner Chief Financial Officer
Heiko Aurenz Chairman-Supervisory Board
Jürgen Knie Chief Operations Officer
Dieter Manz Member-Supervisory Board
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