Manz AG achieves clearly positive result in 2020 in difficult market environment
DGAP-News: Manz AG / Key word(s): Preliminary Results
09.03.2021 / 07:30
Manz AG achieves clearly positive result in 2020 in difficult market environment
Sales of 237 million euros below previous year in the course of the global COVID-19 pandemic, as expected
EBITDA increased by 10 million euros year-on-year to 19.4 million euros; EBITDA margin at 8.0 %
EBIT growth of around 15 million euros results in clearly positive EBIT of 7.2 million euros
Exceptional momentum in Energy Storage in 2020 with order intake of almost 130 million euros
Positive outlook for 2021 thanks to continued momentum in the e-mobility market and an order backlog of over 200 million euros
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Manz AG: Sale of shares in Talus Manufacturing Ltd. completed
DGAP-News: Manz AG / Key word(s): Joint Venture
26.01.2021 / 07:30
Manz AG: Sale of shares in Talus Manufacturing Ltd. completed
Sale of shares to Lam Research successfully completed
Proceeds from the sale in the mid double-digit million-euro range
Proceeds to strengthen strategic core business, above all the Energy Storage segment
Reutlingen, January 26, 2021 - The sale of Manz AG s 80.5% stake in Talus Manufacturing Ltd. to Lam Research Corporation was successfully completed after all regulatory approvals in Taiwan were granted. Previously, Lam Research s stake was 19.5%. The sale price is in the mid double-digit million-euro range and serves Manz AG to further focus on its strategic core business. In particular, the funds are to be used for the expansion of the fast-growing Energy Storage segment.