Manz Automation doubles revenue in first nine months of 2010

Facebook
Twitter
LinkedIn
Reddit
Email

Manz Automation has reported strong revenue growth in the first nine months of 2010. Sales reached €121.3 million, compared to €46.7 million in the same period a year ago. Revenues in the third quarter of 2010 reached €53.8 million, driven by new product sales for the production of crystalline solar cells. Revenue was €18.5 million in the same quarter of the previous year. Due to continued demand, Manz has raised its revenue guidance for 2010 to between €170- €175 million, up from at least, €140 million.

“We already have a broad range of new products, which set standards for key parameters such as throughput rates, efficiency and costs, in particular in the PV industry,” noted Dieter Manz, CEO of Manz Automation. “This was confirmed again by the orders we have recently received from our customers. We are sticking to our target of recording a balanced result in 2010 as a whole. The recent new orders mean that we have solid foundations to link in to our positive growth in the coming fiscal year. In addition, we are currently in negotiations with many existing and potential customers, and the new orders are thus a welcome partial success. Our customers are increasingly prepared to make investments, which puts more wind in our sails for fiscal year 2011.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

2010 Manz Automation also reported new orders worth close to €25 million – in particular from Asian customers. These primarily include automation and system solutions for the production of crystalline solar cells.

Read Next

Premium
October 10, 2025
Gaëtan Masson of IEA PVPS warns of overcapacity, collapsing prices and slipping module quality in the new Trends in PV Applications report.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK