Having experienced a significant decline in equipment sales this year, Manz Automation is expecting a new wave of capital equipment spending as PV manufacturers will need to boost cell conversion efficiencies to remain competitive.
“We are superbly positioned for the next stage of our growth,” noted Dieter Manz, CEO of Manz Automation AG. “Over the past few months we have launched a large number of innovations that will set standards in the industry. Solar cell manufacturers will have to invest again in the coming months in order to be able to manufacture competitively. We offer the world’s leading solutions in this regard, and this together with our low-cost production facilities in Asia, mean that we are excellently positioned to participate in this upswing.”
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Manz made the remark in connection to the release of its first 9-month financial report. The company noted that total revenue reached €59.14 million for the period, down from €162.11 million in the same period a year ago.
Although the company expects to be profitable in the fourth quarter due to a pick-up in sales and an order backlog of €78 million. Manz expects a loss for the year due to weak market conditions for the majority of the year. The company guided full year revenue of between €80 and €85 million.
