Manz Automation expects new wave of PV equipment purchases

Facebook
Twitter
LinkedIn
Reddit
Email

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.”

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

July 22, 2024
Renewable energy developer Acen Australia has submitted the scoping report for its 100MW solar-plus-storage project in New South Wales.
July 19, 2024
US solar manufacturer First Solar has started an investigation into several crystalline-silicon cell solar manufacturers for potential infringement of its patents.
July 19, 2024
Investment fund Quinbrook Infrastructure Partners and its subsidiary Primergy Solar have reached commercial operations at their 690MWac/966MWdc Gemini solar-plus-storage project in Nevada.
July 19, 2024
The Energy Storage for Resilient Homes Act would allow residents of the two states to use funding from the Federal Emergency Management Agency (FEMA) to purchase residential BESS.
July 19, 2024
SunPower said the decision was not made "lightly" and will consider options to support its mutual customers and collective business pipeline.
July 19, 2024
Sungrow has signed an agreement with Hero Group's renewables arm Hero Future Energies to supply 850MW of inverters.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA