Manz Automation posts €15.9 million loss for 2009: order book at €70 million


Manz Automation took a heavy hit from the fall in equipment sales in the solar and LCD industries in 2009. Revenue for 2009 was €85.9 million, down sharply from €236.5 million in 2008. Cost cutting measures limited losses to €15.9 million. Manz Automation saw fourth quarter sales jump sharply as a recovery in the PV industry netted sales of €39.2 million (previous year: €77.4 million), accounting for 45.6% of the total annual revenues. Order book stood at €40 million in mid-December 2009, but has increased to €70 million as of February 28, 2010, according to the company. Manz said that it expects a return to double digit growth in 2010.

“Manz Automation is excellently positioned – we did our homework last year,” noted Dieter Manz, CEO of Manz Automation. “Our further-developed product range means that we lead the market for technology. The use of state-of-the-art equipment is particularly important for our customers – especially during the current phase – in order to effectively combat the increasing cost pressure. That is why we are forecasting high double-digit percentage revenue growth and positive EBIT for the current fiscal year.”

Manz recorded operating profit of €0.2 million in the fourth quarter.

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 17, 2024
Germany has been consistently adding over 1GW of solar PV capacity every month since March 2023, and has passed a total of 90GW capacity.
July 17, 2024
From January to May this year, 251 new solar projects became operational in the US, with a combined capacity of 10,669MW.
July 17, 2024
Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.
July 17, 2024
US utility PacifiCorp and rPlus Energies signed a power purchase agreement (PPA) for the Green River Energy Center project in 2022.
July 17, 2024
US-based PV manufacturer Mission Solar Energy has unveiled three new modules aimed at commercial and industrial and utility-scale projects.
July 17, 2024
Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

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