Equipment supplier, Manz AG, reported revenue doubling in the first half of the year to €130 million, compared to the same period a year ago. Strong growth from the FPD market is set to continue through the rest of year, while solar equipment upgrades for higher efficiency solar cells are also supporting confidence in retaining full-year revenue guidance of €240-€250 million.
“The currently critical capital market environment, particularly for solar stocks, shows that it was correct for us to diversify our business model, and to orientate ourselves consistently toward high-growth sectors of the future,” commented Dieter Manz, CEO of Manz AG. “Along with an optimised cost structure that has smoothed our path back to profitability, innovative products at competitive prices are the key to sustainable success for us.”
Manz AG generated improved earnings before interest and tax (EBIT) of €3.5 million, compared with the previous year's operating loss of €1.5 million. Net income in the period stood at €2.7 million, compared with the previous year's net loss of €0.7 million.