Diversified manufacturing equipment specialist Manz reported a 13% increase in first quarter 2013 sales, reaching €49.8 million.
Solar segment sales remained muted at only €3.1 million. Manz said that its order book stood at €142 million with only 2.3% (€3 million) related to its solar segment. Order backlog stood at €128 million at the end of the fourth quarter of 2012, double the level in 2011, due to demand mainly from the Display industry.
The company had previously reported solar segment sales for 2012 of €16.4 million, a 77.5% decline when compared to €72.6 million in 2011.
Manz reported a negative EBIT of €1.4 million in the quarter, down from a negative €4.9 million in the first quarter of 2012.
Dieter Manz CEO and founder of Manz AG said in statement: “Our high order backlog and the excellent market prospects in the Display and Battery areas form an excellent basis for sustainable growth during the current 2013 financial year. We also identify additional potential in our Solar segment, where we will consistently exploit the opportunities on offer to us. Overall, this prompts us to confirm our forecast of achieving a clear double-digit percentage revenue growth and profit at the EBIT level in 2013.”