Manz AG Announces Preliminary 2023 Financial Results and 2024 Outlook

Manz AG, the high-tech equipment manufacturer, has disclosed its preliminary financial figures for 2023, demonstrating resilience in a challenging macroeconomic environment with revenues reported at EUR 250.1 million. Despite facing supply chain disruptions, investment delays from clients, and rising interest rates, the company managed to maintain its revenue level close to that of the previous year. Notably, Manz achieved a notable turnaround in its EBIT, recording EUR 4.3 million, a striking contrast to the EUR -4.2 million posted in 2022.

The significant growth in earnings before interest, taxes, depreciation, and amortization (EBITDA), which rose from EUR 8.0 million in 2022 to EUR 16.1 million in 2023, underscores Manz's operational efficiencies and cost management. The Mobility & Battery Solutions and Industry Solutions segments both contributed positively to the EBIT, showing resilience amidst market adversities. CEO Martin Drasch expressed optimism about meeting market demand, especially in innovative production solutions for lithium-ion batteries, despite the year's challenges.

However, the 2023 fiscal year also saw a decrease in incoming orders compared to the preceding year, attributed to the prevailing global economic uncertainties and political factors. Nevertheless, a surge in orders was observed in the last quarter, signaling potential momentum going ahead. For 2024, Manz AG forecasts revenue growth in the mid single-digit percentage range, with both of its primary segments expected to contribute to this increase. The report concludes with an anticipation for the publication of the full 2023 Annual Report on March 28, 2024, which will provide a more detailed look at the company's financial performance.