Manz AG expects further growth in 2019
Post date: 28/03/2019 - 18:49
In its recently published report for fiscal year 2018, German engineering company Manz AG confirms the preliminary figures published in mid-March. The company’s sales rose by 11.6 percent to €296.9 million ($334 million), EBIT before non-operating special effects increased by more than €35 million to €1.7 million (previous year: € -33.8 million). Including a special effect of €5.1 million due to fire damage at the Taiwan location, EBIT amounted to €-3.4 million. At the end of 2018, the order backlog stood at €215.2 million.
For 2019, the Executive Board is forecasting further operating growth. The company anticipates CIGS follow-up orders in the solar segment from the end of 2019.