Manz AG increased revenue and improved loss
Post date: 14/11/2017 - 18:34
German equipment manufacturer Manz AG achieved sales revenues of €192.6 million in the first nine month of 2017 (previous year: €167.3 million). Earnings before interest, taxes, depreciation, and amortization (EBITDA) was €8.5 million (previous year: -15.2 million euros). Loss was €2.1 million compared to loss of 30.9 million in the same period of the previous year. As of September 30, 2017, order backlog was €287.3 million. For the full-year of 2017, Manz AG expects a significant increase in revenues to at least €350 million.