Manz increased revenue and income in 1H 2016

German equipment manufacturer Manz AG achieved revenue in the first half of the year of €119.6 million ($139 million) compared to €124 million in the first half of 2016. Earnings before interest, tax, depreciation and amortization (EBITDA) with €12.4 million are significantly above the negative previous year's figure of €-4.5 million. Net income was €4.7 million (H1 2016: €-17 million). Revenue of the business unit »Solar« amounted to €16,4 million or 13,8 percent (H1 2016: €15,1 million, 12,2 percent). Revenue of the »Energy Storage« unit was €12 million compared to €34,9 million in the first half of 2016. In 2017, the company target revenue in total of €350 million.
© PHOTON

Related News