Manz increases revenue in the first quarter and improves profit
Post date: 14/05/2019 - 16:15
German engineering company Manz AG significantly increased revenue in the first quarter 2019 by twelve percent to €76.8 million ($86 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) of €5.1 million ($5.7 million) were around €7 million higher than the previous year's figure of €-1.6 million. Earnings before interest and taxes (EBIT) amounted to €0.6 million (previous year: €-3.5 million). Consolidated earnings improved from minus €4.5 million ($5.1 million) to minus €0.3 million ($0.33 million). Sales in the Solar segment fell significantly from €35.9 million ($40.3 million) last year to €13.9 million ($15.6 million) in Q1 2019.