Manz AG
Manz AG reaches agreement regarding order cancellation in the Energy Storage division and confirms 2016 forecast
Manz AG / Key word(s): Miscellaneous 13.10.2016 09:58 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication of insider information in accordance with Article 17 Paragraph 1 of Directive (EU) 596/2014 on Market Misuse (Market Misuse Directive) Manz AG reaches agreement regarding order cancellation in the Energy Storage division and confirms 2016 forecast Reutlingen, 13. October 2016 - Today, Manz AG, Reutlingen, (ISIN: DE000A0JQ5U3) has signed a settlement agreement with an important customer that had stopped a major project in the Energy Storage division on short notice in early June of 2016, with possible effects on the forecast for the 2016 fiscal year (Ad-hoc memorandum from June 11, 2016). As a result of the agreement, there will be no further negative earnings effects for Manz AG from the order, which has now been definitely canceled. However, as a result of the order cancellation and the failure of anticipated follow-up orders to materialize, corresponding revenues and earnings for the 2016 fiscal year are eliminated. Nevertheless, the management board of Manz AG stands by the previous forecast for the 2016 fiscal year, pending the planned placement of an order for a CIGSfab. This forecast shows a significant increase in the revenues of the Manz Group, in comparison to the revenues achieved in the 2015 fiscal year, as well as significantly improved earnings before interest and taxes (EBIT) in comparison to the 2015 fiscal year. Additional information: ISIN: DE000A0JQ5U3 WKN: A0JQ5U Ticker symbol: M5Z Market segment: regulated market (Prime Standard) of the Frankfurt Stock Exchange Manz AG Steigäckerstrasse 5 72768 Reutlingen, Germany Germany < End of the Ad-hoc Announcement> Investor Relations Contact cometis AG Claudius Krause Tel.: +49 (0)611 - 205855-28 Fax: +49 (0)611 - 205855-66 E-mail: krause@cometis.de Manz AG Axel Bartmann Tel.: +49 (0)7121 - 9000-395 Fax: +49 (0)7121 - 9000-99 E-mail: abartmann@manz.com 13.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Manz AG Steigäckerstr. 5 72768 Reutlingen Germany Phone: +49 (0) 7121 9000-0 Fax: +49 (0) 7121 9000-99 E-mail: info@manz.com Internet: http://www.manz.com ISIN: DE000A0JQ5U3 WKN: A0JQ5U Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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