German equipment provider Manz was able to improve its Ebit loss from €58.2 million in 2015 to €35.9 million last year. In 2017, the company expects to further improve its operating result and to achieve positive figures.
Revenue for 2016 came in at €231 million, slightly up from €222 million a year earlier. The company said it expects to achieve of approximately €350 million in 2017.
The company stated that last year’s positive performance was mainly attributable to the fact that the overall cost basis was significantly improved. Material and personnel expenses were reduced through the optimization of processes and structures, Centrotherm added.
The positive forecasts for 2017 are based, among other things, on a good start for the solar division. At the end of May, the company announced new orders worth €263 million, claiming that this was the largest order intake ever registered in its history.
Manz added it expects stable business developments in the Electronics unit and considerable growth impulses for the Energy Storage segment in the medium and long term.