Business Summary: Manz AG is a Germany-based company. The Company develops and produces solutions for lithium-ion batteries and electronic components and devices for its customers in the automotive & e-mobility, electronics, energy and battery manufacturing sectors. It divide its operating activities into two segments: Mobility & Battery Solutions and Industry Solutions. The Mobility & Battery Solutions segment offers business with equipment for the production of lithium-ion batteries. The Industry Solutions segment combines the activities of the two business areas Electronics (semiconductor backend production, fan out panel level packaging and display technologies) and Industrial Automation (industrial assembly solutions for the manufacture of consumer electronics, power electronics and other components of the electrical powertrain). It develops machines and systems in the fields of wet chemistry, automation and laser process technology.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Manz AG revenues decreased 31% to EUR133.7M. Net loss applicable to common stockholders totaled EUR25.4M vs. income of EUR6.9M. Revenues reflect Mobile and Battery Solution segment decrease of 51% to EUR37M, Industry Solution segment decrease of 19% to EUR96.7M, Rest of Europe segment decrease of 56% to EUR21.6M, United States segment decrease of 91% to EUR2.5M.