Logotype for Manz AG

Manz (M5Z) investor relations material

Manz Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Manz AG
Q3 2024 earnings summary28 Nov, 2024

Executive summary

  • Revenues for the first nine months of 2024 declined 31.4% year-over-year to €133.7 million, mainly due to weak demand in the battery sector and challenging market conditions in Europe and North America.

  • Net loss of €25.4 million compared to a net profit of €6.9 million in the prior year, impacted by impairments and order cancellations.

  • Strategic repositioning underway, including plans to divest the battery cell business and focus on industrial automation, electronics, and semiconductor packaging.

  • New strategic investor acquired a stake (18–20%), raising €9.9 million in fresh capital.

  • Restructuring program initiated, including sale of Hungarian subsidiary and executive board changes.

Financial highlights

  • EBITDA for 9M 2024 was -€13.3 million (margin -9.3%), down from €19.5 million (margin 9.3%) in 9M 2023; EBIT was -€20.9 million (margin -15.6%), compared to €10.8 million (margin 5.5%) in 9M 2023.

  • Q3 2024 revenue was €35.1 million, a 33.7% decrease from Q3 2023; Q3 net loss was €15.2 million.

  • Cash flow from operating activities improved to -€14.1 million from -€23.7 million year-over-year; cash and cash equivalents fell to €14.2 million as of September 30, 2024.

  • Net debt increased to €46.0 million due to lower cash and cash equivalents.

  • Equity ratio decreased to 28.5% as of September 30, 2024, from 35.8% at year-end 2023.

Outlook and guidance

  • Revenues for 2024 expected between €170–180 million; EBITDA between -€20 and -€25 million; EBIT between -€30 and -€35 million, excluding further impairment losses.

  • No improvement anticipated in the challenging market environment; order intake and backlog remain significantly below prior year.

  • Significant impairment losses, especially on goodwill in Mobility & Battery Solutions, expected at year-end.

  • Efficiency program aims for cost savings in the lower double-digit million euro range over three years, with first positive effects in 2025.

  • Strategic focus shifting to industrial automation, electronics, and semiconductor packaging; battery cell business to be sold.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Manz AG is a high-tech engineering company specializing in the development and manufacture of production equipment. The company operates through two main segments: Mobility & Battery Solutions and Industry Solutions. In the Mobility & Battery Solutions segment, Manz AG offers production solutions for lithium-ion battery cells, modules, and systems, as well as capacitors. The Industry Solutions segment focuses on providing equipment for manufacturing displays for flat screens, touch sensors, printed circuit boards, chip carriers, smartphones, tablet computers, notebooks, wearables, and other consumer electronics. Additionally, this segment engages in the production of cell contacting systems and offers services including contract manufacturing, simulation and factory planning, process and prototype development, and customer training. The company is headquartered in Reutlingen, Germany, and its shares are listed on the Frankfurt Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage