30 Mar '16, 9am

Manz AG announces revenue decline in 2015; solar business segment to be continued

Manz AG (Reutlingen, Germany), a globally active high-tech equipment manufacturer with three strategic business segments of “Electronics,” “Solar” and “Energy Storage,” has published its 2015 Annual Report on March 30th , 2016. In the past year, Manz AG was confronted with challenges that crucially impacted revenue and earnings, the company reports. To help counteract this development, Manz AG introduced measures that along with the planned participating interest and strategic collaboration with Shanghai Electric are intended to form a sound basis for future corporate development. At EUR 222.0 million, total revenues in the 2015 reporting period were slightly over the last revenue forecast issued, but were significantly below those of the previous year (EUR 305.9 million). According to Manz, the reasons for this were the significant effects of the order cancellations and d...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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