Plus   Neg

Manz Posts HY Positive EBITDA - Quick Facts

High tech equipment manufacturer Manz AG (MANZF.PK) reported that its earnings before interest, taxes, depreciation and amortization or EBITDA for the the first half of 2019 were 5.7 million euros, compared to negative 0.5 million euros in the prior year. Due

Earnings before interest and taxes or EBIT were negative 3.4 million euros compared to negative 4.5 million euros in the prior year.

Revenues declined to 132.8 million euros from the previous year's 144.4 million euros, due to order delay.

Martin Drasch, Chairman of the Board of Manz AG, said, "... In view of the shifts in order intake, however, we have decided to lower our revenues forecast slightly below the previous year's level. On the other hand, we are sticking to our earnings forecast of a positive EBIT margin in the low single-digit percentage range."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's Companies Inc. (LOW) and Office Depot Inc. (ODP) reported profit for their fourth-quarter, while TJX Companies' (TJX) profit increased 17 percent from the prior year. TJX plans to increase dividend by 13 percent and to buy back up to $2.25 billion of stock. Starbucks is introducing plant-based meat to its menu in Canada in early March. The Seattle-based coffee chain said it will introduce a new Beyond Meat, Cheddar and Egg Sandwich to its Canadian stores on March 3, along with the launch of its new spring menu. The meatless breakfast sandwich will be part of Starbucks Canada's core menu. Auto major Ford Motor Co. issued a safety compliance recall for a total of 217,185 F-150 pickup trucks with LED headlamps in North America, including 50,989 in Canada, to fix issues with the headlamps that could increase risk of a crash. The F-150 has been the top selling U.S. vehicle by any manufacturer for more than 40 years.
Follow RTT