Manz AG publishes continuing losses; Strategic cooperation in CIGS PV expected to effectuate conditions for continuous growth

Manz AG (Reutlingen, Germany), a globally active high-tech equipment manufacturer with an extensive technology portfolio covering the three strategic business segments of “Electronics,” “Solar (photovoltaics)” and “Energy Storage,” published its financial report for the first nine months of 2016 on November 15th, 2016.

It shows that business performance in the third quarter was significantly affected by a lack of follow-up orders related to a stop in orders from a large customer in the Energy Storage business segment. Contrary to original planning, the lost revenue could not be compensated by revenues from the sale of turnkey production lines for CIGS thin

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