Investment Highlights
 
  Manz Automation AG, together with its subsidiaries, is by market share one of the world's leading technological providers of systems and components in the areas of automation, quality assurance and laser process technology for the photovoltaic industry and in the areas of automation and wet chemistry for the LCD industry.

  Since its formation in 1987, Manz Automation AG has enjoyed constant profitable growth.

  The Manz Group recorded an EBIT margin of 14.1% in fiscal year 2007 and an EBIT margin of 14.5% in the first quarter of fiscal year 2008. Manz Automation AG expects Manz Group's revenues of EUR 235–240 million in fiscal year 2008 (2007: EUR 71.2 million) and sustained growth in EBIT.

  The Manz Group's core competences are in robotics, image processing, laser technology, wet chemistry as well as control and drive technology.

  The photovoltaic market is enjoying a strong growth with projected annual growth rates (CAGR*) of global production of thin-film solar modules of 119% (2007–2010) and of crystalline silicon solar cells of 89% (2007–2010) (source: LBBW study 2008).

  The Manz Group is present with an exceptionally broad range of system solutions and systems in both segments of the rapidly-growing photovoltaic market (crystalline silicon solar cells and thin-film solar modules).

  Technology synergies and economies of scale among the divisions, in particular among the systems.lcd division and thin-film solar modules, are supporting growth.

  In the systems.solar division, the Manz Group's customers include most of the major manufacturers of crystalline solar cells and thin-film solar modules. In the systems.lcd division, the Manz Group supplies its products to nearly all major manufacturers of LCD flat screens around the world. 

  The business relationship with Applied Materials gives the Manz Group global access to customers in the LCD and the thin-film solar modules segments. In the thin-film solar modules division, the Manz Group with its laser scribing system already achieved a market share of approximately 60%.

  The Manz Group holds a good position in attractive, high-growth markets with its production facilities in Germany and Hungary and the acquisitions it has made in Slovakia, Taiwan and China. 

  The Manz Group has its own branch sales and/or service offices in the key markets of Germany, Taiwan, the United States, China, South Korea and Spain. 

* Compound Annual Growth Rate