Manz AG Discusses Order Rescheduling, Revenue Impact Uncertain
Manz AG has announced that it will hold discussions with a customer regarding the rescheduling or cancelled of an order. The outcome of these talks will determine the company's final statement on the matter, which will also address the potential impact on revenue and earnings for the year 2016.
The company's Management Board is currently engaged in negotiations with the customer, aiming to find a solution that could potentially reschedule or cancel the order. This development comes amidst concerns that Manz AG's previous revenue and EBIT expectations for 2016 may not be met.
The search for specific details about the affected order or customer has so far proven unsuccessful. However, the company has acknowledged that the rescheduling or cancelled of this order could have a negative impact on its 2016 revenue and earnings.
Manz AG's final statement on the order rescheduling, cancelled, and revenue impact will be made following the conclusion of discussions with the customer. The outcome of these talks will provide clarity on whether the company's previous revenue and EBIT expectations for 2016 will be met.
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