Manz Frankfurt: The Fall of a machinery giant
Manz faces financial collapse.
In a shocking turn of events, gear manufacturer Manz finds itself on the brink of financial ruin, following an announcement made on Wednesday, where the board announced their intention to file for insolvency. The application will be filed in the coming days.
This disastrous financial situation has sent ripples across the stock market, with the share price plummeting an astounding 85% to a mere 60 cents per share. The bleak financial picture has been a gradual descent, with the company reporting a whopping loss of €36.1 million in 2020, and a further loss of €2.5 million in the first half of 2021. The management had already hinted in June that insolvency was a real possibility if fresh capital wasn't injected into the company.
Fast forward to February 2025, Manz's insolvency proceedings have remained ongoing, as reported by recent events related to its partnership with Customcells. The ripple effects from Manz's financial turmoil have causedCustomcells to file for insolvency as well in May 2025.
The German machinery company's share capital amounts to €10,251,088, made up of 10,251,088 no-par bearer shares (ISIN: DE000A0JQ5U3), trading on the Frankfurt Stock Exchange's General Standard segment and various unofficial German markets.
In 2022, Manz made a strategic move by acquiring a 40% stake in Customcells, a German battery manufacturer catering to the automotive and aviation sectors. However, Manz's eventual insolvency impacted this alliance, contributing to Customcells' downfall in May 2025. On a brighter note, Manz completed the April 2025 sale of its Hong Kong-based Manz Asia Ltd. subsidiary through a management buy-out, a move aimed at streamlining operations amid the insolvency proceedings.
In the face of adversity, the world watches as Manz attempts to navigate its insolvency proceedings and return to profitability. While the future remains uncertain, one thing is clear—the machinery industry is in for a dramatic shift.
- The insolvency of Manz, a machinery giant based in Frankfurt, has plunged the stock market, with their share price dropping to a mere 60 cents per share.
- The insolvency proceedings of Manz have been ongoing since February 2025, and their share capital consists of 10,251,088 no-par bearer shares trading on the Frankfurt Stock Exchange's General Standard segment and various unofficial German markets.
- In a strategic move in 2022, Manz acquired a 40% stake in Customcells, a German battery manufacturer, but Manz's insolvency has since impacted this alliance, leading to Customcells' insolvency in May 2025.
- As Manz navigates its insolvency proceedings, the machinery industry braces for a dramatic shift, given the ripple effects from Manz's financial turmoil.
