The Swiss equipment provider reports an operating profit of €20 million for the first quarter of this year.The Swiss PV production equipment manufacturer Manz AG has reported an "as-expected weak performance in the first quarter of 2017," in which it has saw its sales drop 26.2% to €47.6 million ($51.8 million). Revenue decline, Manz explains, was due to the performance of the Energy Storage business unit. "This segment proved to be a revenue driver in the same period last year due to the one-time processing of a major order," Manz specified. The segment registered revenue of only €6.1 million, compared to €27.8 million a year earlier.
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