MAX Automation SE (hereinafter “Company” or “the MAX Group”) is a stock corporation domiciled in Germany. The registered office and principal place of business of the Company is Dusseldorf.
The main remit of the Company is to act as a managing holding company, i.e. combining enterprises under a single management, advising these enterprises, and assuming other business management duties. The Group companies operate internationally as high-tech mechanical engineering enterprises and leading providers of integrated turnkey solutions and complex systems and components. The business operations are divided into the segments Process Technologies, Environmental Technologies and Evolving Technologies. MAX Automation SE therefore assumes the role of lead parent company of the Group.
Consolidated financial statements
The Company has prepared its consolidated financial statements with reference to Section 315e (1) of the German Commercial Code (HGB) in accordance with the International Financial Reporting Standards (IFRS), as applicable in the EU, and in line with the interpretations of the International Financial Reporting Interpretations Committee (IFRIC), formerly the Standing Interpretations Committee (SIC). All the IFRS rules which were mandatory for the past financial year were applied.
The consolidated financial statements were prepared in euro (EUR). Unless specified otherwise, all the amounts are stated in thousands of euro (kEUR).
The statement of comprehensive income was structured in line with the total expenditure format.
The consolidated financial statements for the financial year ending 31 December 2018, duly audited and issued with an unqualified audit certificate, were approved by the Supervisory Board on 4 March 2019. The audited consolidated financial statements for the year ending 31 December 2019 are expected to be approved by the Supervisory Board on 13 March 2020.overview back