MAX Automation on course in the first half of 2017

DGAP-News: MAX Automation AG / Key word(s): Half Year Results

15.08.2017 / 08:37
The issuer is solely responsible for the content of this announcement.




MAX Automation on course in the first half of 2017

- Order backlog at a high level of EUR 189.1 million

- Group sales up 12.6% to EUR 180.2 million

- Group EBIT before PPA nearly doubles to EUR 9.7 million

- Outlook for the full year 2017 confirmed

Düsseldorf, August 15, 2017 - The MAX Automation Group has had a successful first half of 2017. After getting off to a dynamic start to the year, the business of the company that specializes in high-tech mechanical engineering developed positively in the second quarter and was thus within expectations after six months. Against this backdrop, the Management Board confirms its economic expectations for the full year 2017.

Daniel Fink, CEO of MAX Automation AG: "The business development of the MAX Group in the first half of 2017 shows that our strategic orientation is right and having an effect. For instance, the business developed particularly well in the area of Industrial Automation, but we also significantly improved our performance in Environmental Technology. We want to continue on this course by focusing on the further internationalization of our Group companies."

Key figures for the first half of 2017

- At the end of the first half, the consolidated order backlog of the MAX Automation Group stood at EUR 189.1 million, 6.6% above the previous year's figure (EUR 177.4 million) and only slightly below the record level of EUR 193.8 million at the end of 2016.

- Group-wide order intake declined by 13.1% in the first six months to EUR 176.4 million (previous year: EUR 203.0 million). Here, however, the fact that orders were particularly high at the end of the comparison period should be taken into consideration. Order intake in the first six months of 2017 was the second highest in the history of MAX Automation.

- Group sales improved by 12.6% or EUR 20.1 million to EUR 180.2 million in the first half (previous year: EUR 160.1 million).

- Group earnings before interest and taxes (EBIT) as well as before depreciation from purchase price allocation (PPA depreciation) rose disproportionately compared to sales, nearly doubling to EUR 9.7 million (same period of the previous year: EUR 5.0 million).

- The Group closed the first half of the year with profit for the period of EUR 5.0 million after EUR 0.4 million in the same period of the previous year.

Development of the segments in the first half of 2017
The Industrial Automation segment developed positively in the first half of the year. Industrial Automation continued to benefit from the focus on key growth drivers, including electromobility, the trend toward driving assistance systems, the diversity of variants in the automotive industry and the tightening of CO2 emissions. At the end of June, the Group's order backlog rose by 6.7% to EUR 164.5 million (previous year: EUR 154.2 million) and led to high overall capacity utilization in the Group companies. Revenue in the first six months rose by 20.6% to EUR 133.6 million (same period of the previous year: EUR 110.8 million). EBIT before PPA increased by more than half to EUR 9.5 million (same period of the previous year: EUR 6.1 million).

In the Environmental Technology segment, the company succeeded in adapting its business to the unchanged subdued market environment last year by reducing its cost structure. As a result, half-year EBIT before PPA increased significantly from EUR 0.3 million to EUR 2.6 million. The renewed product portfolio and the expanded service business led to higher gross profit. The order backlog at the end of June amounted to EUR 24.6 million, 6.0% more than on the previous year's balance sheet date (EUR 23.2 million). Segment revenue fell by 5.6% to EUR 46.6 million in the first six months (same period of the previous year: EUR 49.4 million).

Outlook for the full year 2017
The Management Board considers the successful development of business in the first six months of 2017 to be a good starting point for the second half of the year. It thus confirms its previous forecast for the full year and expects consolidated sales of at least EUR 370 million and Group EBIT before PPA amortization in the range of EUR 22 million to EUR 25 million.

The full interim report for the first half of 2017 is available for download on the MAX Automation AG website at in the "Investor Relations" section.



in EUR mill. Jan-Juni
in %
New order intake 176.4 203.0 -13.1
Order book position* 189.1 177.4 +6.6
Revenue 180.2 160.1 +12.6
EBITDA 12.9 8.3 +56.7
EBIT before PPA 9.7 5.0 +94.8
EBIT after PPA 8.6 2.8 ++
Earnings for the period 5.0 0.4 ++
EBIT per share before PPA (EUR) 0.36 0.18 +94.9
Earnings per share (in EUR) 0.19 0.01 ++

* Date June 30, 2017, compared to June 30, 2016

in EUR mill. 30.06.2017 31.12.2016 Change
in %
Equity 115.8 111.3 +4.1
Equity ratio (in %) 35.5 36.3 -0.8 pp
Gross debt 118.5 92.9 +27.5
Net debt 103.9 69.9 +48.6
Employees (by headcount)*
- of which trainees*

*Date June 30, 2017, compared to June 30, 2016

Frank Elsner / Frank Paschen
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 - 5404 - 91 92 0
Fax: +49 - 5404 - 91 92 29

About MAX Automation AG
MAX Automation AG (Securities Identification Number: A2DA58) with its headquarters in Düsseldorf is an internationally active high-tech mechanical engineering Group and a leading full-service supplier of integrated and sophisticated system and component solutions. Its operational business is divided into two segments. In the Industrial Automation segment, the Group is considered to be a trendsetter in the development and manufacturing of integrated and proprietary solutions for use in manufacturing and assembly in the automotive industry, medical technology, packaging machines and the electronics industry due to its comprehensive technological know-how. In the Environmental Technology segment, MAX Automation develops and installs innovative systems for use by the recycling, energy and raw materials industries.

15.08.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

show this
This website uses cookies. Please see our privacy guidelines for further details.