DGAP-Adhoc: MAX Automation SE raises its earnings expectations for its core business for the full year 2019

2019. október 22., kedd, 17:29





DGAP-Ad-hoc: MAX Automation SE / Key word(s): Change in Forecast


MAX Automation SE raises its earnings expectations for its core business for the full year 2019


22-Oct-2019 / 17:29 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad hoc RELEASE (PURSUANT TO SECTION 17 GERMAN SECURITIES TRADING ACT (WPHG))

MAX Automation SE raises its earnings expectations for its core business for the full year 2019


Duesseldorf, 22 October 2019 -
MAX Automation SE has specified its expectations for the full year 2019 and is now awaiting sales of EUR 320 to 330 million (previously: more than EUR 300 million) for its core business. At the same time, the Company is raising its earnings expectations and, according to preliminary calculations, is now assuming operating earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 26 to 28 million (previously: more than EUR 20 million). The adjustments are due to the very positive course of business in the first nine months of 2019 and the continued very good demand in the core business.



For the reporting of the third-quarter results, it should be noted that due to the accounting provisions of IFRS5 (Non-current Assets Held for Sale and Discontinued Operations) discontinued operations are no longer presented separately. Taking this into account, the Company expects sales of EUR 400 to 420 million and EBITDA of EUR -6 to -10 million for the Group as a whole.



The effects of the first-time application of IFRS 16 (Leases) in 2019 are not yet included in the result. MAX expects a positive EBITDA effect of EUR 3 to 4 million for 2019. MAX Automation SE"s interim report for the third quarter of 2019 will be published on 14 November 2019.

Contact:

Katja Redweik

Head of Corporate Development/IR

MAX Automation SE

Tel.: +49 - 211 - 9099 144
katja.redweik@maxautomation.com
www.maxautomation.com

Contact for media representatives:















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Language: English
Company: MAX Automation SE

Breite Straße 29-31

40213 Düsseldorf

Germany
Phone: +49 (0)211 90991-0
Fax: +49 (0)211 90991-11
E-mail: Investor.Relation@maxautomation.com
Internet: www.maxautomation.com
ISIN: DE000A2DA588
WKN: A2DA58
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 894373





 
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894373  22-Oct-2019 CET/CEST







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