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PRESS RELEASE: MAX Automation SE announces results for Q1 2019 - strong order intake in core business

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DGAP-News: MAX Automation SE / Key word(s): Quarterly / Interim Statement
MAX Automation SE announces results for Q1 2019 - strong order intake in
core business

2019-05-15 / 07:30
The issuer is solely responsible for the content of this announcement.


*MAX Automation SE announces results for Q1 2019 - strong order intake in
core business*

-Order intake in the core business up 41.6 % year-on-year (Q1 2019: EUR 83.8
million, Q1 2018: EUR 59.2 million), order backlog up 47.1 % to EUR 181.7
million (Q1 2018: EUR 123.5 million)

- EBITDA of EUR 6.0 million in the core business down on previous year (Q1
2018: EUR 6.7 million), adjusted EBITDA increases by 76.5 % year-on-year in
the first quarter of 2019

- Sales and earnings forecast for FY 2019 confirmed in core business, but
non-core business continues to impact overall result

*Dusseldorf, 15 May 2019 - *MAX Automation SE (ISIN DE000A2DA58), listed in
the Prime Standard of the Frankfurt Stock Exchange, has made a dynamic start
to the 2019 financial year.

Based on continued high demand for automation solutions, order intake in the
core business (continuing operations) increased by 41.6% year-on-year to EUR
83.8 million in the first quarter of 2019 (Q1 2018: EUR 59.2 million). As of
31 March 2019, the order backlog stood at EUR 181.7 million, reflecting
growth of 47.1 % on the previous year's reporting date (EUR 123.5 million)
and 4.7 % on the 2018 balance sheet date (EUR 173.6 million). The high order
backlog offers a good basis for an expected high capacity utilisation level
and a positive sales trend in the current financial year.

Andreas Krause, Chairman of the Management Board and CFO of MAX Automation
SE stated:"The development in the core business was very good. We are
satisfied with the first quarter of 2019. The continued high demand for our
solutions, products and services is reflected in a significant increase in
order intake. All three business areas of our core business contributed to
the positive development."

MAX Automation SE is in the middle of a transformation and transition to
sustainable profitable growth.

"The fact that our core business is so strong shows how correct our course
has been. We will continue to pursue our chosen path with determination.
This path is leading us from our previous status as a financial holding
company to a MAX Automation SE that is an integrated industrial group with a
clear profile and a highly selective business model. We are convinced that
we will be able to master the tasks ahead of us, but we know that the
changing market environment in non-core business poses challenges for the
rapid implementation of the measures. The process of selling the non-core
business is progressing. At the same time, value enhancement plans are being
drawn up in order to further restructure or develop the companies before a
divestment. The non-core business will continue to burden the overall result
in 2019. We are very optimistic about the further development of our core
business in the current 2019 financial year," Andreas Krause added.

In the period from January to March 2019, the internationally operating
industrial group for high-tech automation solutions generated sales of EUR
69.3 million in its core business compared with EUR 60.8 million in the same
quarter of the previous year. This corresponds to an increase of 14.0%. The
dynamic growth in sales and the order backlog reflects growth in all three
business areas _Process Technologies_, _Environmental Technologies_ and
_Evolving Technologies_.Consolidated earnings before interest, tax,
depreciation and amortization (EBITDA) decreased to EUR 6.0 million in the
quarter under review, compared with EUR 6.7 million in the same period of
the previous year. It should be noted here that the proceeds from the
divestiture of NSM Packtec were included in the comparable quarter of 2018.
Adjusted for this one-time effect, operating profit in the first quarter of
2019 was up by 76.5 % year-on-year.

*Forecast for 2019 confirmed*

In view of the dynamic start to the year and the strong and significantly
increased order backlog, MAX Automation SE confirms its forecast for its
core business for the 2019 financial year and expects consolidated sales
from the continuing operations to exceed EUR 300 million and EBITDA to be
above EUR 20 million. However, the non-core business continues to burden the
overall result.

*Detailed financial information*

The complete interim report on the first quarter of 2019 of MAX Automation
SE is available for download at
https://www.maxautomation.com/en/investor-relations/financial-reports/ [1]

Katja Redweik
Head of Corporate Development/IR
MAX Automation SE
Tel.: +49 - 211 - 9099 144

*Contact for media representatives:*
Susan Hoffmeister
CROSS ALLIANCE communication GmbH
Phone: +49 - 89 - 125 09 03 33

? [2]Marco Cabras
newskontor - Agentur für Kommunikation
Telefon: +49 - 211 - 863 949 22

*About MAX Automation SE *
MAX Automation SE (ISIN DE000A2DA58), based in Dusseldorf, Germany, is an
internationally active industrial group for high-tech automation solutions.
The Group's operating business is divided into three divisions: in its
Process Technologies division, the Group's comprehensive technological
know-how makes it an innovation leader in the development and manufacture of
proprietary solutions (e.g. dosing, impregnation), particularly for the
automotive and electronics industries. MAX Automation's Environmental
Technologies division develops and installs technologically complex plants
for the recycling, energy and raw materials industries. In its Evolving
Technologies division, MAX Automation develops high-quality assembly and
system solutions for the medical technology and automotive industries as
well as for robotics and augmented automation.
www.maxautomation.com [3]

2019-05-15 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 www.dgap.de
Language: English
Company: MAX Automation SE
Breite Straße 29-31
40213 Düsseldorf
Phone: +49 (0)211 90991-0
Fax: +49 (0)211 90991-11
E-mail: Investor.Relation@maxautomation.com
Internet: www.maxautomation.com
ISIN: DE000A2DA588
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 811123

End of News DGAP News Service

811123 2019-05-15

1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7afe60f78780e053e82e9c37224b629e&application_id=811123&site_id=vwd&application_name=news
2: mailto:sh@crossalliance.de
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=18a0233eb6485160c15ce49a075c9164&application_id=811123&site_id=vwd&application_name=news

(END) Dow Jones Newswires

May 15, 2019 01:30 ET ( 05:30 GMT)

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