MAX Automation SE Q1 2024 Performance Stays Strong, Meets Expectations

• MAX Automation SE reported a robust Q1 2024 in line with expectations, with sales from continuing operations down slightly by 6.1% to EUR 90.6 million due to sluggish demand.
• The operating result (EBITDA) from continuing operations remained positive at EUR 7.9 million, despite a decline in sales.
• Order intake from continuing operations was down 21.1% to EUR 89.7 million due to investment restraint.
• The order backlog of continuing operations declined by 4.5% to EUR 196.8 million.
• The outlook for 2024 for continuing operations was confirmed, with expected sales of between EUR 390 million and EUR 450 million and EBITDA of between EUR 31 million and EUR 38 million.
• After the end of the reporting period, MAX Management GmbH, a wholly owned subsidiary of MAX Automation SE, concluded an agreement with Hitachi, Ltd. on the sale of the MA micro Group, with a purchase price in the range of EUR 71.5 million to EUR 76.5 million.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at MAX Automation is on 14.05.2024.

The price of MAX Automation at the time of the news was 6,1900EUR and did not change compared to the previous day.
21 minutes after the article was published, the price was 6,1800EUR this corresponds to a minus of -0,16 % since publication.

MAX Automation

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ISIN:DE000A2DA588WKN:A2DA58

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