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MAX Automation SE — AGM Information 2015
Jun 30, 2015
278_rns_2015-06-30_3b7af4c1-e02b-4fa9-93f3-047ac6caaba5.html
AGM Information
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Corporate | 30 June 2015 16:01
M.A.X. Automation: Successful transformation into a high-tech mechanical engineering group
M.A.X. Automation AG / Key word(s): AGM/EGM
2015-06-30 / 16:01
PRESS RELEASE
M.A.X. Automation: Successful transformation into a high-tech mechanical engineering group
– Management Board informs Annual General Meeting of stronger use of synergies and portfolio optimization
– Forecast for 2015 confirmed
– Shareholders resolve payout of EUR 0.15 per share for 2014
Düsseldorf, June 30, 2015 – M.A.X. Automation AG is in the process of successfully transforming itself from being a financial holding and investment company into a decentralized high-tech mechanical engineering group. Member of the Management Board Fabian Spilker informed shareholders today at the Annual General Meeting held in Düsseldorf that stronger use is being made of synergy effects within the group. These include purchasing advantages due to the group’s larger size and more active transfer of know-how and technology between its companies. Only last week, M.A.X. Automation AG also succeeded in realizing synergies on the financial side by agreeing to new group financing in the amount of EUR 150 million with a prominent banking syndicate.
Besides the AIM Group, the company has also acquired the robotics company iNDAT Robotics and NSM Packtec Group, a firm that specializes in packaging, over the last year and a half. The group company Euroroll from the non-core sector was sold. With the planned sale of the environmental subsidiary altmayerBTD, Spilker says the focus of the portfolio on core businesses will finally be completed.
Forecast for 2015 confirmed
The Management Board has confirmed its expectations for fiscal year 2015. Following the good start to the year that included a lively development in orders and based on the current group structure, the Board expects to achieve group sales of between EUR 360 million and EUR 380 million (2014: EUR 351.4 million) and group earnings before interest and taxes (EBIT) and PPA amortization of between EUR 20 million and EUR 22 million (2014: EUR 20.5 million).
Approval of all agenda items
With 50.2% of the share capital represented, the Annual General Meeting approved all of the agenda items by a clear majority. The Annual General Meeting resolved to pay an unchanged dividend compared to the previous year of EUR 0.15 per share for fiscal year 2014, which equates to a distribution sum of EUR 4.0 million. The shareholders also approved the court appointment of the General Representative of the bank M.M. Warburg & CO, Dr. Jens J. Kruse, to serve as a member of the Supervisory Board. Dr. Kruse will act as Deputy Chairman of the supervisory body.
Fabian Spilker, Member of the Management Board of M.A.X. Automation AG: “M.A.X. Automation has made significant strategic progress over the last year and a half. Our further development into a high-tech mechanical engineering group makes us more comparable to other companies that offer sophisticated system and component solutions and results in a change in the relevant peer group for our share. We plan to use this to gradually catch up on the current valuation markdown that traditional investment companies experience on the capital market.”
Press contact:
Frank Elsner / Frank Paschen
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 – 5404 – 91 92 0
Fax: +49 – 5404 – 91 92 29
About M.A.X. Automation:
M.A.X. Automation AG (WKN: 658090/ISIN: DE0006580905), Düsseldorf, is an internationally active group of companies that includes the two segments Industrial Automation and Environmental Technology. M.A.X. Automation offers technologically advanced products and solutions in both areas for order-based special machine construction and for standard systems. The group companies that comprise M.A.X. Automation are active in sustainable growth markets such as automobile manufacturing, medical technology, recycling, packaging automation, and the electrical and electronics industries. We develop and manufacture technologically sophisticated components and system solutions for special machine construction that meet our customers’ individual demands. Innovative technologies from areas such as microassembly and robotics are used here. http://www.maxautomation.de
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| Language: | English |
| Company: | M.A.X. Automation AG |
| Breite Straße 29-31 | |
| 40213 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 90991-0 |
| Fax: | +49 (0)211 90991-11 |
| E-mail: | [email protected] |
| Internet: | www.maxautomation.de |
| ISIN: | DE0006580905 |
| WKN: | 658090 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| End of News | DGAP News-Service |
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| 373761 2015-06-30 |