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MAX Automation SE Earnings Release 2024
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Earnings Release
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Ad-hoc | 29 October 2024 17:50
MAX Automation SE revises forecast for financial year 2024
MAX Automation SE / Key word(s): Forecast/Change in Forecast
MAX Automation SE revises forecast for financial year 2024
29-Oct-2024 / 17:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DISCLOSURE OF AN INSIDE INFORMATION PURSUANT TO ARTICLE 17 OF THE REGULATION (EU) NO. **596/2014
MAX Automation SE revises forecast for financial year 2024**
Hamburg, 29 October 2024 – The Supervisory Board of MAX Automation SE ( ISIN DE000A2DA588 ), a company listed in the Prime Standard of the Frankfurt Stock Exchange, today revised its forecast for the current 2024 financial year downwards. On the basis of the updated planning for the fourth quarter of 2024, the Supervisory Board now expects revenues between EUR 350 million and EUR 380 million (previously: between EUR 390 million and EUR 450 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of between EUR 27 million and EUR 31 million (previously: between EUR 31 million and EUR 38 million). The main reason for the adjustment of the revenue forecast is the decline in order intake as a result of the weak global economy. With the exception of ELWEMA, all segments are affected hereby. The EBITDA forecast is additionally burdened by increased project costs in the bdtronic Group segment.
Detailed financial information
The full interim report for the third quarter of 2024 of MAX Automation SE will be available for download from 8 November 2024 at https://www.maxautomation.com/en/investor-relations/financial-reports/ .
CONTACT:
Marcel Neustock
Head of Investor Relations
Phone: +49 – 40 – 8080 582 75
CONTACT FOR MEDIA REPRESENTATIVES:
Susan Hoffmeister
CROSS ALLIANCE communication GmbH
Phone: +49 – 89 – 125 09 03 33
End of Inside Information
29-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | MAX Automation SE |
| Steinhöft 11 | |
| 20459 Hamburg | |
| Germany | |
| Phone: | +4940808058270 |
| Fax: | +4940808058299 |
| E-mail: | [email protected] |
| 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: | 2018415 |
| End of Announcement | EQS News Service |