Brief: Max Automation FY Consolidated Operating Loss Narrows To EUR 0.9 Million

MAX Automation SE

17/03/2020 11:05

March 17 (Reuters) - MAX AUTOMATION SE  MXHNn.DE :
    * FY SALES GROWTH IS STRONG IN CORE BUSINESS, UP 21.5% TO
MEUR
339.3 (12M 2018: MEUR 279.2)
    * FY CONSOLIDATED OPERATING LOSS IMPROVES BY 95.6% TO A
CONSOLIDATED EBITDA OF MEUR -0.9 (PREVIOUS YEAR: MEUR -20.3)
    * 2019 CONSOLIDATED ANNUAL RESULT OF MEUR -35.5 (PREVIOUS
YEAR:
MEUR -43.6)
    * FY EBITDA IN CORE BUSINESS INCREASES BY 133.7% TO MEUR
36.0 (12M
2018: MEUR 15.4)
    * FY EBITDA IN NON-CORE BUSINESS OF MEUR -36.6 (12M 2018:
MEUR
-36.0) HAS A SIGNIFICANT NEGATIVE IMPACT ON GROUP AS A WHOLE
    * BASED ON CURRENTLY AVAILABLE INFORMATION, MANAGEMENT OF
MAX
AUTOMATION ANTICIPATES SALES OF MEUR 380 - 410 AND EBITDA OF
MEUR 16 - 20 FOR 2020 FINANCIAL YEAR
    * REGARDING COVID-19, MANAGEMENT IS ASSUMING THERE WILL BE
LITTLE
ADVERSE EFFECTS ON BUSINESS DEVELOPMENT
    * IN VIEW OF DYNAMIC SPREAD OF CORONA PANDEMIC, INDIVIDUAL
DELAYS
IN ORDER PLACEMENT AND COMMISSIONING, OR AS A RESULT OF
BOTTLENECKS IN LOGISTICS, CANNOT BE RULED OUT

Source text for Eikon:  ID:nEQ8wSHzka 
Further company coverage:  MXHNn.DE 

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