Brief: Max Automation FY Net Loss At EUR 35.6 Mln

MAX Automation SE

15/03/2019 06:49

March 15 (Reuters) - MAX AUTOMATION SE  MXHNn.DE :
    * 2018 WITH SUCCESSFUL CORE BUSINESS - ORDER INTAKE
INCREASES BY
31% COMPARED TO THE PREVIOUS YEAR
    * FY ORDER INTAKE FOR CONTINUING OPERATIONS REACHES EUR
325.4
MILLION (+30.8%)
    * FY ORDER BACKLOG INCREASES TO EUR 173.6 MILLION (+52.7%)
    * FY GROUP SALES OF CONTINUING OPERATIONS ROSE TO EUR 277.4
MILLION
    * FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) AND BEFORE
PURCHASE
PRICE ALLOCATION (PPA) AMORTIZATION AT EUR 18.8 MILLION
    * CLOSED 2018 WITH A NET LOSS OF EUR 35.6 MILLION (PREVIOUS
YEAR:
NET PROFIT OF EUR 14.1 MILLION)
    * SEES GROUP SALES OF MORE THAN EUR 300 MILLION AND EBITDA
OF MORE
THAN EUR 20 MILLION FOR 2019 FOR CONTINUING BUSINESS
    * STRUCTURED SALES PROCESS FOR COMPANIES OF IWM GROUP SEEN
TO BE
SUCCESSFULLY COMPLETED IN H2 OF 2019

Source text for Eikon:  ID:nEQ36sVjLa 
Further company coverage:  MXHNn.DE 

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