Brief: MAX Automation lowers FY outlook after Q3 results
08/11/2016 16:28
Nov 8 (Reuters) - MAX Automation AG MAXG.DE :
* Group sales amounted to approximately 74.3 million euros ($82.06 million) in Q3 (Q3 2015:
95.9 million euros)
* Q3 consolidated earnings before interest and taxes (EBIT) and before depreciation from
purchase price allocations (PPA) amounted to around 4.1 million euros (Q3 2015: 7.5 million
euros)
* Group's order backlog as of Sept. 30, 2016, reached record level of 197.3 million euros,
an increase of 24.6 percent
* Has lowered its sales and earnings expectations for financial year 2016
* Now expects group sales of 340 million euros to 350 million euros (previously 370 million
euros to 390 million euros) for full year 2016
* Now sees FY group EBIT before PPA amortization of 18 million euros to 20 million euros
(previously at least 24 million euros)
Source text for Eikon: ID:nEQ1qjHMp
Further company coverage: MAXG.DE
($1 = 0.9054 euros)
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