Brief: Max Automation Raises Earnings Expectations For Its Core Business For 2019

MAX Automation SE

22/10/2019 16:34

Oct 22 (Reuters) - MAX Automation SE  MXHNn.DE :
    * RAISES ITS EARNINGS EXPECTATIONS FOR ITS CORE BUSINESS FOR
FULL
YEAR 2019
    * NOW AWAITING FY SALES OF EUR 320 TO 330 MILLION
(PREVIOUSLY:
MORE THAN EUR 300 MILLION) FOR ITS CORE BUSINESS
    * NOW ASSUMING FY OPERATING EARNINGS BEFORE INTEREST, TAXES,
DEPRECIATION AND AMORTIZATION (EBITDA) OF EUR 26 TO 28 MILLION
(PREVIOUSLY: MORE THAN EUR 20 MILLION)
    * ADJUSTMENTS ARE DUE TO VERY POSITIVE COURSE OF BUSINESS IN
FIRST
NINE MONTHS OF 2019 AND CONTINUED VERY GOOD DEMAND IN CORE
BUSINESS.
    * EXPECTS Q3 SALES OF EUR 400 TO 420 MILLION AND EBITDA OF
EUR -6
TO -10 MILLION FOR GROUP AS A WHOLE
    * EXPECTS A POSITIVE EBITDA EFFECT OF EUR 3 TO 4 MILLION FOR
2019.

Source text for Eikon:  ID:nEQwww6Da 
Further company coverage:  MXHNn.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))