Brief: Max Automation To Adjust Prior-Year Figures

MAX Automation SE

28/02/2020 10:13

Feb 28 (Reuters) - MAX AUTOMATION SE  MXHNn.DE :
    * WILL RETROACTIVELY ADJUST ITS PRIOR-YEAR FIGURES IN
CONTEXT OF
CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2019
    * THIS IS DUE TO IRREGULARITIES IN VALUATION OF INVENTORIES
IN
2018 AND EARLIER
    * AS A RESULT OF ADJUSTMENT, EBITDA OF MAX AUTOMATION GROUP
AS
WELL AS CORE BUSINESS WILL EACH INCREASE BY EUR 4.9 MILLION IN
2019
    * FOR FY GROUP SALES, PRELIMINARY CALCULATIONS INDICATE AN
AMOUNT
TO AROUND EUR 425 MILLION (FORECAST EUR 400 MILLION TO EUR 420
MILLION)
    * EXPECTS 2019 EBITDA IN ITS CORE BUSINESS TO BE AT LEAST
EUR 31
MILLION.
    * FOR CORE BUSINESS, MAX AUTOMATION EXPECTS 2019 SALES OF
APPROXIMATELY EUR 339 MILLION.

Source text for Eikon:  ID:nEQ8TwQ0ja 
Further company coverage:  MXHNn.DE 

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