Brief: Max Automation Withdraws 2020 Forecast

MAX Automation SE

29/04/2020 16:01

April 29 (Reuters) - MAX Automation SE  MXHNn.DE :
    * WITHDRAWS FORECAST FOR CURRENT FISCAL YEAR DUE TO COVID 19
PANDEMIC
    * OUTLOOK 2020: DOES NOT MAINTAIN FORECAST FOR CURRENT
FINANCIAL
YEAR
    * AT PRESENT, THE ECONOMIC IMPACT OF THE PANDEMIC CAN
NEITHER BE
DETERMINED IN DETAIL NOR RELIABLY QUANTIFIED
    * HOWEVER, BASED ON CURRENT DEVELOPMENTS, THE GROUP DOES NOT
EXPECT SALES AND EARNINGS TO BE ACHIEVED AS FORECAST
    * BASED ON PRELIMINARY CALCULATIONS, THE GROUP EXPECTS Q1
REVENUES
OF AROUND EUR 80 MILLION (2019: EUR 87 MILLION)
    * Q1 EBITDA OF AROUND EUR 0.3 MILLION (2019: EUR -0.5
MILLION)

Source text for Eikon:  ID:nEQ9cLFkta 
Further company coverage:  MXHNn.DE 

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