Germany's MAX Automation 2025 sales fall, hurt by project delays

MAX Automation SE

20/03/2026 06:39

Overview

Germany finance and investment firm's 2025 sales declined 8.6% yr/yr to EUR 334.5 mln

EBITDA for 2025 fell 46.8% yr/yr to EUR 15.6 mln, impacted by non-recurring expenses

Order intake improved 7.8% yr/yr to EUR 338.8 mln, driven by major orders

Outlook

MAX Automation expects 2026 sales between EUR 320 mln and EUR 370 mln

Company sees 2026 EBITDA between EUR 12 mln and EUR 18 mln

Company says outlook reflects ongoing geopolitical and economic uncertainty, including Middle East conflict

Result Drivers

LOW ORDER BACKLOG AND PROJECT DELAYS - Co said sales and earnings were impacted by a lower order backlog at the start of the year and project-related delays

NON-RECURRING EXPENSES - Co said non-recurring expenses, including cost-cutting measures, weighed on operating profit

Company press release: ID:nEQ4RplbXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Beat
EUR 334.50 mln
EUR 322.95 mln (2 Analysts)
FY EBITDA
EUR 15.60 mln
FY Order Backlog
EUR 154.40 mln
FY Orders
EUR 338.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for MAX Automation SE is €6.15, about 65.3% above its March 19 closing price of €3.72

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 34 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)