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MAX Automation SE provides forecast for the past 2020 financial year

·2-min read

MAX Automation SE / Key word(s): Forecast
MAX Automation SE provides forecast for the past 2020 financial year

16-Feb-2021 / 10:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad hoc RELEASE (PURSUANT TO SECTION 17 GERMAN SECURITIES TRADING ACT (WPHG))

MAX Automation SE provides forecast for the past 2020 financial year

Duesseldorf, 16 February 2021 - MAX Automation SE ("MAX Automation") can now provide a full-year forecast for the past financial year 2020. In a macroeconomic environment characterized by strong uncertainties, MAX Automation was able to hold its ground well overall. For the full year 2020, MAX Automation's preliminary consolidated sales amounted to ca. mEUR 305. According to preliminary calculations the Group expects operating earnings before interest, taxes, depreciation and amortization (EBITDA) to be ca. mEUR 5.5.

Because of the extraordinary high level of uncertainty triggered by the COVID 19 pandemic, the Supervisory Board had withdrawn the forecast for fiscal 2020 published on 17 March 2020 with the annual financial statements for 2019 and has not yet been able to issue a new forecast due to the volatility of the business development during the year. The original forecast envisaged Group sales of between mEUR 380 and mEUR 410 with EBITDA of between mEUR 16 and mEUR 20.

Detailed financial statement

The information in this release is preliminary.

The complete consolidated financial statements of MAX Automation SE for the 2020 financial year will be published on 18 March 2021 and will be available for download at www.maxautomation.com.

Contact:
Katja Redweik
Head of Corporate Development/IR
MAX Automation SE
Tel.: +49 - 211 - 9099 144
katja.redweik@maxautomation.com
www.maxautomation.com


Contact for media representatives:

Susan Hoffmeister

 

Marco Cabras

CROSS ALLIANCE communication GmbH

 

newskontor - Agentur für Kommunikation

Tel.: +49 - 89 - 125 09 03 30

 

Tel.: +49 - 211 - 863 949 22

sh@crossalliance.de

 

marco.cabras@newskontor.de

www.crossalliance.de

 

www.newskontor.de

16-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

MAX Automation SE

Breite Straße 29-31

40213 Düsseldorf

Germany

Phone:

+49 (0)211 90991-0

Fax:

+49 (0)211 90991-11

E-mail:

investor.relations@maxautomation.com

Internet:

www.maxautomation.com

ISIN:

DE000A2DA588

WKN:

A2DA58

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX

EQS News ID:

1168614


 

End of Announcement

DGAP News Service

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