28.06.2018
MAX Automation SE DE000A2DA588
DGAP-Adhoc: MAX Automation SE adjusts earnings expectations for full year 2018
DGAP-Ad-hoc: MAX Automation SE / Key word(s): Profit Warning
MAX Automation SE adjusts earnings expectations for full year 2018
28-Jun-2018 / 16:54 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.
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MAX Automation SE, Düsseldorf
Publication of insider information pursuant to Article 17 Market Abuse
Regulation (MAR)
MAX Automation SE adjusts earnings expectations for full year 2018
Düsseldorf, June 28, 2018 - MAX Automation SE, the high-tech mechanical
engineering Group, has adjusted its earnings expectations for fiscal year
2018. This was due to charges from current projects for several automotive
customers with the IWM Automation Group. An economic reassessment of these
projects was carried out, determining that further adjustments are required.
The Managing Directors of MAX Automation SE have immediately initiated a
series of structural steps aimed particularly at improving project
management. Furthermore, key positions at IWM Automation will be refilled.
These steps will place an additional burden on earnings. The operating
business development of all other subsidiaries of the MAX Group, on the
other hand, remains in line with expectations thus far in 2018.
Due to the burdens on IWM Automation's earnings, the Managing Directors now
expect consolidated earnings before interest and taxes (EBIT) and before PPA
depreciations for 2018 to be between EUR 10 and 13 million (previously: at
least EUR 26 million). Group sales for the current year are still expected
to reach at least EUR 400 million (previous year: EUR 376.2 million).
MAX Automation SE, Breite Straße 29-31, 40213 Düsseldorf, Germany
Phone: +49 (0) 211 90 99 1-0
Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 - 5404 - 91 92 0
Fax: +49 - 5404 - 91 92 29
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28-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
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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: [email protected]
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
End of Announcement DGAP News Service
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699863 28-Jun-2018 CET/CEST
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