28.02.2020 MAX Automation SE  DE000A2DA588

DGAP-Adhoc: MAX Automation SE: Restatement according to IAS 8 within the scope of the consolidated financial statements 2019


 

DGAP-Ad-hoc: MAX Automation SE / Key word(s): Annual Results/Preliminary Results
MAX Automation SE: Restatement according to IAS 8 within the scope of the consolidated financial statements 2019

28-Feb-2020 / 11:10 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: Restatement according to IAS 8 within the scope of the consolidated financial statements 2019

Duesseldorf, 28 February 2020 -
MAX Automation SE ("MAX Automation") will retroactively adjust its prior-year figures in the context of the consolidated financial statements as of 31 December 2019. This is due to irregularities in the valuation of inventories in 2018 and earlier, which were identified, reported (ad hoc release 19 December 2019) and now confirmed during the audits of the annual financial statements of iNDAT Robotics GmbH ("iNDAT"), a subsidiary of MAX Automation. These are primarily due to deficiencies in iNDAT's internal control system, which have since been corrected.

On the basis of the analyses, the correction of the total operating revenue amounts to EUR 4.9 million, of which EUR 3.6 million relates to 2018 and EUR 1.3 million to earlier years. The correction will be made by retrospectively adjusting the previous year's figures in the consolidated financial statements as of 31 December 2019. As a result of the adjustment, the EBITDA of the MAX Automation Group as well as the core business will each increase by EUR 4.9 million.

For the full year 2019, the Group will achieve operating earnings before interest, taxes, depreciation and amortization (EBITDA) and, excluding the first-time application of IFRS 16 (Leasing), a minus of maximum EUR 6 million, according to provisional calculations. This is within the previous forecast of minus EUR 6 million to minus EUR 10 million. According to preliminary calculations, MAX Automation expects EBITDA in its core business to be at least EUR 31 million. The previous forecast had assumed a range of EUR 26 million to EUR 28 million. The IFRS 16 effect will have an additional positive EBITDA effect on the Group of around EUR 4 million.

For the group sales, preliminary calculations indicate an amount to around EUR 425 million (forecast EUR 400 million to EUR 420 million). For the core business, MAX Automation expects sales of approximately EUR 339 million. The forecast had envisaged a range of EUR 320 to 330 million.

Detailed financial information

The information in this notification is preliminary.

The complete consolidated financial statements of MAX Automation SE for fiscal year 2019 will be published on 17 March 2020 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
[email protected]
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
[email protected]   [email protected]

28-Feb-2020 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: [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; BX
EQS News ID: 985991

 
End of Announcement DGAP News Service

985991  28-Feb-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 376,18 403,99 425,49 307,00 349,08 409,19 397,37
EBITDA1,2 28,87 -20,25 -0,89 5,66 25,72 25,72 34,56
EBITDA-Marge3 7,67 -5,01 -0,21 1,84 7,37 6,29
EBIT1,4 20,19 -42,14 -15,80 -19,49 11,56 21,99 19,16
EBIT-Marge5 5,37 -10,43 -3,71 -6,35 3,31 5,37 4,82
Jahresüberschuss1 14,13 -43,56 -35,48 -26,33 -0,89 14,97 15,18
Netto-Marge6 3,76 -10,78 -8,34 -8,58 -0,26 3,66 3,82
Cashflow1,7 18,69 20,55 -20,88 32,03 27,67 -2,87 17,19
Ergebnis je Aktie8 0,50 -1,32 -1,18 -0,90 -0,05 0,39 0,37
Dividende8 0,15 0,00 0,00 0,00 0,00 0,00 0,15
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
MAX Automation
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2DA58 5,660 Kaufen 166,74
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,10 14,62 0,77 -60,21
KBV KCV KUV EV/EBITDA
1,45 9,70 0,42 7,68
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 30.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 02.08.2024 08.11.2024 12.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,90% -2,70% -2,08% 4,43%
    
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Automatisierung , A2DA58 , MXHN , XETR:MXHN