MAX Automation SE Maintains Stability in a Difficult First Half of 2024

Hamburg, 2 August 2024 - MAX Automation SE, listed in the Prime Standard of the Frankfurt Stock Exchange, displayed resilience during the challenging first half of 2024. The company reported stable sales from continuing operations at EUR 188.2 million, nearly matching last year’s EUR 189.9 million, despite subdued demand.

The EBITDA from continuing operations remained positive at EUR 15.6 million, though lower than last year’s EUR 20.2 million, with an EBITDA margin of 8.3%. Order intake fell by 13.7% to EUR 166.9 million, and the order backlog decreased by 10.7% to EUR 184.0 million. Nonetheless, the company has adjusted its 2024 sales forecast to between EUR 390 million and EUR 450 million, and EBITDA to between EUR 31 million and EUR 38 million.

Despite economic headwinds, the bdtronic Group segment witnessed a 17.9% sales increase, contributing significantly to the overall financial stability. However, costs associated with inflation and the need for external services impacted the earnings. The company's commitment to improving its equity ratio was evident through its positive cash flow management.

The company remains cautiously optimistic, preparing for a potential rebound in demand despite ongoing economic uncertainties and customers' investment hesitance.