MAX Automation SE Shows Mixed Results in Q2 2024

MAX Automation SE released its Q2 2024 figures, showing mixed performance across segments. Sales reached €98 million, surpassing estimates, while EBITDA fell 28% to €7.6 million. The company's guidance for the full year was revised to the lower end of the range.

The strong sales were driven by a 39% year-on-year increase in the ELWEMA segment, while the bdtronic segment saw a 10% decline in sales. External services and wage inflation pressured profitability in bdtronic, leading to an 82% drop in EBITDA.

ELWEMA's performance was robust, with sales growing to €18 million and a solid order intake securing projects for FY25. Conversely, bdtronic faced challenges due to reduced demand for electric vehicles, leading to lower order intake and backlog.

MAX Automation SE specified its FY24 outlook and plans to reduce debt. Despite cyclical pressures, the company maintains a mid-term positive outlook.