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M.A.X. Automation: Successful transformation into a high-tech mechanical engineering group
DGAP-News: M.A.X. Automation AG / Key word(s): AGM/EGM
M.A.X. Automation: Successful transformation into a high-tech
mechanical engineering group
30.06.2015 / 16:01
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PRESS RELEASE
M.A.X. Automation: Successful transformation into a high-tech mechanical
engineering group
- Management Board informs Annual General Meeting of stronger use of
synergies and portfolio optimization
- Forecast for 2015 confirmed
- Shareholders resolve payout of EUR 0.15 per share for 2014
Düsseldorf, June 30, 2015 - M.A.X. Automation AG is in the process of
successfully transforming itself from being a financial holding and
investment company into a decentralized high-tech mechanical engineering
group. Member of the Management Board Fabian Spilker informed shareholders
today at the Annual General Meeting held in Düsseldorf that stronger use is
being made of synergy effects within the group. These include purchasing
advantages due to the group's larger size and more active transfer of
know-how and technology between its companies. Only last week, M.A.X.
Automation AG also succeeded in realizing synergies on the financial side
by agreeing to new group financing in the amount of EUR 150 million with a
prominent banking syndicate.
Besides the AIM Group, the company has also acquired the robotics company
iNDAT Robotics and NSM Packtec Group, a firm that specializes in packaging,
over the last year and a half. The group company Euroroll from the non-core
sector was sold. With the planned sale of the environmental subsidiary
altmayerBTD, Spilker says the focus of the portfolio on core businesses
will finally be completed.
Forecast for 2015 confirmed
The Management Board has confirmed its expectations for fiscal year 2015.
Following the good start to the year that included a lively development in
orders and based on the current group structure, the Board expects to
achieve group sales of between EUR 360 million and EUR 380 million (2014:
EUR 351.4 million) and group earnings before interest and taxes (EBIT) and
PPA amortization of between EUR 20 million and EUR 22 million (2014: EUR
20.5 million).
Approval of all agenda items
With 50.2% of the share capital represented, the Annual General Meeting
PRESS RELEASE
M.A.X. Automation: Successful transformation into a high-tech mechanical
engineering group
- Management Board informs Annual General Meeting of stronger use of
synergies and portfolio optimization
- Forecast for 2015 confirmed
- Shareholders resolve payout of EUR 0.15 per share for 2014
Düsseldorf, June 30, 2015 - M.A.X. Automation AG is in the process of
successfully transforming itself from being a financial holding and
investment company into a decentralized high-tech mechanical engineering
group. Member of the Management Board Fabian Spilker informed shareholders
today at the Annual General Meeting held in Düsseldorf that stronger use is
being made of synergy effects within the group. These include purchasing
advantages due to the group's larger size and more active transfer of
know-how and technology between its companies. Only last week, M.A.X.
Automation AG also succeeded in realizing synergies on the financial side
by agreeing to new group financing in the amount of EUR 150 million with a
prominent banking syndicate.
Besides the AIM Group, the company has also acquired the robotics company
iNDAT Robotics and NSM Packtec Group, a firm that specializes in packaging,
over the last year and a half. The group company Euroroll from the non-core
sector was sold. With the planned sale of the environmental subsidiary
altmayerBTD, Spilker says the focus of the portfolio on core businesses
will finally be completed.
Forecast for 2015 confirmed
The Management Board has confirmed its expectations for fiscal year 2015.
Following the good start to the year that included a lively development in
orders and based on the current group structure, the Board expects to
achieve group sales of between EUR 360 million and EUR 380 million (2014:
EUR 351.4 million) and group earnings before interest and taxes (EBIT) and
PPA amortization of between EUR 20 million and EUR 22 million (2014: EUR
20.5 million).
Approval of all agenda items
With 50.2% of the share capital represented, the Annual General Meeting
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