DGAP-News

Business develops positively for M.A.X. Automation Group in the first half of 2015

DGAP-News: M.A.X. Automation AG / Key word(s): Half Year Results
Business develops positively for M.A.X. Automation Group in the first
half of 2015

14.08.2015 / 07:19

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PRESS RELEASE

Business develops positively for M.A.X. Automation Group in the first half
of 2015

- EBIT before PPA amortization of EUR 7.6 million more than doubles

- Group sales increase by 4% to EUR 171 million

- New Group financing reduces interest costs and offers greater
flexibility for financing continued growth

- Outlook for the full year 2015 confirmed based on high order backlog

Düsseldorf, August 14, 2015 - M.A.X. Automation Group continued to develop
successfully in the first half of 2015. After getting off to a good start
in the first three months of the year, the company that specializes in
high-tech mechanical engineering reported increasing business dynamics in
the second quarter. The business developed fully in line with its
expectations in the first half of the year. The Management Board thus
confirms the economic targets for the full year 2015.

Key Group Figures for the First Half of 2015
- Consolidated new orders for the Group rose by 9.5% to EUR 176.0 million
in the first six months of the year (same period last year: EUR 160.7
million). Of this amount, orders valued at EUR 85.1 million were
received in the second quarter.


- The order book position on June 30, 2015, reached the high level of EUR
163.5 million and was thus 7.8% higher than on the same date in 2014
(EUR 151.7 million). At 1.03, the book-to-bill ratio was also higher
than last year's level.

- Group sales rose by 4.3% from EUR 163.4 million to EUR 170.5 million.
Sales increased by 5.1% to EUR 94.9 million in the second quarter (same
quarter of last year: EUR 90.4 million).

- At EUR 7.6 million, M.A.X. Automation Group managed to more than double
consolidated earnings (EBIT) before PPA amortization (purchase price
allocations) for the period compared to the first half of 2014 (EUR 3.6
million). In the second quarter, EBIT before PPA increased by 9.2% to
EUR 5.8 million after EUR 5.3 million in the same quarter last year.
EBIT after PPA amounted to EUR 5.3 million in the first half of 2015
and was thus more than three times higher than last year's figure (EUR
1.6 million). The second quarter accounted for EUR 4.6 million of this
amount (Q2 2014: EUR 4.4 million).

- Net profit for the period turned to the positive value of EUR 2.3
million after a loss of EUR 0.4 million in the prior-year period.