DGAP-News
M.A.X. Automation Group exceeds its own expectations in 2015
DGAP-News: M.A.X. Automation AG / Key word(s): Preliminary Results
M.A.X. Automation Group exceeds its own expectations in 2015
18.03.2016 / 07:22
The issuer is solely responsible for the content of this announcement.
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M.A.X. Automation Group exceeds its own expectations in 2015
18.03.2016 / 07:22
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
M.A.X. Automation Group exceeds its own expectations in 2015
- Group sales for the high-tech engineering Group rise by 9.2% to EUR
383.8 million
- Operating profit (EBIT) before PPA amortization increased by 13.0% to
EUR 24.8 million
- The equity ratio improved significantly to 37.5%, strong cash flow and
further reduction in net debt
- CEO Fabian Spilker: "M.A.X. Automation is stronger than ever from an
economic standpoint."
Düsseldorf, March 18, 2016 - M.A.X. Automation Group had a successful
financial year 2015 and experienced increasing operational dynamics over
the course of the year. The company that specializes in high-tech
engineering improved its key figures, in part quite significantly, and even
exceeded its original expectations. This was due not least to a very strong
final quarter. In addition, the Group benefited from a favorable product
and project mix in the reporting year.
M.A.X. Automation made great progress in 2015 on continuing its strategic
further development into a decentrally organized high-tech engineering
Group. The Group companies increasingly realized synergies by working
together more closely. The focus of the Group's portfolio on its core
activities was completed with the sale of parts of altmayerBTD GmbH & Co.
KG in the area of environmental technology. In addition, M.A.X. Automation
AG put Group financing on new footing by taking out a long-term syndicated
loan in the amount of EUR 150 million. A stable basis for further growth
has thus been established.
Key Group Figures for 2015 (preliminary, unaudited data)
- New consolidated orders totaled EUR 363.7 million and were thus 7.2%
higher than last year's level (EUR 339.3 million). Here, M.A.X.
Automation recorded the highest order intake in its history for a
single quarter in the fourth quarter.
- The consolidated order book position amounted to 135.2 million euros on
December 31, 2015, 5.6% below the high previous year's figure of EUR
143.1 million.
- Group sales increased by 9.2% from EUR 351.4 million to EUR 383.8
million and were thus slightly above the forecast range of EUR 360
million to EUR 380 million. Sales from October to December also reached
a record high for a single quarter.
- Consolidated earnings before interest and taxes (EBIT) and PPA
amortization increased by 13.0% from EUR 21.9 million to EUR 24.8
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