DGAP-News

M.A.X. Automation Group reports solid development in the first quarter of 2016

DGAP-News: M.A.X. Automation AG / Key word(s): Quarterly / Interim Statement
M.A.X. Automation Group reports solid development in the first quarter of
2016

13.05.2016 / 09:59
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

M.A.X. Automation Group reports solid development in the first quarter of
2016

- Good start to the year in the Industrial Automation segment

- Incoming orders expected to pick up due to major orders

- Management Board confirms forecast for financial year 2016

Düsseldorf, May 13, 2016 - M.A.X. Automation Group recorded a solid
business development in the first quarter that was in line with its own
expectations. At EUR 75.6 million, Group sales for the company that
specializes in high-tech mechanical engineering were exactly the same as in
the same quarter of last year. Adjusted for the contribution of the Group
company altmayerBTD that was sold in December 2015, sales increased by
4.0%.

Consolidated earnings before interest and taxes (EBIT) and before
amortization of purchase price allocations declined from EUR 1.7 million to
EUR 1.4 million mainly due to negative currency effects. New order intake
fell by 19.0% from EUR 90.9 million to EUR 73.6 million. The order book
position as of March 31, 2016, increased by 24.1% to EUR 132.3 million as a
result of the final invoicing of several projects and the high sales in the
fourth quarter of 2015.

The balance sheet ratios continued to develop positively. Net debt as of
March 31, 2016, was reduced by EUR 3.0 million to EUR 61.6 million compared
to the same date in the previous year. The equity ratio was 37.6% (March
31, 2015: 33.0%) and thus significantly above the minimum target of 30%.

The Industrial Automation segment got off to a good start to the year.
Sales rose by 15.8% to EUR 52.1 million in the first three months of the
year. EBIT before PPA more than tripled to EUR 2.3 million. The
Environmental Technology segment on the other hand developed negatively.
Sales declined by 23.3% to EUR 23.5 million, whereby last year's figure
included the sales contribution of altmayerBTD. EBIT before PPA amounted to
EUR -0.3 million after EUR 2.0 million in the previous year and was
burdened by the currency effects mentioned earlier. Environmental
Technology saw business pick up again rather significantly starting in
March, however.

The Management Board confirms its forecast for financial year 2016. It
anticipates Group sales of between EUR 370 million and EUR 390 million and