DGAP-News

MAX Automation closes 2016 with record order backlog - Group sales and earnings lower than last year as announced

DGAP-News: MAX Automation AG / Key word(s): Final Results MAX Automation closes 2016 with record order backlog - Group sales and earnings lower than last year as announced 31.03.2017 / 07:36 The issuer is solely responsible for the content of this announcement.

 

PRESS RELEASE

MAX Automation closes 2016 with record order backlog -

Group sales and earnings lower than last year as announced

- Order backlog increases by 43.4% to EUR 193.8 million

- Group sales decline by 12.2% to EUR 337.1 million

- EBIT before PPA amortization reduced to EUR 17.4 million

- The Management Board and Supervisory Board are planning a constant dividend of 15 cents per share for fiscal year 2016

- Corporate design with a new MAX Automation logo takes strategic focus on high-tech mechanical engineering into consideration

Düsseldorf, March 31, 2017 - MAX Automation Group did not develop according to plan in all areas in fiscal year 2016. As announced in November 2016, Group sales and earnings of the specialist for high-tech mechanical engineering were below the previous year's figures. On the other hand, order intake and order backlog rose to record levels. The Management Board considers the positive development of orders to be an excellent starting point for the planned sales and earnings growth in the current year.

In the past fiscal year, MAX Automation introduced initial measures as part of its "Strategy 2021." The cornerstones are the further focus of the MAX Group on the attractive growth markets automotive, medical technology, electronics and industrial applications, significant expansion of its international business, the development of innovative mechanical engineering and software solutions in networked production and greater leveraging of synergies between Group companies.