|  

MAX Automation: delays lead to reduced turnover

27.11.2020 − 

In the third quarter, corona-related delays in the implementation of projects have led to a reduction in group turnover of MAX Automation. Due to the clearly reduced loss figures in the non-core division, significant cost reductions in the group companies as well as consistently high margins, however, the group EBITDA improved considerably.

Based on the business figures published by MAX Automation for the first half year and the nine-month period, an almost 38% turnover decline to €58.7m ensued for the third quarter, whilst the EBITDA, in contrast, increased many times over to €6.8m. Operating, pre-tax and net profit, at €4.1m, €1.8m and €0.9m respectively, were also positive again in the third quarter. Irrespective of the catch-up effects in the third quarter, the management board anticipates rather lower business momentum for the rest of the year, and therefore still refrains from issuing a new forecast for 2020 as a whole.

In the environmental technologies segment, in which group company Vecoplan and its subsidiaries are consolidated, only a slight turnover decline of 2.5% to €27.4m was recorded in the third quarter. As CEO and chairman of the management board Werner Berensen already explained during a webinar at the end of October, despite the restrictions imposed in connection with the corona pandemic, the company has been generally able to process existing orders as planned over recent months, even in high-risk areas.

Tags of this news:

previous − Leonhardt now called Xylo Machinery DE

British associations TTF and TRADA intend to merge  − next