MAX Automation SE Adjusts 2024 Financial Forecast

On October 29, 2024, MAX Automation SE announced a downward revision of its financial forecast for the year 2024. This decision was made by the Supervisory Board following an updated analysis of the fourth quarter projections. The company now anticipates revenue of EUR 350 to 380 million, compared to the previous estimate of EUR 390 to 450 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to be between EUR 27 million and EUR 31 million, down from the earlier range of EUR 31 to 38 million. The primary factor for this adjustment is a decrease in order intake, influenced by a weak global economy. All segments, except ELWEMA, are affected. Additionally, increased costs in the bdtronic Group segment are impacting EBITDA forecasts.