MAX Automation SE Shows Resilience Amidst Economic Challenges

MAX Automation SE announced a steady performance in the first three quarters of 2024, despite facing macroeconomic and industry-specific challenges. Sales from continuing operations fell to EUR 273.1 million, a decrease attributed to muted demand. Operating result (EBITDA) also declined, impacted by a decrease in sales, ending at EUR 24.9 million, maintaining a margin of 9.1%.

Order intake dropped by 13.5% to EUR 233.5 million due to hesitant investments amid ongoing economic difficulties. The order backlog decreased by 19.8%, reflecting the tough business environment. The adjusted outlook for 2024 anticipates sales between EUR 350 million and EUR 380 million, and EBITDA of EUR 27 million to EUR 31 million, citing weak global economic conditions.

While certain segments like bdtronic showed growth, others were hampered by inflation-related costs and slow market recovery. Adjustments in forecast highlight the ongoing cautious investment climate and economic uncertainties.