Max's Group

DGAP-News: ​​​​​​​MAX Automation SE decides to close iNDAT Robotics and continues to adapt its strategy

Retrieved on: 
Tuesday, February 8, 2022
Robotics, Gesellschaft mit beschränkter Haftung, ISIN, Max Group, Automation, Frankfurt Stock Exchange, Growth, Works council, Group, Max's Group, Risk management

Dusseldorf, 8 February 2022 - MAX Automation SE (ISIN DE000A2DA58 ), a company listed in the Prime Standard of the Frankfurt Stock Exchange, is disposing of its persistently loss-making subsidiary iNDAT Robotics GmbH.

Key Points: 
  • Dusseldorf, 8 February 2022 - MAX Automation SE (ISIN DE000A2DA58 ), a company listed in the Prime Standard of the Frankfurt Stock Exchange, is disposing of its persistently loss-making subsidiary iNDAT Robotics GmbH.
  • Despite considerable efforts to achieve a turnaround by both the management and employees, it was not possible to generate sustainable positive earnings.
  • In addition to the operating losses expected for 2021, MAX Automation SE has budgeted an amount of a similar magnitude for its liquidation.
  • We are taking a very targeted approach to this," said Dr. Christian Diekmann, CEO/CFO of MAX Automation SE.

DGAP-News: MAX Automation SE in the nine-month period of 2021 with strong order intake and continued improvement in earnings

Retrieved on: 
Thursday, November 4, 2021
Max's Group, Indian Institute of Food Processing Technology, Management, Technology, Growth, Philadelphia Managing Director's Office, ISIN, Frankfurt Stock Exchange, Executive Office of the President of the United States, Motor vehicle, Science and technology in Asia, Depreciation, Max Group, IWM, Automation, Le Meur, GreenTec Awards, Tax, Semiconductor, Bank

Growth in the Evolving Technologies segment (+109.5%) was driven by medical technology as well as packaging and press automation.

Key Points: 
  • Growth in the Evolving Technologies segment (+109.5%) was driven by medical technology as well as packaging and press automation.
  • Order intake in Non-Core (-35.9%) continued to decline as anticipated as a result of the closure of the IWM businesses.
  • The MAX Group achieved a 44.1% improvement in operating earnings before interest, taxes, depreciation, and amortization (EBITDA) to mEUR 10.6 in the nine-month period of 2021 (9M 2020: mEUR 7.3).
  • The operating cash flow of the MAX Group improved by 51.1% to mEUR 9.7 (9M 2020: mEUR 6.4).

DGAP-News: MAX Automation SE reports strong order intake and improved operating result in first half of 2021

Retrieved on: 
Thursday, August 5, 2021
Max's Group, Robotics, Philadelphia Managing Director's Office, Frankfurt Stock Exchange, Economic development, IWM, Coronavirus, Technology, Automation, Depreciation, Le Meur, Growth, COVID-19, Motor vehicle, Indian Institute of Food Processing Technology, Max Group, GreenTec Awards, Tax, Management, Science and technology in Asia, International Securities Identification Number, Income, Group, Food delivery, Renewable energy

Order intake in the Non-Core business (-62.9%) decreased as planned as a result of the closure of the IWM business.

Key Points: 
  • Order intake in the Non-Core business (-62.9%) decreased as planned as a result of the closure of the IWM business.
  • Overall, the MAX Group's order backlog increased by 30.3% to mEUR 234.6 (30 June 2020: mEUR 179.8).
  • Sales at the MAX Group in the first half of 2021 were down 5.2% year-on-year at mEUR 144.2 (H1 2020: mEUR 152.1).
  • MAX Automation expects its portfolio companies in the second half of financial year 2021 to continue to stand their ground in this dynamic environment.