DGAP-Information: MAX Automation SE / Key phrase(s): Quarterly / Interim Assertion
06.05.2021 / 07:30
The issuer is solely accountable for the content material of this announcement.
PRESS RELEASE
MAX Automation SE stories secure first quarter of 2021
Düsseldorf, 6 Could 2021 – MAX Automation SE (ISIN DE000A2DA58), an organization listed within the Prime Customary of the Frankfurt Inventory Alternate, proved to be resilient within the first quarter of 2021 and achieved a secure begin to its present monetary 12 months towards the backdrop of a COVID-19 pandemic which continues to affect the general economic system.
At mEUR 73.6, the MAX Automation Group’s order consumption was nearly on the degree of the identical quarter of the earlier 12 months (3M 2020: mEUR 74.9). That is even supposing important order consumption in medical expertise deliberate for the primary quarter of 2021 was partially introduced ahead to December 2020.
Strategic tasks, such because the sale of a prototype system for the automated manufacturing of COVID-19 speedy exams within the Evolving Applied sciences section, promise excessive market potential within the area of rapid medical and pharmacological diagnostics within the additional course of enterprise. Within the Course of Applied sciences section, profitable new developments in shelling out expertise are opening new potential for extra orders. The mission pipeline and provide quantity within the Environmental Applied sciences section additionally stay excessive. Moreover, main tasks are within the strategy of being awarded on this space. Total, the order backlog at Group degree elevated to mEUR 213.1 as of 30 March 2021 (30 March 2020: mEUR 194.6) and, with the rising financial restoration and availability of vaccines, provides rise to expectations of a strong growth of enterprise in 2021.
Because of corona-related delays in mission completions in the beginning of the 12 months, MAX Group’s gross sales have been 11.8% beneath the extent of the identical quarter of the earlier 12 months at mEUR 70.8 (3M 2020: mEUR 80.2) and thus beneath administration’s expectations. Course of Applied sciences mirrored robust order consumption in shelling out expertise and robust service enterprise, with gross sales up 15.8% to mEUR 13.9 (3M 2020: mEUR 12.0). Within the Environmental Applied sciences section, corona-related mission postponements in the USA have been mirrored in an 18.7% decline in gross sales (3M 2020: mEUR 29.6). At mEUR 26.7 (3M 2020: mEUR 27.1), gross sales within the Evolving Applied sciences section have been barely beneath the extent of the primary three months of 2020; right here, too, corona-related mission delays prevented a rise in these figures. Gross sales within the Non-Core section declined by 44.9% (3M 2020: mEUR 12.1) because of the discontinuation of recent enterprise on the IWM corporations. Stricter quarantine laws in China delayed ELWEMA’s mission enterprise, subsequently gross sales within the first three months in 2021 have been beneath the comparable degree of the earlier 12 months.
Earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) of mEUR 3.6 (3M 2020: mEUR 0.6) have been above final 12 months’s determine and administration’s expectations. Non-cash particular results from the discharge of provisions and rental liabilities additionally contributed to this. Because of elevated mission gross sales in addition to value financial savings, EBITDA of the Course of Applied sciences section rose extra strongly than anticipated by 66.5% (3M 2020: mEUR 1.1). Regardless of the decline in gross sales, Environmental Applied sciences additionally posted an 8.9% enhance in EBITDA (3M 2020: mEUR 2.9). Earnings on this section have been positively influenced by the discharge of a significant provision in addition to decrease bills for gross sales actions because of the pandemic. Because of increased bills within the Robotics division, EBITDA for the Evolving Applied sciences section was down considerably by EUR 2.4 million (-90.7%) in comparison with the earlier 12 months to simply EUR 0.2 million (3M 2020: EUR 2.6 million). Within the Non-Core section, EBITDA improved in comparison with the primary three months of 2020 to a constructive results of mEUR 0.4 (3M 2020: mEUR -3.8). Right here, the end result was considerably improved by the termination of a long-term lease settlement and the sale of the IWM Automation GmbH property in Porta-Westfalica.
Because of the robust working money circulation within the fourth quarter of 2020 and the ensuing enhance in money and money equivalents, the corporate managed to additional cut back its liabilities from the syndicated mortgage within the first quarter of 2021. The Group’s money and money equivalents decreased accordingly to mEUR 27.6 (31 December 2020: mEUR 47.7). Money circulation from working actions amounted to a money outflow of mEUR 8.2 (3M 2020: money outflow of mEUR 3.9). The MAX Group’s liquidity continues to supply ample scope as web debt is additional decreased.
“After getting off to an honest begin to the present monetary 12 months regardless of pandemic-related delays, we anticipate the general financial restoration to speed up with the rising availability of efficient vaccines. We consider that our corporations are effectively positioned for this and are assured that order consumption and gross sales will then decide up once more,” stated Dr. Christian Diekmann, Managing Director and CEO/CFO of MAX Automation SE in addition to Chairman of the Supervisory Board.
Outlook for 2021 confirmed
In gentle of the secure growth within the first quarter of 2021 and an order backlog that’s above the extent of the identical quarter of the earlier 12 months, the Managing Administrators of MAX Automation see a strong foundation for monetary 12 months 2021 and ensure the outlook for 2021 that requires a robust enhance in gross sales in comparison with the earlier 12 months’s determine (2020: mEUR 307.0). With regard to the EBITDA of the MAX Group, the Managing Administrators assume a worthwhile growth within the segments of the core enterprise and a robust enhance in EBITDA for the MAX Group above the earlier 12 months’s determine of mEUR 5.7. These expectations are topic to the availability that there isn’t any renewed worsening of the pandemic or a big deterioration in financial growth.
Detailed monetary info
The whole quarterly assertion for the primary quarter of 2021 of MAX Automation SE is obtainable for obtain at www.maxautomation.com/investor-relations/financial-reports/.
About MAX Automation SE
MAX Automation SE (WKN: A2DA58), based mostly in Düsseldorf, is an internationally lively industrial group for high-tech automation options. The working enterprise is split into three divisions: in its Course of Expertise section, the Group’s complete technological Experience makes it an innovation chief within the growth and manufacture of proprietary options (e.g. dosing, impregnation), significantly for the automotive and electronics industries. In its Environmental Expertise section, MAX Automation develops and installs technologically advanced methods for the recycling, vitality and uncooked supplies industries. The Evolving Applied sciences section of MAX Automation develops high-quality meeting and system options for the medical expertise and automotive industries in addition to for robotics and augmented automation.
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