MAX Automation SE Sees Challenges but Maintains Optimistic Outlook

MAX Automation SE released their Q1 results, highlighting a weaker performance due to macroeconomic pressures and project delays. Sales reached €69.5 million, falling 23% year-over-year, attributed to postponed projects with ELWEMA and Vecoplan. Despite these setbacks, management remains confident, upholding its FY25 guidance.

bdtronic faced a 47% sales drop to €15.8 million, impacted by a sluggish EV market. To sustain profitability, bdtronic is adjusting its operations, planning for €75-85 million sales despite market cyclicality. Vecoplan also saw a 13.8% sales decline, attributed to a softer US market. On a positive note, its order intake increased by 34% to €45 million.

Overall, MAX's order intake decreased by 14.2%, with an order backlog of €161 million. EBITDA fell significantly to €0.1 million. Nevertheless, MAX Mgmt reiterates a sales target between €340-400 million, confident of a stronger H2.