DGAP-Ad hoc: MAX Automation AG

DGAP-Adhoc: MAX Automation AG adjusts expectations for financial year 2016 due to market-related factors in Environmental Technology

MAX Automation AG / Key word(s): Change in Forecast

08.11.2016 17:27

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Insider Information pursuant to Art. 17 MAR

MAX Automation AG, Breite Straße 29-31, 40213 Düsseldorf

WKN: 658090 / ISIN: DE0006580905 [Frankfurt Stock Exchange - Regulated Market]

MAX Automation AG adjusts expectations for financial year 2016 due to market-related factors in Environmental Technology

Düsseldorf, November 08, 2016 - The Management Board of MAX Automation AG has lowered its sales and earnings expectations for financial year 2016 based on the preliminary figures for the third quarter. This is due to a decline in sales and earnings in the first nine months, which resulted mainly from the unsatisfactory development of business in the Environmental Technology segment. This was partly caused by the persistently low oil price and therefore low demand for recycling and processing solutions, especially in the US.

Group sales amounted to approximately EUR 74.3 million in the third quarter (Q3 2015: EUR 95.9 million). Consolidated earnings before interest and taxes (EBIT) and before depreciation from purchase price allocations (PPA) amounted to around EUR 4.1 million for the period (Q3 2015: EUR 7.5 million).

The Management Board has initiated countermeasures in the Environmental Technology segment. These include, in particular, adjusting the capacity to suit current market conditions. Expenses associated with the measures taken will partially lead to corresponding provisions in the fourth quarter. The objective is to generate appropriate results in this business segment again from 2017 on, even if the sales base is lower.

In light of these developments, the Management Board now expects Group sales of EUR 340 million to EUR 350 million (previously EUR 370 million to EUR 390 million) for the full year 2016 and Group EBIT before PPA amortization of EUR 18 million to EUR 20 million (previously at least EUR 24 million).

The Group's order backlog as of September 30, 2016, reached the record level of EUR 197.3 million, an increase of 24.6% compared to the same date of the previous year. This development resulted from the Group segment Industrial Automation, where the order backlog increased by 51.7% to EUR 177.6 million by annual comparison. The Management Board considers this to be an excellent good starting point for sales and earnings to develop from next year.

The company's interim report for the first nine months of 2016 will be available on the website www.maxautomation.de as planned on November 14, 2016.

Contact: MAX Automation AG, Breite Straße 29-31, 40213 Düsseldorf, Phone: +49 (0) 211 90 99 1-0

08.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: MAX Automation AG Breite Straße 29-31 40213 Düsseldorf Germany Phone: +49 (0)211 90991-0 Fax: +49 (0)211 90991-11 E-mail: Investor.Relation@maxautomation.de Internet: www.maxautomation.de ISIN: DE0006580905 WKN: 658090 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------