M.A.X. Automation AG: New record group revenue and profit in first nine months

Düsseldorf, (PresseBox) - In the first nine months of 2007, M.A.X. Automation AG increased group revenue to EUR 160.5 million, up 19.9% on the previous year (EUR 133.8 million). Group earnings before interest and tax (EBIT) rose 24.6% to EUR 12.7 million, following EUR 10.2 million in the first nine months of 2006.
At EUR 8.3 million, consolidated profits for the first nine months in 2007 were up 36.9% on the same period last year (EUR 6.0 million). This includes an additional book profit from deferred taxes (approx. EUR 1 million) due to the 2008 tax reform. Last year's figures also included extraordinary income worth approx. EUR 1.4 million.

Order intake for the nine-month period was EUR 193.0 million, compared with EUR 156.9 million in the same period last year (up 23.0%). Order books as per September 30, 2007 were EUR 109.7 million, up 40.8% on last year's figure (September 30, 2006: EUR 77.9 million).

For full fiscal 2007, the Management Board expects to be able to boost group revenue to more than EUR 200 million (2006: EUR 183.7 million) on the basis of the company's current investment portfolio. Group 2007 profits are expected to exceed EUR 10 million (2006: EUR 8.5 million).

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