M.A.X. Automation AG achieves record sales and earnings in 2007

Düsseldorf, (PresseBox) - In 2007, M.A.X. Automation AG posted the best ever results in its corporate history. Preliminary revenue generated by the international specialist for environmental systems and industrial automation was up about 20% to approximately EUR 220 million, following EUR 183.7 million in 2006. Group earnings before interest and tax (EBIT) rose by more than 23% to over EUR 18 million (2006: EUR 14.6 million). Group net profit saw overproportional growth of about 30% to approximately EUR 11 million (2006: EUR 8.5 million). The group clearly exceeded its own 2007 forecasts: revenue in excess of EUR 200 million and more than EUR 10 million in profit.

In 2007, consolidated order intake for the group was up about 17% to more than EUR 240 million, following EUR 206 million the year before.

In light of the dynamic growth in its industries and the company’s positive development, the Management Board expects to be able to continue the group's revenue and earnings growth in full fiscal 2008 on the basis of its existing investment portfolio. The board said the key focus in 2008 on further group growth will be based on targeted acquisitions.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.

I want to subscribe to the gratis press mail and have read and accepted the conditions.