Press release BoxID: 168919 (MAX Automation SE)
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M.A.X. Automation AG posts the best first-quarter operating results in its corporate history

(PresseBox) (Düsseldorf, ) M.A.X. Automation AG began fiscal 2008 with record group revenues and profits. According to preliminary figures, the company again exceeded the already impressive results of the same period last year.

The international automation specialist's group revenues were up 4.9% in the first quarter of 2008, coming in at EUR 53.2 million (Q1 2007: EUR 50.7 million). As in the previous year, earnings again rose disproportionately fast: group earnings before interest and tax (EBIT) after the first three months of the year totaled EUR 4.0 million, a rise of 8.7% year-on-year (Q1 2007: EUR 3.7 million). Group net profit rose 10.6% to EUR 2.3 million, following on from EUR 2.1 million in Q1 2007.

The consolidated order intake for the first three months of 2008 was up 4.1% to EUR 60.6 million, compared with EUR 58.2 million in the prior-year period.

The Management Board is optimistic about the prospects for full fiscal 2008. Based on the existing investment portfolio, it says it will be able to continue to boost M.A.X.

Automation AG's group revenues and profits, and post another record year for the corporation.