DGAP-News: M.A.X. Automation AG / Key word(s): Dividend
M.A.X. Automation AG plans an unchanged dividend for financial year
2014
01.04.2015 / 08:38
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M.A.X. Automation AG plans an unchanged dividend for financial year 2014
- Management Board and Supervisory Board propose a payment of 15 euro
cents per share
- Automation expert published 2014 financial statements
Düsseldorf, April 1, 2015 - Following the successful financial year 2014,
M.A.X. Automation AG plans to maintain dividend continuity. As they did
last year, the Management Board and Supervisory Board will propose a
payment of 15 euro cents per share to the Shareholders' General Meeting on
June 30, 2015. Based on Group earnings, this equates to a distribution
ratio of 40 % (previous year: 39 %) and a dividend return of 3.5 % (on the
basis of the year-end 2014 share price of the M.A.X. share of EUR 4.25).
Fabian Spilker, Member of the Management Board of M.A.X. Automation AG: "It
is both our policy and tradition at M.A.X. Automation to allow our
shareholders to participate fairly in our company's success. The dividend
proposal for 2014 maintains dividend continuity and, at the same time,
strengthens our Group's equity base as we focus on continuing our growth."
The Group that is active in the segments Industrial Automation and
Environmental Technology has now published its 2014 consolidated financial
statements. With business picking up over the course of the year and a
lively fourth quarter, the forecasts on Group sales that were corrected
downwards initially were met and even exceeded with respect to operating
earnings.
- Group sales amounted to EUR 351.4 million and were thus within the
target range of between EUR 350 million and EUR 360 million. Compared
to the previous year's figure of EUR 270.1 million, this means growth
of 30.1 %. Here, one must take into consideration that the companies
that belong to the AIM-Assembly in Motion-Group that was acquired in
2013 were only recognized pro rata temporis the previous year and for
the full year for the first time in the reporting year.
- Groupwide incoming orders amounted to EUR 339.3 million, an increase of
36.7 % compared to the previous year's figure of EUR 248.3 million.
- Consolidated earnings before interest and taxes (EBIT) and before
amortization from purchase price allocations (PPA amortization)
increased by 12.8% from EUR 18.2 million to EUR 20.5 million and thus
exceeded the target corridor of between EUR 16 million and EUR 18
million. EBIT before PPA amortization per share was EUR 0.77 following
EUR 0.68 the previous year.
- Group earnings after taxes remained at roughly the same level as last
year of EUR 10.0 million (2013: EUR 10.2 million). This equates to
earnings per share of EUR 0.37 following EUR 0.38 in 2013.
For the current financial year 2015, M.A.X. Automation expects to see the
business continue to develop positively based on the solid order situation
and the strategic focusing of the investment portfolio to concentrate on
core businesses that has been achieved. Based on the Group's current
portfolio, Group sales should range between EUR 360 million and EUR 380
million and Group EBIT before PPA amortization between EUR 20 million and
EUR 22 million.
For further information:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - 5404 - 91 92 0
Fax: +49 - 5404 - 91 92 29
M.A.X. Automation AG (WKN: 658090/ISIN: DE0006580905), Düsseldorf, is an
internationally active group of companies that includes the two segments
Industrial Automation and Environmental Technology. M.A.X. Automation
offers technologically advanced products and solutions in both areas for
order-based special machine construction and for standard systems.
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Language: English
Company: M.A.X. Automation AG
Breite StraÃe 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 (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart
End of News DGAP News-Service
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340505 01.04.2015
DGAP-News: M.A.X. Automation AG plans an unchanged dividend for financial year 2014
| Source: EQS Group AG