MAX Automation Faces Challenging First Half of 2025

MAX Automation SE reported a difficult first half of 2025 with lower-than-expected order intake and a decline in sales and earnings. Sales from continuing operations dropped to EUR 154.4 million, a 17.9% decrease from EUR 188.2 million in the same period last year. This was largely due to weaker order intake and project postponements.

The operating result, or EBITDA, fell to EUR 3.9 million, down significantly from EUR 15.6 million the previous year, attributed to underutilization and project delays. Despite these challenges, there is a slight increase in order intake, which rose by 5.7% to EUR 176.5 million, indicating initial signs of recovery.

Forecasts for the rest of 2025 were revised downward, with expected sales ranging from EUR 300 million to EUR 340 million, and EBITDA projected between EUR 12 million and EUR 18 million. This adjustment stems from delayed orders and broader economic uncertainties, particularly those related to the US tariff policy.