MAX Automation Second Quarter 2024 Earnings: EPS: €0.032 (vs €0.30 in 2Q 2023)

MAX Automation (ETR:MXHN) Second Quarter 2024 Results

Key Financial Results

• Revenue: €100.9m (down 5.6% from 2Q 2023).
• Net income: €1.16m (down 91% from 2Q 2023).
• Profit margin: 1.2% (down from 12% in 2Q 2023).
• EPS: €0.032 (down from €0.30 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MAX Automation Earnings Insights

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on MAX Automation's balance sheet.

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