NuWays keeps BUY on MAX Automation, cuts price target to EUR 6
Reuters2026/08/07 07:01- NuWays kept a BUY on M.A.X. Automation, cut target price to EUR 6 from EUR 7, citing mixed H1 2026 trends.
- Q2 sales beat expectations at EUR 84 million, down 1.1% year on year, supported by new project starts.
- Q2 EBITDA rose 4.7% to EUR 4 million, lifting margin to 4.8% as cost cuts offset softer demand.
- Order intake fell 31% to EUR 68.7 million, pushing book-to-bill to 0.82 and backlog down 6.5% to EUR 144 million.
- Guidance reiterated at EUR 320-370 million sales, EUR 12-18 million EBITDA, skewed to the low end on weak investment cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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