NuWays keeps BUY on MAX Automation, cuts price target to EUR 6

Reuters2026/08/07 07:01

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M.A.X. Automation SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_26436) on August 07, 2026, and is solely responsible for the information contained therein.

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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NuWays keeps BUY on MAX Automation, cuts price target to EUR 6

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