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MBB Industries AG generates record earnings of 89 cents per share in first half of 2012

09-06-2012 11:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MBB Industries AG

- Revenues rise by 73% to EUR89.8 million

- Half-year earnings up 151% to EUR5.8 million

- Outlook still positive

Berlin, 13. August 2012 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation, has generated significant increases in revenues and earnings in the first half of 2012, according to provisional figures. All holdings contributed to the highly positive performance, including CLAAS, which was acquired as at the end of the first quarter of 2012 and has since been renamed MBB Fertigungstechnik. Revenues of MBB Industries climbed by 73% in the first half of 2012 to EUR89.8 million after EUR51.9 million in the same period of the previous year. EBITDA rose by 146% to EUR10.9 million after EUR4.4 million in the first half of 2011. EBIT improved by 217% to EUR8.4 million after previously EUR2.6 million. Consolidated earnings also increased strongly by 151% to EUR5.8 million after EUR2.3 million in the same period of the previous year. These figures include income from the first-time consolidation of MBB Fertigungstechnik of EUR1.7 million. Earnings per share in the first half of 2012 amounted to EUR0.89 after EUR0.35 in the first half of the previous year. For the year as a whole, MBB Industries is still assuming sales of more than EUR200 million and a continuing positive performance in earnings.

In the second quarter of 2012, in which MBB Fertigungstechnik was included in reporting for the first time, sales rose by 141% to EUR58.4 million. EBITDA improved by 258% year-on-year to EUR6.2 million, while EBIT rose by 451% to EUR4.7 million. Overall, MBB Industries earned around EUR2.6 million in the second quarter of 2012, an increase as against the previous year's figure of 175%. Earnings per share for the second quarter of 2012 amounted to EUR0.40.

Net cash and cash equivalents improved to EUR18.2 million in the first half of 2012 after EUR13.7 million at the end of 2011. It should be noted that MBB Fertigungstechnik was acquired and a dividend of around EUR2.8 million (EUR0.44 per share) was distributed in the reporting period. With the cash and cash equivalents currently available to it, MBB Industries has the opportunity to continue its external growth as well.

The full half-year report will be available for download under Investor Relations at www.mbb.com from 31 August 2012.

About MBB Industries AG:

MBB Industries AG is a family-owned, medium-sized corporation that has expanded steadily as a result of organic growth and the acquisition of other companies since it was founded in 1995. Achieving a long-term increase in the value of the individual companies and the Group as a whole forms the heart of its business model. This business model has been highly profitable since the outset - substantial growth and sustainable returns will remain MBB Industries AG's goal in future as well.

Further information on MBB Industries AG can be found on the Internet at

http://www.mbb.com

MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
anfrage@mbb.com
www.mbb.com

Managing Board with power of representation
Dr. Christof Nesemeier (Chairman), Gert-Maria Freimuth

Supervisory Board
Dr. Peter Niggemann (Chairman), Dr. Jan C. Heitmüller, Dr. Matthias
Rumpelhardt

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470

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