Press release
MBB Industries AG continues profitable growth in first half of 2013
- Revenue rises by 27.3% to EUR114.3 million- Consolidated earnings improve by 9.6% to EUR6.3 million
- Outlook positive
Berlin, 30 July 2013 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation, has posted further growth in revenue and earnings in the first half of 2013. Revenue increased by 27.3%, from EUR89.8 million in the first half of 2012 to EUR114.3 million. Consolidated earnings improved by 9.6% to EUR6.3 million after EUR5.8 million previously. Per share, this corresponds to EUR0.98 after EUR0.89 in the first half of the previous year.
Despite the dividend payment of more than EUR3 million in June, MBB Industries AG further expanded its cash position in the reporting period. This reflects the company's earnings power. Its cash and cash equivalents rose to EUR46.2 million as at the end of June 2013 after EUR45.2 million at the end of 2012. Equity climbed to EUR59.1 million after EUR57.4 million as at the end of the financial year.
In the second quarter of 2013, revenue amounted to EUR58.8 million after EUR58.4 million in the same quarter of the previous year. Earnings improved to EUR3.0 million after previously EUR2.6 million. It should be noted that MBB Fertigungstechnik, acquired in the previous year, has been contributing to the revenue and earnings of MBB Industries AG since the second quarter of 2012. The good business performance is still driven by the entire group. With the construction of a new paper machine at Hanke Tissue and the development of own production facilities in China for MBB Fertigungstechnik strategically important investments in the further growth of the existing portfolio companies are currently being implemented. The outlook is positive, hence the company is still assuming a revenue increase with a healthy earnings level for 2013 as a whole. Thanks to its good liquidity position MBB Industries will be able to support the anticipated growth of its existing portfolio companies, as well as perform further acquisitions.
The half-year report will be published on 30 August 2013 and will be available for download at www.mbb.com.
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 lies at the heart of its business model. This business model has been highly profitable from 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
request@mbb.com
www.mbb.com
Managing Board
Dr. Christof Nesemeier
Supervisory Board
Gert-Maria Freimuth (Chairman), Dr. Peter Niggemann, Dr. Matthias
Rumpelhardt
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470
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