openPR Logo
Press release

MBB Industries AG posts revenue and earnings growth after first nine months of 2013

10-30-2013 07:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MBB Industries AG

Dissemination of an Ad hoc announcement according to § 15 WpHG

- Revenue grows 14.4% to EUR172.8 million
- Consolidated net profit up 4.2% to EUR9.5 million

Berlin, 30 October 2013 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized group focusing on technology and engineering services, has increased its revenue and earnings in the first nine months of 2013. After the first three quarters of 2013, revenue was up 14.4% to EUR172.8 million after EUR151.0 million in the same period of the previous year. Consolidated earnings improved by 4.2% to EUR9.5 million after previously EUR9.1 million. Per share, MBB Industries AG therefore earned EUR1.47 in the reporting period after EUR1.41 in the previous year. The good performance is also reflected in the statement of financial position. As at 30 September 2013, the equity of MBB Industries AG amounted to EUR63.2 million after EUR57.4 million as at the end of 2012. At the same time, cash and cash equivalents improved from EUR45.2 million at the end of 2012 to EUR52.6 million despite record capital expenditure in the 2013 financial year as a whole and the payment of a dividend of more than EUR3 million. MBB Fertigungstechnik, which was acquired in the previous year, has been included in figures since the second quarter of 2012.

In the third quarter of 2013, MBB generated revenue of EUR58.5 million compared to EUR61.2 million in the previous year and earnings of EUR3.2 million after EUR3.4 million in 2012. MBB anticipates that business performance will remain positive throughout the entire Group in the remaining months of 2013 and the 2014 financial year. Moreover, MBB is forecasting revenue and earnings contributions in 2014 from the record capital expenditure of around EUR20 million in existing holdings currently being implemented. These include, for example, the construction of a new paper machine at the Hanke Tissue holding, the expansion of MBB Technologies Ltd. (China) as a subsidiary of MBB Fertigungstechnik GmbH and preparations for the start-up of further series supply of van flooring for a renowned manufacturer of light commercial vehicles at the Delignit holding.

MBB Industries AG's sound liquidity resources allow not just the expansion of capacity at existing equity investments, but also the acquisition of further companies.

The quarterly report will be published on 29 November 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
Germany

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release MBB Industries AG posts revenue and earnings growth after first nine months of 2013 here

News-ID: 274286 • Views:

More Releases from MBB Industries AG

MBB Industries AG achieves record revenues in third quarter and adapts year
Dissemination of an Ad hoc announcement according to § 15 WpHG The issuer is solely responsible for the content of this announcement. - Quarterly revenue exceeding EUR60 million for the first time - Nine months consolidated net profit rises to EUR9.8 million (eps EUR1.49) according to preliminary figures - Expected annual revenue adapted to EUR240 million Berlin, 28 October 2014 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation focused on
MBB Industries AG records year-on-year earnings growth in H1 2014
- Consolidated net profit of EUR6.6 million after EUR6.3 million previously - Earnings per share improves to EUR1.01 - Full-year forecast confirmed Berlin, 6 August 2014 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation, recorded year-on-year earnings growth in the first half of 2014 according to preliminary figures. Consolidated net profit improved by 4.8% to EUR6.6 million after EUR6.3 million in the first half of the previous
MBB Industries AG successfully places treasury shares
Placement price of EUR24.65 per share - Increase in equity, liquidity and free float - Cash inflow to be used primarily for further acquisitions Berlin, 27 March 2014 - Based on the authorisation in the resolution by the Annual General Meeting on 18 June 2012 in the version dated 17 June 2013, the Managing Board of MBB Industries AG, which is listed in the Prime Standard of the
MBB Industries AG proposes dividend increase to 55 cents per share
MBB Industries AG proposes dividend increase to 55 cents per share Provisional figures for 2013 confirmed Berlin, 17 March 2014 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation confirms the provisional figures for 2013 previously reported. In the financial year just ended, record revenues and solid earnings level have been achieved. Accordingly an increased dividend of 55 cents per share is set to be proposed to the Annual General

All 4 Releases


More Releases for EUR1

NEW CYBERSECURITY CATEGORY KEEPS FAMILIES AND SMALL BUSINESSES SAFER
26 January 2021, London Independent telecoms industry analyst firm Omnisperience has published a new paper - ‘Unleashing new revenue streams and boosting digital confidence with CCAPS’ - that outlines the risks facing households, homeworkers and small businesses in today’s increasingly connected world. Omnisperience argues that these customers have been left behind when it comes to enjoying a safe connected experience, with lack of time, expertise and resources meaning they remain exposed
How Coronavirus Is Impacting Global Passenger Car Market Forecast to 2025 - Volk …
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used
Organic Cosmetic Products Market 2020 Overview and Competitive Analysis by Top B …
The report titled "Organic Cosmetic Products Market" has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts. Get Sample Copy of this Report
Flame Retardant Chemicals Market: How the Business Will Grow in 2026? Prominent …
Announcement for New Credit Facility by Lanxess to Boost Growth Prospects of Flame Retardant Chemicals Market Lanxess, a German specialty chemicals company based in Cologne, signed for a sustainable credit facility of EUR1 billion to fulfill ESG (Environment, Social & Governance) criteria. The agreement of a new credit facility, featuring 12 banks that will help in the reduction of greenhouse emissions. The new credit facility has an initial
European Space Agency co-funds a EUR 1M project combining AI and satellite data …
Espoo, March 23, 2020 The Finnish-German startup CollectiveCrunch will use the funding to further develop its one-of-a-kind AI, Linda Forest, and bring its service to new markets. The European Space Agency (ESA) has confirmed that it will co-fund a demonstration project of CollectiveCrunch, the Finnish-German leader in AI for the forest industry. ESA will contribute 50% of the overall cost. The total volume of the project is close to EUR1 million. The funding
Medical Helium Market 2020 Revenue Status and Outlook - Air Liquide(Airgas), Lin …
The Medical Helium Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Get Sample Copy of this