Report Publication Announcement • Mar 31, 2011
Report Publication Announcement
Open in ViewerOpens in native device viewer
News Details
Corporate | 31 March 2011 08:22
Muehlhan AG publishes Annual Report 2010
Muehlhan AG / Key word(s): Final Results/Miscellaneous
31.03.2011 / 08:22
PRESS RELEASE
Muehlhan AG publishes Annual Report 2010
* Preliminary figures affirmed
* Executive Board expects return to profitability in 2011
Hamburg, 31 March 2011- With the publication today of its 2010 Annual
Report, Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) affirmed its
preliminary figures for 2010. On 3 March, Muehlhan reported sales revenues
of EUR 165.0 million (2009: EUR 190.8 million), EBIT of EUR -2.5 million
(2009 EBIT: EUR 8.4 million) and a consolidated net loss of EUR -4.4
million (2009 consolidated net income: EUR 3.9 million).
For a detailed overview of the Group's business performance, please consult
the complete Annual Report, which can be found at www.muehlhan.com.
The Executive Board expects a significant recovery in performance in fiscal
year 2011. However, the negative impact on business from the final stage of
the financial and economic crisis will probably be felt through 2012.
Nevertheless, earnings should not be affected as they were in 2010. Given
our current circumstances, the Executive Board therefore forecasts sales
revenues of EUR 150 to 175 million and EBIT of between EUR 4 and 7 million.
Hence, consolidated net income should be in the range of EUR 1 to 4
million, restoring the Muehlhan Group to profitability this year.
About Muehlhan:
The Muehlhan Group is a global specialist in high-quality surface
protection and industrial services. Our business divisions - Ship
Newbuilding, Ship Repair, Energy, Industry and Other Services - enable us
to provide a broad range of professional services to our maritime and
industrial markets. The excellent quality of our service, our high degree
of organization, our technical expertise and almost 130 years of experience
are what set us apart.
With our workforce of around 2,300 employees at more than 30 locations
worldwide, we generated preliminary sales revenues of EUR 165.0 million in
2010. In the years to come, we will utilize our market position as a stable
foundation for further expanding our business.
Press contact: Ties Kaiser, Muehlhan AG; Tel: +49 40 75271 -156 10 640,
e-mail: [email protected]
End of Corporate News
31.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Deutschland
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: [email protected]
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Freiverkehr in Berlin, Hamburg, München, Stuttgart; Entry
Standard in Frankfurt
117767 31.03.2011
Have a question? We'll get back to you promptly.