MBB SE — Earnings Release 2007

Sep 18, 2007

News Details

Corporate | 18 September 2007 08:42

MBB Industries AG: Turnover rises by 81% during the first half of 2007 – EBIT improves by 121 % to 5.1 million €

MBB Industries AG / Half Year Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

MBB Industries AG: Turnover rises by 81% during the first half of 2007

EBIT improves by 121% to 5.1 million €

Berlin, 18 September 2007 – MBB Industries AG (WKN A0ETBQ), an investment
company that focuses on mid-size industrial companies once more showed an
outstanding performance which is illustrated by the figures of first half
of financial year 2007.

Turnover increased by 81 %, reaching 41.7 million € (previous year 23.0
million €), and the operational performance expanded by 72 %, reaching 46.4
million €, in comparison to the same period of the previous year (26.9
million €). This growth in turnover was achieved in equal measure through
organic growth and as a result of the takeover of the Huchtemeier Group in
June 2006.

The level of profit grew disproportionately: EBITDA increased from 3.7
million € in the previous year by 95 %, reaching 7.1 million €. Both EBIT
and net income more than doubled compared to the same period of the
previous year. EBIT grew from 2.3 million € to 5.1 million € at a rate of
121 %. Semi-annual net income is up 127 % from 1.7 million € to 3.9 million
€ as much as for the full financial year 2006. Earnings per share in the
first half of the year already reach 0.59 € (previous year 0.26 €).

Other operative income does contain non-recurring effects: 1.3 million €
result from the sale of Huchtemeier Recycling, 0.6 million € result from
received insurance compensation covering the damage of the Romanian plywood
plant, and 0.5 million € result from the obligatory dissolution of a
special reserve item with an equity portion formed in the previous year.

In the first half of the year 2007 the group achieved a capital ratio
according to HGB (German Commercial Code) of more than 50 % for the first
time. In spite of the considerable growth within the group and a 33.5 %
increase in inventory value, the liabilities to banks were significantly
reduced. The overall net financial liabilities (net debt) dropped by 11.2 %
to 7.7 million €. The liquid assets amounted to 12.2 million € on the key
date.

Following the end of the reporting period MBB Industries has acquired the
Reimelt-Henschel group, which achieves a profitable turnover in excess of
80 million €. Furthermore a credit line of 10 million € for future
acquisition financing has been contracted and the fully owned subsidiary
Delignit Aktiengesellschaft has announced its initial public offer plans.

For the financial year of 2007 the board of directors of MBB Industries
expects to achieve a turnover in excess of 100 million € and earnings per
share with a significant increase in comparison to the previous year. From
the point of view of the board of directors the annualized turnover of MBB
of more than 160 million €, the potential for value appreciation of
Reimelt-Henschel as well as the potential for further acquisitions, will
allow MBB to continue its extraordinary profitable and substantial growth
well beyond the current financial year. The availability of liquid funds
will moreover allow MBB Industries to make further acquisitions.

The half year report is published on MBB Industries webpage:
www.mbbindustries.com.

About MBB Industries AG

MBB Industries AG has been acquiring interests in mid-size industrial firms
with sustainable, added-value potential since 1995. The business model is
based on a three-pronged approach that entails acquiring interests at
favorable terms, managing these interests in ways that enhance their value,
and selling them at high rates of return. MBB Industries AG has been highly
profitable right from the start, and will continue to aim for exceptional
yields in the future. The Group, which has approximately 1,840 employees,
expects consolidated turnover in excess of 100 million € for 2007. The
annualized group turnover is due to exceed 160 million €. The shares of MBB
Industries AG are traded in the Entry Standard segment of the
Frankfurt/Main Stock Exchange.

Contact:

edicto GmbH

Dr. Sönke Knop

Zeißelstraße 19

60318 Frankfurt

Tel. 069-90550551

eMail: mbb@edicto.de

Disclaimer

This press release and the information contained therein do not constitute
an offer for sale or an invitation to purchase shares of MBB Industries AG,
neither in or outside of Germany, nor, in particular, in the United States,
Canada, Japan, or Great Britain and Northern Ireland. This press release
serves solely to provide information.

The information contained in this press release is intended exclusively for
individuals and companies domiciled in Germany.

Any decision to invest in shares in MBB Industries AG must be made solely
pursuant to a securities prospectus. Under no circumstances whatsoever will
shares in MBB Industries AG be offered for public sale outside of Germany,
especially not in the United States, Canada, Japan, or Great Britain and
Northern Ireland.
18.09.2007 Financial News transmitted by DGAP

---

Language: English
Issuer: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Deutschland
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: christof.nesemeier@mbbindustries.com
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt

End of News DGAP News-Service

---