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MBB SE — Earnings Release 2008
Nov 28, 2008
279_rns_2008-11-28_5759c664-436f-4d12-9a63-474da1f03688.html
Earnings Release
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Corporate | 28 November 2008 08:45
MBB Industries AG: MBB at €141m turnover after first nine months with earnings per share of €1.01
MBB Industries AG / Quarter Results/Interim Report
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.
• Earnings per share at €1.01 after first nine months of 2008
• Liquid funds of €26.4m
• Third quarter turnover of €46.4m
Berlin, November 28, 2008 – MBB Industries AG (ISIN DE000A0ETBQ4), a
holding company specialising in medium-sized industrial companies with
sustained value growth potential, has published its final figures for the
end of the third quarter, confirming the provisional statistics announced
previously. In the third quarter of the current year, MBB Industries
generated a turnover of €46.4m, bringing total turnover for the first nine
months of 2008 to €140.5m, and representing an increase of 102 percent
compared with the previous year, when the turnover level was at €69.6m. The
EBIT for the first nine months was €10.4m after €12.9m in the same period
of the previous year, with a profit for the year of €6.7m, compared with
€11.7m for the first three quarters of 2007. These earnings figures take
into account the fact that last year, MBB Industries AG achieved
extraordinary income from the acquisition and sale of holdings. Earnings
per share for the third quarter of 2008 were at €0.31, while the figure for
the first nine months of 2008 was €1.01. Earnings for the previous year's
period were €1.77 per share including one-off effects.
As of the end of September 2008, MBB Industries AG had liquid funds of
€26.4m, a figure which is somewhat higher than the provisionally reported
level of €25.8m. The balance of liabilities with respect to banking
institutions and liquid funds (net debt) for the end of September was
€0.2m. For the year 2008 as a whole, MBB Industries continues to forecast
earnings per share of €1.30 and a turnover of €190m, as announced in
October.
For further information about MBB Industries and to view the company's
quarterly report, please visit www.mbbindustries.com.
About MBB Industries AG:
Since 1995, MBB Industries AG has maintained successful holdings in the
form of medium-sized industrial companies with sustainable value growth
potential. Our business model is based on a three-pillar structure,
comprising the acquisition of interests at favourable terms, subjecting
them to value-enhancing holding management, and releasing them in
high-yield sales. Right from the start, MBB Industries AG has achieved
above-average profitability, and continues to devote its efforts to
attaining unusually high yields in the future. MBB plans a turnover of
€190m for the year 2008, with more than 1,800 employees.
Contact:
edicto GmbH
Dr. Sönke Knop
Zeisselstrasse 19
60318 Frankfurt
Tel. 069-90550551
E-mail: [email protected]
28.11.2008 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: [email protected]
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service