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MBB SE — Earnings Release 2008
Oct 15, 2008
279_rns_2008-10-15_21dc0d23-d79f-4a84-b88e-b2c7274df1e4.html
Earnings Release
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News Details
Ad-hoc | 15 October 2008 08:28
MBB Industries AG: MBB Industries AG lowers outlook owing to business developments at Delignit
MBB Industries AG / Profit Warning/Forecast
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
• Earnings per share of at least €1.30 expected for 2008
• More than €24m of liquid funds in the group
• Listing in the German Entrepreneurial Index (GEX) of the Deutsche Börse
AG
Berlin, October 15, 2008 – MBB Industries AG (ISIN DE000A0ETBQ4), a holding
company specialising in medium-sized industrial companies with sustained
value growth potential, has lowered its earnings forecast due to business
developments at its listed holding, Delignit AG. MBB Industries has amended
its expectations for the year 2008 to minimum earnings per share of €1.30,
after achieving €0.70 for the first half of 2008. The figure previously
forecast for 2008 was €1.65. However, as far as the group turnover figure
is concerned, no change is anticipated. The expected level remains at over
€190m, which corresponds to an increase of more than 67 percent compared to
the previous year. At the same time, the group currently has more than €24m
in liquid funds, which permits the ongoing expansion of the company's
portfolio.
Delignit AG has noted a significant reduction in customer demand. This
reticence among purchasers has affected the automotive division as well as
technological applications and veneer divisions. Since it is not currently
possible to predict how long this reluctance is likely to last, Delignit AG
has effected considerable modifications to the production capacity in the
works.
Moreover, MBB Industries is now listed in the GEX, the German
Entrepreneurial Index of the Deutsche Börse AG. The GEX comprises Prime
Standard stocks which have been listed for less than ten years and whose
management is a majority shareholder of the company. The GEX therefore
functions as an indicator of share developments among medium-sized
companies on the stock market, and complements the various DAX indices.
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. For the year 2007, MBB
Industries achieved a group revenue of €113.6 million, with a workforce of
around 1,800, while a group revenue of €94.1 million and earnings per share
of €0.70 was reached for the first half of 2008.
Further information on MBB Industries is available from the Internet at the
address www.mbbindustries.com.
Contact:
edicto GmbH
Dr. Sönke Knop
Zeißelstraße 19
60318 Frankfurt
Tel. 069-90550551
eMail: [email protected]
15.10.2008 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