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MBB SE — Earnings Release 2008
Aug 29, 2008
279_rns_2008-08-29_834d018a-8cfb-4a54-9720-803985904597.html
Earnings Release
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Ad-hoc | 29 August 2008 08:54
MBB Industries: Turnover for first half of 2008 rises by 126% – earnings per share rise to €0,70
MBB Industries AG / Half Year Results/Interim Report
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.
Berlin, August 29, 2008 – MBB Industries AG (ISIN DE000A0ETBQ4), a holding
company specialising in medium-sized industrial companies with sustained
value growth potential, achieved a significant increase in turnover and
earnings for the first half and the second quarter of 2008. Turnover rose
by 126% over the first half of the year to €94.1m, from the previous year's
level of €41.7m. Total revenue for the second quarter were €49.4m, compared
with €22.3m for the same period of the previous year.
The EBITDA for the first half of the year climbed to €9.5m compared with
€6.3m for the first half of 2007. In the second quarter, the EBITDA
improved, rising to €5.6m from €4.2m in the same period of the previous
year. Consolidated earnings rose over the first half to €4.6m, compared
with €3.1m. In the second quarter of 2008, it rose to €3.4m from €2.6m in
the equivalent previous period. Earnings were generated almost exclusively
by the operative business of the subsidiaries. Earnings per share at the
end of the first half year are €0.70, or 49% above the previous half year's
value.
In view of the highly positive development over the first half of 2008, the
managing board has reaffirmed its forecast for the year as a whole, with a
turnover expected of over €190m and earnings per share of €1.65. The
existing liquid funds will continue to enable MBB Industries to make
further acquisitions.
The complete half-year report is available to download now from
www.mbbindustries.com.
Contact:
edicto GmbH
Dr. Sönke Knop
Zeisselstrasse 19
60318 Frankfurt
Tel. 069-90550551
E-mail: [email protected]
29.08.2008 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