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MBB SE — Earnings Release 2007
Jan 22, 2008
279_rns_2008-01-22_a34beb12-87fd-4970-88dd-d465795ce401.html
Earnings Release
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Corporate | 22 January 2008 08:00
MBB Industries AG Increase Turnover in 2007 by 75 % to 110m euros
MBB Industries AG / Final 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 Increase Turnover in 2007 by 75 % to 110m euros with
Disproportionately Positive Results
Berlin, January 22, 2008 – MBB Industries AG (ISIN DE000A0ETBQ4), a holding
company specialising in medium-sized industrial companies with sustained
value growth potential, again recorded a considerable operating plus for
the 2007 business year, in terms of turnover and operating profits,
according to provisional figures. Last year's turnover increased by 75 % to
110m euros, compared with a turnover level for 2006 of 62.9m euros. Net
earnings displayed an above-average development, and are presently placed
above the 1.09 euro per share level currently estimated by analysts. All of
the company's holdings contributed to the positive operating trend for
2007. The company's consolidation portfolio was additionally enhanced by
the takeover of the Reimelt Henschel Group in August 2007.
With the group annual report for 2007, MBB Industries will be adopting the
International Financial Reporting Standards (IFRS), a move which will bring
the group a further step closer towards a change into the Prime Standard.
The company has so far not set any date for a change of segment.
For 2008, MBB Industries is planning further increases in turnover and net
earnings. According to forecasts by the executive board, turnover generated
by the existing holdings portfolio will rise to over 180m euros in the year
2008. The company will publish its final figures for the 2007 business year
together with an operating forecast for 2008 on March 25 of this year.
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 holdings 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. In 2007, MBB Industries
achieved a group revenue of over €110 million, with a workforce of around
1,840. Group turnover for 2008 is expected to exceed €180 million. MBB
Industries AG shares are traded over the counter on the Frankfurter
Wertpapierbörse (Frankfurt Stock Exchange), Entry Standard division.
Contact:
edicto GmbH
Dr. Sönke Knop/ Axel Mühlhaus
Zeißelstraße 19
60318 Frankfurt
Tel. +49-69-90550551
eMail: [email protected]
22.01.2008 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: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service