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MBB SE — Earnings Release 2009
May 29, 2009
279_rns_2009-05-29_acb8b422-7cd6-4f60-9e94-f06f16115eaf.html
Earnings Release
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Ad-hoc | 29 May 2009 08:50
MBB Industries AG: MBB Industries AG Continues to be Profitable in First Quarter of 2009
MBB Industries AG / Quarter Results/Quarter Results
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, May 29, 2009 - MBB Industries AG (ISIN DE000A0ETBQ4), a holding
company specialising in medium-sized industrial companies with sustained
value growth potential, generated a turnover of EUR 42.3m in the first
quarter of 2009, compared with EUR 44.8m in the previous year. The
operating result (EBITDA) showed a drop to EUR 2.3m, down from EUR 3.9m in
the first quarter of 2008. Earnings for the first quarter of 2009 were EUR
0.6m compared with EUR 1.9m for the equivalent previous period. Earnings
per share were 6 cents, compared with 19 cents for the same quarter of the
previous year.
The holdings Hanke, DTS and Reimelt Henschel continued to improve their
profitability with increasing revenues in the first quarter. Delignit, on
the other hand, suffered considerable drops in turnover and earnings, owing
to its dependence on the automobile industry. The company had, however,
instigated a cost reduction programme at an early stage, in anticipation of
the situation.
After the end of the quarter, on May 5, 2009, MBB Industries sold its stake
in Reimelt Henschel to a strategic investor. This sale is still subject to
approval by the anti-trust authorities. Reimelt Henschel was responsible
for creating around half of the turnover generated at MBB Industries over
the last year.
Depending on the date of Reimelt Henschel's deconsolidation, MBB Industries
is assuming an annual turnover for 2009 of between EUR 120m and EUR 130m,
based on the current holdings. In view of the unaltered challenges in the
market environment, MBB Industries is unable to make any reliable earnings
forecasts for 2009. The sale of the Reimelt Henschel holding and the
general stability of business in our remaining companies will, however,
result in an increase in capital ratio and a considerable rise in cash
equivalents, which stood at EUR 22.8m at the end of first quarter of 2009.
Equity base and assets indicate that MBB Industries has good chances of
expanding its holdings portfolio through acquisition in the current market
environment.
The complete quarterly report will be made available today for download
from 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. The 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 further information about MBB Industries please visit
http://www.mbbindustries.com
Contact:
edicto GmbH
Dr. Soenke Knop
Zeisselstrasse 19
60318 Frankfurt
Tel. 069-90550551
E-mail: [email protected]
29.05.2009 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