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MBB SE — Earnings Release 2009
Apr 16, 2010
279_rns_2010-04-16_38b818ec-f45a-48b4-87e6-94b06a869d06.html
Earnings Release
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Ad-hoc | 16 April 2010 08:51
MBB Industries AG: Dividend doubles to 50 cents per share since last year; MBB confirms provisional result
MBB Industries AG / Dividend/Final Results
16.04.2010 08:51
Dissemination 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, April 16, 2010 - As in the previous years, MBB Industries AG (ISIN
DE000A0ETBQ4) again generated a positive result for 2009 with its current
portfolio of six companies.
According to the now final figures, MBB's consolidated revenue for last
year was EUR116.6m compared with EUR199.3 in 2008. Profit for the year was
EUR3.5m compared with EUR8.0m in 2008. Although the drop in revenue and
earnings was partly due to the prevailing economic conditions at the time,
it was largely the result of the sale of the Reimelt-Henschel group in the
second quarter of 2009. Earnings per share for 2009 were 54 cents, compared
with EUR1.22 in 2008.
The high level of cash equivalents in the group of EUR10.7m on 31.12.2009,
including physical gold reserves, was due to the sale of the
Reimelt-Henschel group, and represents an improvement with respect to the
previous year's closing date, when net financial debts were stated. Equity
capital rose to EUR55.6m with a liquidity level, including physical gold
reserves, of EUR35.3m; the capital ratio is 54.5 percent.
The managing board and board of directors decided to propose a dividend of
50 cents per share at the company's annual general meeting held on June 30,
2010. The aim of the dividend is, on the one hand, to express the constancy
in the company's dividend policy with respect to previous years with 25
cents per share, and on the other hand, to allow the shareholders to
participate in the successful sale of the Reimelt-Henschel group in 2009,
in the form of a once-only 25 cent dividend increase.
Cash and cash equivalents in the group holding company, MBB Industries AG,
was EUR28.4m as of 31.12.2009, representing a solid foundation upon which
to continue the growth of the group through company acquisitions.
The managing board is forecasting a revenue of EUR120m for the year 2010
with its existing holding portfolio and an increase in the level of
earnings compared with the previous year, based on the assumption that the
underlying economic conditions for 2010 have improved. Moreover, the
effects of the process optimisations and modifications undertaken in the
holdings are also likely to make themselves felt.
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
16.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: 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
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service