MBB SE — Earnings Release 2011

Nov 18, 2011

News Details

Ad-hoc | 18 November 2011 08:47

MBB Industries AG: MBB Industries AG: Revenue and earnings up significantly year-on-year after first nine months of 2011

MBB Industries AG / Key word(s): Quarter Results

18.11.2011 08:47

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MBB Industries AG:

Revenue and earnings up significantly year-on-year after first nine months
of 2011

• Revenue from continuing operations climbs 6.4% to EUR79.5 million

• Consolidated net profit improves significantly on previous year to
  EUR2.5 million (37 cents per share)

• Cash and cash equivalents of EUR29.0 million as at end of third quarter
  of 2011

• Acquisition of eld datentechnik as at 1 October 2011

• Good business performance forecast in fourth quarter

Berlin, 18 November 2011 - MBB Industries AG (ISIN DE000A0ETBQ4), a
family-owned, medium-sized corporation, generated consolidated revenue of
EUR79.5 million and earnings per share of 37 cents in the first three
quarters of 2011.

Consolidated revenue rose by 6.4% from EUR74.7 million to EUR79.5 million
in the first nine months of 2011. Operating earnings (EBITDA) amounted to
EUR6.0 million as at the end of September 2011, corresponding to an EBITDA
margin of 7.5% - well above the previous year's level of EUR-5.1 million.
It should be noted that earnings in 2010 were greatly reduced by losses on
carrying amounts incurred as a result of the sale of the majority holding
in the Romanian Delignit companies. As anticipated, after completing its
turnaround, Delignit again contributed to the positive results of MBB
Industries in the current 2011 financial year. Consolidated net profit
after nine months of 2011 amounted to EUR2.5 million (EUR0.37 per share)
after EUR-8.4 million (EUR-1.27 per share) in the same period of the
previous year. Equity declined from EUR47.4 million as at 31 December 2010
to EUR45.0 million as at the end of September 2011. This corresponds to an
equity ratio of 52.1% after 51.7% as at the end of 2010. Cash and cash
equivalents including securities and physical gold holdings amounted to
EUR29.0 million as at 30 September 2011, net cash (the above cash and cash
equivalents less liabilities to banks) amounted to EUR12.2 million as at
the same date.

In the third quarter, MBB Industries generated consolidated revenue of
EUR27.6 million with EBITDA of EUR1.5 million and a consolidated net profit
of EUR0.2 million (EUR0.02 per share). The weaker earnings compared to the
two previous quarters is due to normal seasonal progression, higher M&A
expenses and the negative trend in cash and cash equivalents. The dividend
of 33 cents per share or EUR2.2 million was distributed in the third
quarter of 2011. Furthermore, the business activities of eld datentechnik
were acquired effective 1 October 2011.

The Managing Board is forecasting that revenue and earnings will exceed the
previous quarters in the fourth quarter of 2011. In its opinion, the
available equity and liquidity resources provide a good foundation from
which to grow in the current market environment by acquiring new equity
investments.

The full quarterly financial report will be available for download at
www.mbbindustries.com on 30 November.

About MBB Industries AG:
MBB Industries AG is a family-owned, medium-sized corporation that has
expanded steadily as a result of organic growth and the acquisition of
other companies since it was founded in 1995. Achieving a long-term
increase in the value of the individual companies and the Group as a whole
forms the heart of its business model. This business model has been highly
profitable since the outset - substantial growth and sustainable returns
will remain MBB Industries AG's goal in future as well. The five Group
companies of CT Formpolster, Delignit, Hanke, DTS IT and OBO currently
employ 685 people and together generate annual revenue of more than EUR120
million.
Further information on MBB Industries AG can be found on the Internet at
http://www.mbbindustries.com

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MBB Industries AG
Joachimstaler Str. 34
10719 Berlin

Tel. 030/844 15 330
Fax 030/844 15 333
request@mbbindustries.com
www.mbbindustries.com

Executives with Authorisation of Representation
Dr. Christof Nesemeier (CEO), Gert-Maria Freimuth (CIO)

Supervisory Board
Dr. Peter Niggemann (Chairman), Dr. Jan C. Heitmüller, Dr. Matthias
Rumpelhardt

Registry Court
Amtsgericht Berlin-Charlottenburg, Register number: HR 97470

18.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbbindustries.com
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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