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MBB SE — Earnings Release 2011
Aug 30, 2011
279_rns_2011-08-30_7e0fc10b-6c86-4872-bd4d-1ae94950965c.html
Earnings Release
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News Details
Ad-hoc | 30 August 2011 09:25
MBB Industries AG: Half year results increased compared with the previous year by 100% to 35 cent per share
MBB Industries AG / Key word(s): Half Year Results/Half Year Results
30.08.2011 09:25
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.
MBB Industries AG:
Half year results increased compared with the previous year by 100% to 35
cent per share
-
Revenues from continued operations rises by 5% to EUR51.9m
-
Consolidated earnings rises compared with previous half year by 100% to
EUR2.3m -
Net Cash amounts to EUR14.6m
-
Continuing positive business results in the 3rd Quarter
Berlin, August 30, 2011 - MBB Industries AG (ISIN DE000A0ETBQ4), a medium
sized group, achieved revenues from continuing operations of EUR51.9m and
in total consolidated earnings per share of 35 cent in the first half year.
Revenues rose in the first half year of 2011 by 5% from EUR49.4 to EUR51.9m
compared with the previous half year. EBITDA rose by 30% from EUR3.4m to
EUR4.4m, while EBITDA-margin rose from 6.8% to 8.5%. Consolidated earnings
rose from EUR1.1m in the first half year of 2010 to EUR2.3m in 2011, an
increase of 100%, meaning 35 cent earnings per share. The presentation of
continuing operations take into account the sale of the investment
Huchtemeier and the increase of the economic share in Hanke from 78% to
97%.
Equity amounts to EUR48.3m at the balance sheet date which implies an
equity ratio of 53.8%. As of June 30, 2011 liquid funds (including
securities and gold stocks) amount to EUR31.5m. Net cash (aforementioned
liquid funds less liabilities to banks) amounts to EUR14.6m. As of June 30,
2011 the parent company of the group disposes of liquid funds of EUR23.5m,
which - after deduction of the dividend paid on July 8, 2011 of 33cent per
share (EUR2.2m) - are intended for the acquisition of new investment
companies.
The positive development of earnings, substance and liquidity of MBB in the
first half year of 2011 will continue in the third quarter according to the
management board. In addition, it is expected by the company that during
the business year its M&A activities will be an advantage for the
development of MBB. Already in July 2011, MBB subsidiary DTS AG could reach
the acquisition of the business activities from Eld Datentechnik GmbH
effective on 1 October 2011.
The complete half year financial report for the first half year of 2011
will be available for download on August 31, 2011 on the homepage of the
company at www.mbbindustries.com.
About MBB Industries AG:
MBB Industries AG is a family-run medium-sized group, which has maintained
sustainable growth through organic development and acquisition of companies
ever since its foundation in 1995. At its core, our business model
comprises long-term, value-enhancing management both of the individual
holdings and the group as a whole. Right from the start, our business model
has proven to be of above average profitability, and we continue to devote
our efforts to attaining unusually high yields. Currently, 660 employees
are working in the five holdings Ct Formpolster, Delignit, Hanke, DTS IT
and OBO and generate annual revenues of more then EUR100m.
For further information about MBB Industries AG, please visit
http://www.mbbindustries.com
30.08.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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: [email protected]
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