MBB SE — Earnings Release 2011

Aug 15, 2011

News Details

Ad-hoc | 15 August 2011 09:36

MBB Industries AG: Delignit AG returns to profitability in first half year of 2011 after successful turnaround

MBB Industries AG / Key word(s): Miscellaneous

15.08.2011 09:36

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MBB Industries AG:

Delignit AG returns to profitability in first half year of 2011 after
successful turnaround

• EBITDA increased to EUR1.0m, PAT EUR0.2m

• Revenue increased to EUR14.2m

Berlin, 15 August 2011 - Delignit AG (ISIN DE000A0MZ4B0) - a subsidiary of
the holding company MBB Industries AG (ISIN DE000A0ETBQ4) - showed
particularly positive development during the first half year of 2011 and
returned to profitability sooner than expected. After successfully
finishing restructuring efforts in 2010, Delignit AG was able to achieve a
profit after tax of EUR0.2m after the first six months of 2011. In the
corresponding period of the previous year, a loss of EUR1.3m was shown
(continuing operations). EBITDA increased to EUR1.0m from -EUR0.0m.
Revenues reached some EUR14.2m compared to EUR13.6m in last year's
corresponding period. Thus, revenues could be increased by 4 percent,
although previous year's figures included revenues from business with the
former Romanian subsidiaries, which do not accrue in 2011. The company was
able to further reduce net-debt to financial institutions during the first
half year, which stood at EUR3.6m at the end of June 2011 having come down
from approximately EUR4.0m at the end of 2010. The equity ratio of roughly
40 percent reflects a minor increase of some 3 percentage points compared
with half year figures of 2010.

The positive development of Delignit AG's revenue substantially stems from
very good sales to the Automotive segment, which profited from increasing
demand especially in the field of light commercial vehicles. In addition,
the segment of Technological Applications generated significant growth in
particular through increased sales of building equipment. The general level
of order intake remains at very positive levels in the second half of the
year. For the whole of the year, Delignit AG expects further growth in
profitability. However, due to annual closings of the large automotive OEMs
during summer and around the turn of the year, the second half of the year
traditionally shows lower revenues.

Delignit AG's half-year-report 2011 will be available for download under
investor relations at www.delignit.com from August 31, 2011.

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 AG, please visit
http://www.mbbindustries.com

15.08.2011 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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