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MBB SE — Earnings Release 2010
Apr 6, 2011
279_rns_2011-04-06_391d0d00-a335-4f43-91af-c0d7dc65116a.html
Earnings Release
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News Details
Ad-hoc | 6 April 2011 08:40
MBB Industries AG: Preliminary results confirmed; dividend of 33 cents above analysts’ expectations; record net cash
MBB Industries AG / Key word(s): Dividend/Final Results
06.04.2011 08:40
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 6, 2011 - According to audited, final figures MBB Industries
AG (ISIN DE000A0ETBQ4) generated a consolidated revenue of EUR 116 million
and a consolidated net income of minus EUR 6.8 million, which
corresponds to minus EUR 1.04 per share. This includes a one-off accounting
loss from the deconsolidation of the Romanian subsidiaries of Delignit AG
amounting to EUR 9.4 million (equivalent to EUR 1.42 per share). Hence,
excluding this one-off effect, the result would have been significantly
positive.
The liquidity in the group amounts to 33.1 million Euros as of December 31,
2010. Net cash and cash equivalents as of December 31, 2010 amounts to
EUR14.8m surpassing all previous balance sheet dates.
The Managing Board and the Board of Directors decided on the basis of the
positive development of the financial resources to propose a dividend of 33
Cents per share at the Annual Meeting, that takes place on July 7, 2011 in
Berlin. All existing members of the Board of Directors stand for election
for the coming period and will be proposed for election to the Annual
Meeting. The continuity of the Board of Directors is maintained that way.
For the first quarter of 2011, the company reports significant revenue and
earnings growth compared to the prior years quarter.
The annual report for 2010 will be available to download from
www.mbbindustries.com from April 15, 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
06.04.2011 DGAP's Distribution Services include Regulatory Announcements,
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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, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service