MBB SE — Earnings Release 2014

Aug 6, 2014

News Details

Ad-hoc | 6 August 2014 08:44

MBB Industries AG: MBB Industries AG records year-on-year earnings growth in H1 2014

MBB Industries AG / Key word(s): Half Year Results

06.08.2014 08:44

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MBB Industries AG records year-on-year earnings growth in H1 2014

• Consolidated net profit of EUR6.6 million after EUR6.3 million
  previously

• Earnings per share improves to EUR1.01

• Full-year forecast confirmed

Berlin, 6 August 2014 - MBB Industries AG (ISIN DE000A0ETBQ4), a
family-owned, medium-sized corporation, recorded year-on-year earnings
growth in the first half of 2014 according to preliminary figures.
Consolidated net profit improved by 4.8% to EUR6.6 million after EUR6.3
million in the first half of the previous year. This corresponds to EUR1.01
per share compared with EUR0.98 in the previous year. Revenue amounted to
EUR111.2 million after EUR114.3 million in the first half of 2013. Cash and
cash equivalents increased by 4.8%, from EUR54.9 million at the end of 2013
to EUR57.6 million. Net cash was largely unchanged at EUR23.9 million
compared with EUR23.8 million at year-end 2013. Equity increased by 15.2%,
amounting to EUR78.1 million at the end of June 2014 compared with EUR67.8
million at the end of 2013.

Consolidated net income for the second quarter of 2014 amounted to EUR3.4
million compared with EUR3.0 million in the same period of the previous
year. This corresponds to quarterly earnings per share of EUR0.51 after
EUR0.47 in the previous year. The result includes a bargain purchase from
the acquisition of the Tooling plates and pastes materials business of
Huntsman by OBO-Werke in the amount of
EUR 1.3 million. Revenue declined by 5.5%, from EUR58.8 million in the
second quarter of 2013 to EUR55.6 million.

The slightly lower level of revenue in the second quarter and the first
half of 2014 is attributable in particular to project business and the
resulting fluctuating revenue distribution throughout the year at the
largest portfolio company, MBB Fertigungstechnik.

Assuming that macroeconomic development remains positive, Management is
continuing to forecast growth in revenue to EUR250 million and similar
earnings to the previous year for the 2014 financial year as a whole. MBB
Industries AG's liquidity situation allows for supporting the planned
growth of its existing portfolio companies while also making additional
acquisitions.

The half-yearly financial report for 2014 will be published on 29 August
2014 and made available for download at www.mbb.com.

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
lies at the heart of its business model. This business model has been
highly profitable from the outset - substantial growth and sustainable
returns will remain MBB Industries AG's goal in future as well.

Further information on MBB Industries AG can be found on the Internet at
www.mbb.com

MBB Industries AG
Joachimstaler Str. 34
10719 Berlin

Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbb.com
www.mbb.com

Managing Board
Dr. Christof Nesemeier

Supervisory Board
Gert-Maria Freimuth (Chairman), Dr. Peter Niggemann, Dr. Matthias
Rumpelhardt

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470

06.08.2014 The DGAP 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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