MBB SE - Earnings Release 2020 | FinancialReports.eu

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Corporate | 27 May 2020 08:00

MBB SE increases first quarter revenues by 34% to €172 million with 9% EBITDA margin

DGAP-News: MBB SE / Key word(s): Quarterly / Interim Statement

27.05.2020 / 08:00

The issuer is solely responsible for the content of this announcement.

MBB SE increases first quarter revenues by 34% to €172 million with 9% EBITDA margin

Berlin, 27 May 2020 – MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, was able to increase revenues by 33.7% to € 71.8 million in the first quarter despite the COVID-19 pandemic. In the same period, EBITDA grew by 18.8% to €15.8 million, which corresponds to an EBITDA margin of 9.2%. At €0.66 per share, adjusted earnings were 46.7% higher than in the same period last year.

Growth in the first quarter was driven primarily by the positive development of the Service & Infrastructure segment. The energy infrastructure specialist Friedrich Vorwerk and its recently acquired subsidiary Bohlen & Doyen generated revenues of €62.6 million in the first three months, which was above expectations. DTS grew by 21.1% to €17.7 million in the same period thanks to high demand for IT security products. The COVID-19 pandemic did not have a significant impact on the segment in the first quarter.

The Technological Applications segment, consisting of Aumann, Delignit and OBO, had already felt a significant cooling of the automotive market last year. Following a more encouraging start into the current year, the COVID-19 pandemic posed a further challenge for these companies. While the plant closures of car manufacturers had an impact on Aumann’s order intake, Delignit and OBO experienced a setback in revenues towards the end of the first quarter. In total, the turnover of the segment fell by 22.8% to €69.3 million.

The Consumer Goods segment, which includes the mattress manufacturer CT Formpolster and the tissue product specialist Hanke, has been partially affected by the COVID-19 pandemic. While revenues decreased by 7.6% to €22.1 million in the first quarter, profitability increased significantly due to improvements in raw material prices.

MBB expects more M&A opportunities in the coming months and is able to finance potential acquisitions with its net cash of €219.0 million, of which €171.5 million is attributable to the holding company MBB SE. The full impact of the COVID-19 pandemic on the 2020 financial year cannot yet be reliably estimated. Management will publish a new forecast once visibility has improved.

The complete quarterly report is available at www.mbb.com .

MBB SE

Joachimsthaler Straße 34

10719 Berlin

Tel +49 30 844 15 330

Fax +49 30 844 15 333

[email protected]

www.MBB.com

Executive Management

Dr Christof Nesemeier (CEO)

Dr Constantin Mang

Klaus Seidel

Chairman of the Board

Gert-Maria Freimuth

Court of Registration

Berlin-Charlottenburg Local Court, registration number: HRB 165458

27.05.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	MBB SE
	Joachimsthaler 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.mbb.com
ISIN:	DE000A0ETBQ4
WKN:	A0ETBQ
Indices:	PXAP
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1056077