Mühlbauer Holding AG — Earnings Release 2001

Jul 10, 2001

News Details

Ad-hoc | 10 July 2001 20:31

Mühlbauer Holding english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– According to preliminary figures, the Mühlbauer Group has achieved a total increase in sales of 15 percent for the first half of 2001. Volume has increased from 50.5 million EUR in the previous year to 58 million EUR in the first six months of business year 2001. With regard to the second quarter, turnover has held the same high level as in the comparable quarter of the previous year (Q2/2000: 28.4 million EUR; Q2/2001: 28.7 million EUR). With these results, the worldwide market leader in production systems for Smart Cards has defied the weakening economy and the lasting slump in the global market for semiconductors. Despite the difficult market environment, the Board of Directors is sticking to its set turnover goal for business year 2001. After achieving a total turnover of 110.3 million EUR in 2000, the Roding-based company is still aiming for 130 million EUR in 2001. At a value of 25.3 million EUR, incoming orders have slightly decreased by 2.9 percent in the second quarter of 2001 (previous year: 26 million EUR). Compared with the first-half period last year, incoming orders reached a value of 59.4 million EUR and thus four percent more than in the first six months of 2000 (57 million EUR). Order backlog continues to remain at a very high level: 53 million EUR as of June 30, 2001 mean an increase of 56 percent in comparison to the previous year (34 million EUR). The detailed report on the second quarter of the business year 2001, with the exact figures for all business areas and complete financial data, shall be presented on August 14, 2001. end of ad hoc announcement (c) DGAP 10.07.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: First half-year turnover increases by 15 percent – Mühlbauer confirms its expectations According to preliminary figures, the Mühlbauer Group has achieved a total increase in sales of 15 percent for the first half of 2001. Volume has increased from 50.5 million EUR in the previous year to 58 million EUR in the first six months of business year 2001. With regard to the second quarter, turnover has held the same high level as in the comparable quarter of the previous year (Q2/2000: 28.4 million EUR; Q2/2001: 28.7 million EUR). With these results, the worldwide market leader in production systems for Smart Cards has defied the weakening economy and the lasting slump in the global market for semiconductors. Especially the business division of Smart Identification is meeting expectations: During the period from April to June 2001, turnover has increased from 11.3 million EUR to 17 million EUR; this means an increase of over 50 percent. With reference to the entire first half of the year, this business division shows an increase in turnover of over 80 percent (from 18.2 to over 33 million EUR). Its share of total turnover of the Mühlbauer Group has been further reinforced. In the second quarter of 2000, it represented almost 40 percent of total turnover; now, it is up to almost 60 percent. Smart ID has thus exhibited the largest portion of organic growth of the Mühlbauer Group. Despite the difficult market environment, the Board of Directors is sticking to its set turnover goal for business year 2001. After achieving a total turnover of 110.3 million EUR in 2000, the Roding-based company is still aiming for 130 million EUR in 2001. At a value of 25.3 million EUR, incoming orders have slightly decreased by 2.9 percent in the second quarter of 2001 (previous year: 26 million EUR). In the Smart ID division, the amount of over 20 million EUR represents an increase of almost 52 percent compared to the same quarter of last year (13.3 million EUR). Compared with the first-half period last year, incoming orders reached a value of 59.4 million EUR and thus four percent more than in the first six months of 2000 (57 million EUR). For the Smart Identification division, order receipts amounted to almost 37 million EUR, up 73 percent from the first half of 2000 (21.3 million EUR). Order backlog continues to remain at a very high level: 53 million EUR as of June 30, 2001 mean an increase of 56 percent in comparison to the previous year (34 million EUR). Order backlog for the Smart ID division has more than doubled, moving from 10.8 to nearly 23 million EUR (+ 111 percent). The Mühlbauer Group develops, manufactures and distributes turnkey solutions for the production of SmartCards, SmartLabels and LEDs. With tailor-made complete solutions for all imaginable SmartCard products, the company has achieved the pole position in one of the strongest growth markets worldwide. Through intensive research and development work, as well as extremely short production times, a high quality standard and maximum flexibility, the company is well prepared for the challenges of the world market. The detailed report on the second quarter of the business year 2001, with the exact figures for all business areas and complete financial data, shall be presented on August 14, 2001. From that point on, the quarterly report is accessible on the internet at www.muehlbauer.de. July 10, 2001 ——————————————————————————– WKN: 662720; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 102031 Jul 01