Mühlbauer Holding AG — Earnings Release 2002

May 13, 2002

News Details

Ad-hoc | 13 May 2002 08:21

Mühlbauer Holding english

Q1/2002: Muehlbauer with free cashflow of 3.5 mill. EUR – admission to NEMAX-50 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Roding, May 13, 2002 – Muehlbauer Holding AG & Co. KGaA, worldwide leading manufacturer of turn-key solutions for the production of chip cards and smart labels, finished first quarter with upward tendency. Despite the initial costs connected with this acquisition of systronic GmbH, the distinct reduction of investments to approximately three to four mill. EUR in the course of the year and an exemplary working capital management led to an extremely positive free cash flow of 3.5 mill. EUR (Q1/2001: -3.4 mill. EUR) for the first quarter of 2002. After the first quarter, at the annual general meeting of April 26, 2002, the stable dividend policy was convincingly carried on with a distribution of 0.30 EUR per share. In view of the continuing difficult market situation, Muehlbauer Holding AG & Co. KGaA demonstrated a significant recovery in its business activities again in the first quarter of 2002. As reported on April 16, 2002, with sales of 21.0 mill. EUR in the first three months of 2002 the company achieved an increase of more than 60% as compared with the preceding quarter (Q4/2001: 12.9 mill. EUR). As compared with the same period in the year 2001 (29.4 mill. EUR), this means a decrease of about 28%. Thereby EBIT with 0.3 mill. EUR and EBIT marge of 1.6% are positive again. Incoming orders, at 18.1 mill. EUR, decreased by nearly 47% as compared with last year (34.1 mill. EUR), but, in comparison to third quarter 2001, there is a stabilization in line with fourth quarter. As of the end of the first quarter, the order backlog totals 41.2 mill., and is thereby almost 32% below the results of the previous year (60.9 mill. EUR). At the same time, business activities continued to shift toward Smart ID technology. With more than 70 percent of total sales, this exemplifies Muehlbauers distinctly future-oriented strategy. With the lately fixed admission of Muehlbauer shares in the Nemax-50 index by June 24, 2002 Muehlbauer Holding AG & Co. KGaA once more put its strengths under proof. By the index composition, for the first time based on the free float of shares, Muehlbauer Holding AG & Co. KGaA reached another significant goal in its development. For further information please contact Armin Polster, Investor Relations, Tel.:+49(0)9461-952-653, Fax:+49(0)9461-952-8520, armin.polster@muehlbauer.de. end of ad-hoc-announcement (c)DGAP 13.05.2002 ——————————————————————————– WKN: 662720; ISIN: DE0006627201; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 130821 Mai 02