Mühlbauer Holding AG — Earnings Release 2003

Apr 28, 2003

News Details

Ad-hoc | 28 April 2003 07:58

Mühlbauer Holding english

1st quarter 2003: Muehlbauer with significant growth in difficult environment Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Roding, April 28, 2003. – Muehlbauer Holding AG & Co. KGaA, Roding (SCN 662720) posted significant growth in the first quarter despite a difficult environment. Primarily due to enhanced efficiencies related to manufacturing costs, the technology group significantly improved its earnings power in the first quarter 2003, achieving 1.0 mill. EUR EBIT growth amounting to 1.3 mill. EUR (previous year: 0.3 mill EUR). This corresponds to a 5.5% EBIT margin (Q1/2002: 1.6%). Group net income increased to 0.9 mill. EUR from 0.5 mill. EUR in the prior year quarter, earnings per share trebled to 0.06 EUR (previous year:0.02 EUR). Sales of 22.8 mill. EUR, increase of 8.4% in comparison to last year’s quarter (21.0 mill. EUR). Highest percentage increase at Traceability (previously Board Handling) with 161.4%, followed by Semiconductor Related Products with 151.6%. Regionally, Mühlbauer reported the strongest sales increase in Asia (+1.25 million EUR) and Africa (+1.13 million EUR). With increase of 0.06 mill. EUR in European core market nearly steady development compared to the previous year’s quarter. Incoming orders amounted to 23.3 mill. EUR, up 28.4% compared to the prior year quarter (18.1 mill. EUR). Particularly Semiconductor Related Products benefited from strengthened demand and noted an increase of 134.6%. Order backlog on March 31, 2003: 29.7 mill. EUR (previous year: 41.2 mill. EUR), currently at 35.1 mill. EUR. In addition, increase of the equity ratio up to 77.0% by March 31, 2003 (Dec. 31, 2002: 75.9%). The continued focus on the security industry remained an overriding issue. Primary emphasis was placed on the enhancement of existent machine solutions as well as the new development of automation systems for the manufacture of innovative, security-oriented ID solutions. The latest personalization system “SCOPE 5400” introduced at CeBIT 2003 enables the ID card and EMV card production of small and large lot sizes. Based on a value-added chain, which is unique to the industry, the generation of additional markets as well as profitable growth are being targeted through organic growth as well as alliances and strategic acquisitions. Complete quarterly report Q1/2003 at www.muehlbauer.de. Further information at Investor Relations, Armin Polster, Tel. +49 9461 952-653, investor- relations@muehlbauer.de, Muehlbauer Holding AG & Co. KGaA. end of ad-hoc-announcement (c)DGAP 28.04.2003 ——————————————————————————– WKN: 662720; ISIN: DE0006627201; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280758 Apr 03