Mühlbauer Holding AG — Earnings Release 2002

Mar 17, 2003

News Details

Ad-hoc | 17 March 2003 08:25

Mühlbauer Holding english

Fiscal year 2002: Free cashflow improved – stable dividend policy continued Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Roding, March 17, 2003 – Muehlbauer Holding AG & Co. KGaA has completed fiscal year 2002 with an increase in sales of 2.1% up to 91.3 mill. EUR (previous year: 89.4 mill. EUR). EBIT – including de-preciation of receivables (1.5 mill. EUR) – amounted to 6.0 mill. EUR (2001: 8.5 mill. EUR), net earn-ings – incl. extraordinary gains of 0.6 mill. EUR – at 3.5 mill. EUR in 2002 (2001: 5.6 mill. EUR). Earn-ings per share were 0.20 EUR (previous year: 0.35 EUR). Personally liable shareholder and supervi-sory board propose a payout of 0.30 EUR per share to the annual general meeting on April 29, 2003. Outstanding results Muehlbauer presents in the generation of free cash-flows: Despite less income, operating cash flow amounts to 23.4 mill. EUR (2001: 15.2 mill. EUR), free cash flow from -2.2 mill. EUR in 2001 up to +20,5 mill. EUR in 2002. Continuing aggressive working capital management with reduction to 45.3 mill. EUR (2001: 59.2 mill. EUR). The balance sheets, including gross cash position of 22.8 mill. EUR (2001: 12.5 mill. EUR), provides financial stability for the realization of strategic aims, equity ratio further increased from 73.8% in 2001 to 75.9% in 2002. Sales by applications: Core area smart identification, with an increase of 6%, at record sales of 50.7 mill. EUR (2001: 47.8 mill. EUR), Semiconductor Related Products noticed sales of 22.1 mill. EUR, short of last year’s level (24.5 mill. EUR), while Board Handling noticed at 6.6 mill. EUR (2001: 7.4 mill. EUR.). Precision Parts & Systems achieved sales of 12.1 mill. EUR (2001: 10.1 mill. EUR). Regional core market Europe could further be improved with 70.2 mill. EUR. Sales in Asia with 16.8 mill. EUR (2001: 19.5 mill. EUR) and America with 4.2 mill. EUR (2001: 6.3 mill. EUR) fell due to the difficult economic situation. Incoming orders: Smart Identification at 43.7 mill. EUR (2001: 58.3 mill. EUR), Semiconductor Related Products up to 22.7 mill. EUR (2001: 21.9 mill. EUR). Board Handling at 8.3 mill. EUR (2001: 5.8 mill. EUR) and Pre-cision Parts & System at 11.2 mill. EUR (2001: 7.7 mill. EUR) with increases of 44.6% and 45.6%. Or-der backlog at the year-end 2002: 31.8 mill. EUR (2001: 48.1 mill. EUR). Complete annual report 2002 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 17.03.2003 ——————————————————————————– WKN: 662720; ISIN: DE0006627201; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 170825 Mär 03