Corporate | 20 June 2008 08:00
MBB Industries AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
Berlin, June 20, 2008 – Shares in MBB Industries AG (ISIN DE000A0ETBQ4), a
holding company specialising in medium-sized industrial companies with
sustained value growth potential, today began trading in the regulated
market, the Prime Standard segment of the Frankfurt Stock Exchange. The
change of segment means that the company is now subject to more stringent
transparency and reporting obligations. MBB Industries expects the move to
make shares in the company more attractive to international investors. The
change to the Prime Standard is also a clear indication of the company's
successful development since it began trading in the Entry Segment on May
9, 2006.
MBB Industries has been on a profitable growth course for a number of
years. Turnover rose last year by 81 percent to €113.6m, while annual net
profit improved by 220 percent, taking it to €13.6m. The company remained
on this expansion course in the first quarter, reaching a turnover level of
€44.8m with an net profit of €1.2m. For the year 2008 as a whole, the
target turnover level is more than €180m, a plus of 60 percent. Earnings
per share would then be €1.65. The target figures for 2008 do not include
sales of holdings or company takeovers. As of the end of March 2008, MBB
Industries had cash holdings of €22.2m, sufficient to perform several
company acquisitions with a similar magnitude to its previous purchases.
About MBB Industries AG:
Since 1995, MBB Industries AG has maintained successful holdings in the
form of medium-sized industrial companies with sustainable value growth
potential. Our business model is based on a three-pillar structure,
comprising the acquisition of interests at favourable terms, subjecting
them to value-enhancing holding management, and releasing them in
high-yield sales. Right from the start, MBB Industries AG has achieved
above-average profitability, and continues to devote its efforts to
attaining unusually high yields in the future. For the year 2007, MBB
Industries achieved a group revenue of €113.6m, with a workforce of around
1,800. Group revenue for the year 2008 is set to exceed €180m.
Contact:
edicto GmbH
Dr. Sönke Knop/ Axel Mühlhaus
Zeißelstraße 19
60318 Frankfurt
Tel. +49-69-90550551
eMail: mbb@edicto.de
20.06.2008 Financial News transmitted by DGAP
----------------------------------------------------------------------
Language: English
Issuer: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Deutschland
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: christof.nesemeier@mbbindustries.com
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
---------------------------------------------------------------------------