Corporate | 30 April 2010 13:48
MBB Industries AG / Final Results/Miscellaneous
30.04.2010 13:48
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin, April 30, 2010 - MBB Industries AG (ISIN DE000A0ETBQ4) publishes
its annual report for 2009 today; it is now available to download from the
company's website, in English and German. MBB group earnings for last year
were EUR116.6m while earnings per share for 2009 were at 54 cents.
In their Initial Coverage of April 27, 2010, analysts at Close Brothers
Seydler Research have categorised MBB Industries shares as 'buy' stock,
with a target price of 12 euros. Moreover, they see great potential for
further growth, placing particular emphasis on the company's excellent
financial situation and positive track record - the group holding company,
MBB Industries AG, held net cash reserves of EUR28.4m on 31.12.2009.
In an interview with the Börsenradio Network on April 21, 2010, Chairman of
the Managing Board, Dr. Christof Nesemeier, was understandably upbeat: 'MBB
had one of its best years ever in 2009. [.] Our portfolio successfully saw
us through the financial crisis.' The interview can be heard in German on
the MBB homepage at www.mbbindustries.com. 'We do wish to make new
purchases', continued Dr. Nesemeier, 'however we prefer no deal over a bad
deal!'.
At the annual meeting to be held on June 30, 2010, the Managing Board and
Board of Directors are to propose a dividend of 50 cents per share. On the
one hand, this dividend is intended as an expression of the constancy of
the company's dividend policy until now, with 25 cents per share in
previous years, while it also allows shareholders to benefit from the
successful sale of the Reimelt Henschel group, in the form of a one-off
increase in the dividend by 25 cents. Finally, the Managing Board is
forecasting earnings of EUR120m in 2010 for its existing holdings
portfolio, with correspondingly higher profits compared with the previous
year.
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. The 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 further information about MBB Industries, please visit
http://www.mbbindustries.com
30.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 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: anfrage@mbbindustries.com
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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