Ad-hoc | 18 May 2011 08:41
MBB Industries AG / Key word(s): Quarter Results/Interim Report
18.05.2011 08:41
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* Revenues from continued operations rises by 9 % to EUR27.7m
* Consolidated earnings rises compared with previous year first quarter by
61 % to EUR1.4m
* Net Cash on all time high of EUR15.6m
* Continuing positive business results in the 2nd Quarter
Berlin, May 18, 2011 - MBB Industries AG (ISIN DE000A0ETBQ4), a medium
sized holding company, achieved revenues from continuing operations of
EUR27.7m and consolidated earnings per share of 21 cent in the first
quarter. The presentation of continuing operations take into account the
sale of its investment Huchtemeier and the increase of the economic
interest in Hanke to 97 %.
Revenues rose in the first three months of 2011 by 9 % from EUR25.3 to
EUR27.7m compared with the previous year first quarter. EBITDA rose by 51 %
from EUR1.8m to EUR2.7m, while EBITDA-margin rose from 7 % to 10 %.
Consolidated earnings rose from EUR0.8m in the first quarter of 2010 to
EUR1.4m, an increase of 61 %, meaning 21 cent earnings per share. All five
investment companies contributed positive to this result.
Equity amounts to EUR47.3m at the balance sheet date which implies an
equity ratio of 52 %. As of March 31, 2011 liquid funds (including
securities and gold stocks) amount to EUR32.9m. Net cash (aforementioned
liquid funds less liabilities to banks) reaches with EUR15.6m an all time
high. As of March 31, 2011 the parent company of the group disposes of
liquid funds of EUR27.8m, which are slated - after deduction of the
proposed dividend at the annual meeting on July 7, 2011 of 33 cent per
share (EUR2.2m) - for the acquisition of new investment companies.
The positive development of earnings, substance and liquidity of MBB in the
first quarter of 2011 will continue in the second quarter according to the
management board. In addition, it is expected by the company that during
the business year its M&A activities will be an advantage for the
development of MBB.
The complete quarterly financial report for the first three months of 2011
will be available for download on May 31, 2011 on the homepage of the
company at www.mbbindustries.com.
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 AG, please visit
www.mbbindustries.com.
18.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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