Corporate | 6 May 2016 10:02
Muehlhan AG: First quarter results of 2016 (news with additional features)
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DGAP-News: Muehlhan AG / Key word(s): Quarter Results
PRESS RELEASE Muehlhan AG publishes results for first quarter of 2016 – Business development in the context of forecasts – Sales total EUR59.3 million, with EBIT of EUR1.1 million. Hamburg (Germany), 6 th May 2016 – Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) achieved sales revenues amounting to EUR59.3 million (previous year: EUR55.3 million) between January and March 2016, with earnings before interest and taxes (EBIT) of EUR1.1 million (previous year: EUR -0.1 million). Earnings after taxes were EUR0.5 million (previous year: EUR -0.3 million). The results for a usually rather weak first quarter therefore exceeded expectations. These quarterly results were affected by the closure process of the activities in Singapore. Sales revenues there came to EUR0.5 million, with EBIT and after-tax earnings of EUR0.2 million; the latter influenced by the disposal of assets in the course of closure. In geographical terms, Europe has suffered a 4% decline in sales from EUR45.7 million to EUR43.9 million. Sales in America increased from EUR4 million to EUR5.7 million. The Middle East benefited from the growing demand for passive fire protection, and was able to more than double sales from EUR2.5 million to EUR5.8 million. Business in the Rest of world likewise saw positive developments, with a growth in sales revenues from EUR3.1 million to EUR3.9 million. A breakdown by business field reveals a reduction of revenues in the Ship segment to EUR17 million (previous year: EUR25.4 million) as a consequence of the completion of large projects. The remaining business segments were able to increase their sales. In the area of Oil & Gas , the group achieved sales of EUR17.3 million, which significantly exceeded the previous year’s EUR12 million. The Renewables segment managed to double its sales to EUR7.7 million. Industry/Infrastructure activities likewise saw increased sales in the first quarter of 2016, achieving a figure of EUR17.3 million (previous year: EUR14.1 million).
Consistent sales and EBIT of between EUR5 million and EUR7 million are still expected for the year 2016.
About Muehlhan:
Worldwide, the Muehlhan Group is a reliable partner in industrial services and high-quality surface protection. As one of the few full-service providers, we offer our customers a broad range of services designed to meet the exacting quality standards expected in professional industrial services. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors and our more than 130 years of experience.
For more information, visit
www.muehlhan.com.
+++++ Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=NMLJCMYGFD Document title: Muehlhan AG publishes results for first quarter of 2016
2016-05-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | Muehlhan AG | |
| Schlinckstrasse 3 | ||
| 21107 Hamburg | ||
| Germany | ||
| Phone: | +49 40 75271 0 | |
| Fax: | +49 40 75271 130 | |
| E-mail: | investorrelations@muehlhan.com | |
| Internet: | www.muehlhan.com | |
| ISIN: | DE000A0KD0F7 | |
| WKN: | A0KD0F | |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
| End of News | DGAP News Service |