Ad-hoc | 13 August 2002 07:59

Mühlbauer Holding english

Q2/2002 report: Significant increase in incoming orders- free cashflow boosted Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Q2/2002 report: Significant increase in incoming orders- free cashflow boosted Roding, August 13th , 2002 – Muehlbauer Holding AG & Co. KGaA (German SIN 662720) noticed a further stabilization of business activities in the second quarter. Despite the continued uncertainty in the business environment the key figures clearly mark the upward trend: The volume of incoming orders show a significant increase over the previous quarter, whereby the Semiconductor Related Products segment manifested clear signs of recovery. Due to the upturn in business activity, earnings before interest and tax (EBIT) for the second quarter rose to 0.8 million EUR (first half 2002: 1.1 million EUR). In addition earnings per share increased up to 0.03 EUR (Q1/2002: 0.02 EUR). The volume of incoming orders in the second quarter was at 22.3 million EUR even 23% above that of the previous quarter (18.1 million EUR) and only 12% short of the previous year’s high of 25.3 million EUR. Besides the consistent development of the Smart ID segment, orders in the Semiconductor Related Products segment were particularly pleasing, showing encouraging growth based on orders received worth 7.3 million EUR. At 20.7 million EUR sales remained approximately at the same level as in the previous quarter (21.1 million EUR), representing a decrease of almost 28% compared with the same period last year. At 38.7 million EUR order backlog at the end of the first half was about 27 % lower than in the previous year. Due to long-term working capital management (reduction from 59.2 million EUR at the turn of the year to 55.9 million EUR in the first quarter and 51.1 million EUR in the second quarter 2002) an impressive free cashflow totalling 9.8 million EUR was realized in the first half year (first quarter 2001: 3.5 million EUR). Also in the second quarter activities of the Muehlbauer group were mainly determined by the aspect of security and thus of the segment Smart ID. Thereby the Muehlbauer technology was able to set global standards in the area of smart labels (TAL 4000). With the admission of the Muehlbauer share to the Nemax-50 index within the scope of the free float-based re-definition of stock market criteria on 24 June 2002, Muehlbauer registered a boom in public interest. For further information the investor relations department is at your disposal: Armin Polster, Tel.:+49 (9461)-952-653, armin.polster@muehlbauer.de. end of ad-hoc-announcement (c)DGAP 13.08.2002 ——————————————————————————– WKN: 662720; ISIN: DE0006627201; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 130759 Aug 02