MBB Industries AG: MBB Industries AG: Earnings climb 135% in first quarter of 2012 to EUR3.2m (49 cents per share)

MBB Industries AG  / Key word(s): Interim Report/Interim Report

15.05.2012 18:50

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MBB Industries AG: Earnings climb 135% in first quarter of 2012 to EUR3.2m
(49 cents per share)

  - Revenues improve by 14% to EUR31.4 million

  - Consolidated earnings rise by 135% year-on-year to EUR3.2 million

  - Income from first-time consolidation of EUR1.7 million

  - Cash and cash equivalents reach new record high of EUR47.8 million

  - Continuing good business performance in second quarter

Berlin, 15 May 2012 - MBB Industries AG (ISIN DE000A0ETBQ4), a
family-owned, medium-sized corporation, has had a successful start to the
2012 financial year. Consolidated earnings improved by 135% to EUR3.2
million in the first quarter of 2012 after EUR1.4 million one year
previously. This corresponds to earnings per share of 49 cents, with all
equity interests contributing to this positive result.

As against the same quarter of the previous year, revenues rose by 13.5%
from EUR27.7 million to EUR31.4 million in the first three months of 2012.
The first quarter did not include contributions to sales from CLAAS
Fertigungstechnik GmbH, which was included in consolidation for the first
time as at 31 March 2012 and will operate as MBB Fertigungstechnik GmbH
moving forward. EBITDA rose by 73.5% from EUR2.7 million to EUR4.7 million;
the EBITDA margin improved from 9.7% to 15.1%. Earnings also include the
bargain purchase of CLAAS Fertigungstechnik GmbH of EUR1.7 million.

Equity amounted to EUR50.0 million as at the end of the reporting period;
the equity ratio dropped to 33% as a result of the first-time consolidation
of CLAAS Fertigungstechnik GmbH and the associated lengthening of the
balance sheet. Cash and cash equivalents including securities and physical
gold holdings amounted to EUR47.8 million as at 31 March 2012; net cash
(the above cash and cash equivalents less interest-bearing liabilities)
improved to EUR24.6 million, marking new records for both figures.

As at 31 March 2012, the Group parent company had cash and cash equivalents
of EUR14.8 million. After the deduction of the dividend to be proposed at
the Annual General Meeting on 18 June 2012 of 44 cents per share, amounting
to EUR2.8 million in total, this sum has been earmarked for the further
growth of the MBB Group through acquisitions.

The Managing Board believes that the healthy sales and earnings performance
of MBB in the first quarter of 2012 will continue in the second. In
addition, CLAAS Fertigungstechnik GmbH will also contribute to sales for
the first time in the second quarter. For 2012 as a whole, the Managing
Board expects to exceed EUR200 million in sales for the first time and
anticipates an at least proportional increase in earnings by the MBB Group
as against the previous year.

The complete financial report on the first three months of 2012 will be
available for download on the company's website www.mbbindustries.com from
31 May 2012.

About MBB Industries AG:

MBB Industries AG is a family-owned, medium-sized corporation that has
expanded steadily as a result of organic growth and the acquisition of
other companies since it was founded in 1995. Achieving a long-term
increase in the value of the individual companies and the Group as a whole
forms the heart of its business model. This business model has been highly
profitable since the outset - substantial growth and sustainable returns
will remain MBB Industries AG's goal in future as well.

Further information on MBB Industries AG can be found on the Internet at

http://www.mbbindustries.com

--

MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
anfrage@mbbindustries.com
www.mbbindustries.com

Managing Board with power of representation
Dr. Christof Nesemeier (Chairman), Gert-Maria Freimuth

Supervisory Board
Dr. Peter Niggemann (Chairman), Dr. Jan C. Heitmüller, Dr. Matthias
Rumpelhardt

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470


15.05.2012 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
              Germany
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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