MBB Industries AG: Earnings rise to EUR1.41 per share after first nine months of 2012
- Earnings improve by 272% to EUR9.1 million
- Revenue growth of 90% to EUR151 million
- Outlook remains positive
MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation, has again enjoyed a dynamic business performance in the third quarter of 2012 and has significantly increased revenues and posted a strong improvement in earnings, according to provisional figures. Consolidated earnings improved by 272% to EUR9.1 million in the first nine months of 2012 after EUR2.5 million in the same period of the previous year. EBITDA rose by 190% to EUR17.3 million after EUR6.0 million in the first three quarters of 2011. EBIT increased by 348% as against the previous year's figure of EUR3.0 million to EUR13.6 million.
Earnings per share after the first nine months therefore amounted to EUR1.41 after EUR0.37 previously. The highly positive business performance was driven by all holdings, and MBB Fertigungstechnik, which was acquired at the end of the first quarter of 2012, has been included in these figures pro rata. MBB Industries is assuming that its positive business performance will continue for 2012 as a whole and is still forecasting sales of more than EUR200 million.
Consolidated earnings amounted to EUR3.4 million in the third quarter of 2012, up 1,999% as against the same quarter of the previous year. EBITDA increased by 319% to EUR6.5 million while EBIT rose by 1,236% to EUR5.2 million. Earnings per share amounted to EUR0.52 for the third quarter of 2012.
The positive development in business resulted in a further increase in net cash and cash equivalents to EUR28.3 million as at the end of September 2012. This growth over 2012 was achieved in spite of the acquisition of MBB Fertigungstechnik and the dividend payment of around EUR2.8 million, corresponding to EUR0.44 per share. With its cash and cash equivalents of EUR51.5 million as at the end of September 2012, MBB Industries is also able to continue its expansion through acquisitions in addition to its internal business growth.
The full quarterly report will be available for download under Investor Relations at www.mbb.com from 30 November 2012.
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.mbb.com