MBB Industries AG confirms provisional figures for 2011
Proposal for dividend increase to 44 cents per share
The Group's liquidity amounted to EUR30.3 million as at 31 December 2011 with net cash holdings of EUR13.7 million.
Thanks to the positive business performance, an increased dividend of 44 cents per share is set to be proposed to the Annual General Meeting on 18 June 2012 after 33 cents per share in the previous year. This rise reflects the good financial situation at MBB Industries, which performed the biggest takeover in the company's history with its buyout of CLAAS Fertigungstechnik at the start of March.
The company is also reporting year-on-year growth in revenue and earnings from its current portfolio for the first quarter of 2012. Taking into account the acquisition of CLAAS Fertigungstechnik and its intended organic growth, MBB Industries is forecasting a rise in sales to over EUR200 million in 2012.
In addition, the Supervisory Board resolved to extend the Managing Board contracts of Dr. Christof Nesemeier and Gert-Maria Freimuth to 30 June 2015.
The 2011 annual report will be available for download at www.mbbindustries.com on 27 April 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.mbbindustries.com