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MBB Industries AG posts revenue and earnings growth after first nine months of 2013
- Revenue grows 14.4% to EUR172.8 million
- Consolidated net profit up 4.2% to EUR9.5 million
MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized group focusing on technology and engineering services, has increased its revenue and earnings in the first nine months of 2013. After the first three quarters of 2013, revenue was up 14.4% to EUR172.8 million after EUR151.0 million in the same period of the previous year. Consolidated earnings improved by 4.2% to EUR9.5 million after previously EUR9.1 million. Per share, MBB Industries AG therefore earned EUR1.47 in the reporting period after EUR1.41 in the previous year. The good performance is also reflected in the statement of financial position.
As at 30 September 2013, the equity of MBB Industries AG amounted to EUR63.2 million after EUR57.4 million as at the end of 2012. At the same time, cash and cash equivalents improved from EUR45.2 million at the end of 2012 to EUR52.6 million despite record capital expenditure in the 2013 financial year as a whole and the payment of a dividend of more than EUR3 million. MBB Fertigungstechnik, which was acquired in the previous year, has been included in figures since the second quarter of 2012.
In the third quarter of 2013, MBB generated revenue of EUR58.5 million compared to EUR61.2 million in the previous year and earnings of EUR3.2 million after EUR3.4 million in 2012. MBB anticipates that business performance will remain positive throughout the entire Group in the remaining months of 2013 and the 2014 financial year. Moreover, MBB is forecasting revenue and earnings contributions in 2014 from the record capital expenditure of around EUR20 million in existing holdings currently being implemented. These include, for example, the construction of a new paper machine at the Hanke Tissue holding, the expansion of MBB Technologies Ltd. (China) as a subsidiary of MBB Fertigungstechnik GmbH and preparations for the start-up of further series supply of van flooring for a renowned manufacturer of light commercial vehicles at the Delignit holding.
MBB Industries AG's sound liquidity resources allow not just the expansion of capacity at existing equity investments, but also the acquisition of further companies.
The quarterly report will be published on 29 November 2013 and will be available for download at www.mbb.com.
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