MBB Industries AG proposes dividend increase to 55 cents per share
Provisional figures for 2013 confirmed
Based on audited and final data, consolidated revenue 2013 increased by 11.4% to EUR228.2 million from EUR204.9 million in the previous year. Consolidated earnings in 2013 amounted to EUR13.5 million or EUR2.09 per share. Because of the first-time application of the amended IAS 19 previous years' earnings have been adjusted from EUR13.4 million to EUR13.6 million or EUR2.11 per share. Due to the good earnings situation MBB Industries AG capital resources further improved despite the dividend payment of more than EUR3 million in the financial year 2013. Equity rose from EUR57.4 million as at the end of 2012 to EUR67.8 million as at the end of 2013. The Group's liquidity climbed to EUR54.9 million after EUR45.2 million in the previous year. Thus, MBB Industries has sufficient liquidity to press ahead with both organic growth of the Group and acquisitions. MBB Industries expects to continue its profitable growth course in 2014 with sales of more than EUR250 million.
The 2013 annual report of MBB Industries AG with the final figures will be published and available for download at www.mbb.com on 30 April 2014.
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 lies at 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.