Unternehmensnachrichten
DGAP-News: MBB Industries AG: MBB confirms provisional figures, Earnings per Share of 46 Cents and a Turnover of 96.4m Euro in the first nine month 2009
27.11.09 | 08:56 Uhr27.11.2009
Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.
Berlin, November 27, 2009 - MBB Industries AG (ISIN DE000A0ETBQ4), a holding company specialising in medium-sized industrial companies with sustainable value growth potential, continues to be profitable despite of a decrease in turnover and confirms the reported figures for the third quarter 2009.
For the first nine months of 2009 MBBs consolidated group revenue reached EUR96m after EUR141m in the equivalent previous year's period. Revenue attained EUR21m in third quarter of 2009 compared with EUR46m in the third quarter of the previous year. It should be taken into consideration that the sale of the Reimelt-Henschel-Group and the following deconsolidation by the end of May resulted in a significant decline in turnover.
Earnings per share was 46 cents for the first nine months of 2009. The nine-months-earnings reached EUR3.0m after EUR6.7m in the first nine months of 2008. Earnings for the third quarter of 2009 were at EUR0.7m compared with EUR2.0m for the equivalent previous period. This implies earnings per share are 11 cents.
As of September 30, 2009, MBB had liquid funds of EUR36.1m and a net cash position (liquid funds less Bank liabilities) of EUR12.2m.
For the year 2009 as a whole, the management board of MBB Industries assumes a turnover of EUR120m accompanied by a lower level of earnings compared to the previous year. According to management board, MBB's favourable equity base and liquidity position give a good chance of expanding the holdings portfolio through acquisitions in the current market environment.
The quarterly report is published today on www.mbbindustries.com.
About MBB Industries AG:
Since 1995, MBB Industries AG has maintained successful holdings in the form of medium-sized industrial companies with sustainable value growth potential. The business model is based on a three-pillar structure, comprising the acquisition of interests at favourable terms, subjecting them to value enhancing holding management, and releasing them in high-yield sales. Right from the start, MBB Industries AG has achieved above-average profitability, and continues to devote its efforts to attaining unusually high yields in the future.
For further information about MBB Industries please visit http://www.mbbindustries.com
Contact: edicto GmbH Dr. Soenke Knop Zeisselstrasse 19 60318 Frankfurt Tel. 069-90550551 E-mail: mbb@edicto.de
27.11.2009 Financial News distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Deutschland
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, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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