MBH Corporation Plc achieves very strong revenue and EBIT growth in H1 2021
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
MBH achieves very strong revenue and EBIT growth in H1 2021
London, 30 September 2021 - MBH Corporation PLC ("MBH"), a diversified investment holding company, released its results for the half year ended 30 June 2021.
Although various pandemic related lockdowns and restrictions are still in place for the Group's Antipodean and Asian companies, MBH achieved revenue growth of 81% to ?49.6 million (1H 2020: ?27.4million) and a net profit after tax of ?1.9 million. Earnings before interest and taxes ("EBIT") increased by 271% to ?3.0 million (1H 2020: ?0.8 million). The financial figures include the results of four companies acquired in 1H 2021, 3k Engineering, Boulder Sausage, 4X Taxis and Intercity Taxis.
The balance sheet of the Group remains strong with a net asset position of ?62.7 million as of 30 June 2021. By comparison, as of 31 December 2020 the net asset position was ?59.8 million. The net cash position (which includes bank overdrafts) for the first 6 months of 2021 was ?6.3 million, an increase of ?0.5 million from 31 December 2020. Cash generated from operating activities for 1H2021 was ?3.8 million. The total number of shares outstanding as at 30 June 2021 was 73,681,548.
The complete 2021 half-year report is available on the Group's website at www.mbhcorporation.com/financial-half-year-report-2021
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MBH Corporation plc (M8H:GR) is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges and the OTCQX in New York (MBHCF). The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.
Information and Explanation of the Issuer to this News:
Callum Laing, CEO, MBH Corporation PLC: 'We are pleased to deliver this strong half-year report and solid growth in both revenue and EBIT. Although various pandemic related lockdowns and restrictions are still in place for the Group's Antipodean and Asian companies, it is worth noting that more than 60% of the revenue and 90% of the EBIT of the Group occurred from April onwards. A telling example of the power of the Group to generate revenue and profits as we slowly emerge from the global pandemic situation.'
30-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: MBH Corporation Plc Studio 7-9, Royal Patriotic Victoria Building, Joh SW18 3SX London
United Kingdom E-mail: firstname.lastname@example.org Internet: https://www.mbhcorporation.com/ ISIN: GB00BF1GH114 WKN: A2JDGJ Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt EQS News ID: 1237013 ? End of Announcement DGAP News Service