14.05.2014
MBB Industries AG DE000A0ETBQ4
DGAP-Adhoc: MBB Industries AG generates revenues and profits at previous year's level in the first quarter 2014; MBB Industries AG to be converted into MBB SE
MBB Industries AG / Key word(s): Quarter Results
14.05.2014 17:50
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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MBB Industries AG generates revenues and profits at previous year's level
in the first quarter 2014; MBB Industries AG to be converted into MBB SE
Berlin, 14 May 2014 - MBB Industries AG (ISIN DE000A0ETBQ4), a
family-owned, medium-sized corporation, generated revenue and profits in
the first quarter of 2014 at previous year's record level according to
preleminary figures. In the reporting period revenue amounted to EUR55.6
million after EUR55.5 million in the first quarter 2013. Consolidated
earnings amounted to EUR3.2 million in the first quarter 2014 compared to
EUR 3.3 million previously. Earnings per share were EUR0.50 after EUR0.51
in the first quarter 2013. Equity increased close to EUR75 million for the
first time due to the profits and the sale of treasury shares, as proceeds
from the sale of treasury shares were directly recognized in equity. The
equity ratio improved to 41% compared to 38% as at the end of 2013. Cash
and cash equivalents increased to EUR57.6 million after EUR54.9 million
reported in the preceding quarter. Net Cash remained unchanged at EUR23.8
million. For the financial year 2014 management continues to expect revenue
of EUR250 million and earnings at previous year's level. During the year
positive effects are expected from the newly operating paper machine at
Hanke as well as the Chinese location of MBB Technologies (China) Ltd.
established in 2013. Additional contributions to revenue and earnings will
be generated by the acquisitions of DHK automotive and HTZ Holztrocknung
made by MBB subsidiary Delignit and the tooling activities of Huntsman
Advanced Materials taken over by OBO.
Management and Supervisory Board will submit a proposal to the Annual
General Meeting to change MBB Industries AG into a European company
(Societas Europaea, SE) with a monistic management structure and to change
the company name to MBB SE. All relevant documents will be available on our
newly designed homepage on the day of invitation to the Annual General
Meeting on 21 May 2014 under www.mbb.com.
The quarterly financial report for the first three months of 2014 will be
available for download on 30 May 2014 at www.mbb.com.
About MBB Industries AG:
Die 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 from 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.mbb.com
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MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
[email protected]
www.mbb.com
Managing Board
Dr. Christof Nesemeier
Supervisory Board
Gert-Maria Freimuth (Chairman), Dr. Peter Niggemann, Dr. Matthias
Rumpelhardt
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470
14.05.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: [email protected]
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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