06.02.2017
MBB SE DE000A0ETBQ4
DGAP-Adhoc: MBB SE significantly exceeds revenue and earnings forecast primarily due to Aumann Group
DGAP-Ad-hoc: MBB SE / Key word(s): Preliminary Results/Preliminary Results
MBB SE significantly exceeds revenue and earnings forecast primarily due to
Aumann Group
06-Feb-2017 / 16:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Disclosure of an inside information acc. to Article 17 MAR
MBB SE significantly exceeds revenue and earnings forecast primarily due to
Aumann Group
- Record revenue of EUR332 million in 2016 and eps of EUR2,16 above
forecast
- Group liquidity increases to EUR78 million, net cash to EUR23 million
- Aumann Group with EUR156 million revenue in 2016, 12.4% EBIT-margin and
order intake of EUR190 million
Berlin, 06 February 2017 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized
family business, generated record revenue of EUR332.2 million (prior year
EUR252.8 million) in 2016 (based on provisional figures) and thus grows by
31.4%. EBITDA has reached a new all-time high with EUR30.2 million (prior
year EUR24.8 million) as well and EBITDA margin amounts to 9.1%.
Consolidated earnings amount to EUR14.3 million (prior year EUR11.8
million) leading to earnings per share of EUR2.16 (prior year EUR1.79).
Revenue and earnings exceed management's forecast of revenue of EUR310
million and earnings per share of EUR2.10.
In 2013, 2014 and 2015 MBB has introduced a long-term bonus scheme for
management and employees which is linked to the share price development and
may lead to cash outflows in the years 2018 to 2020. Due to the strong
increase in the share price of MBB, we have set up a corresponding
provision in the fourth quarter, which has a net effect on earnings of
EUR3.1 million. Without this extraordinary effect, EBITDA would amount to
EUR34.6 million (EBITDA-margin of 10.4%), consolidated earnings to EUR17.3
million and earnings per share to EUR2.63.
Group liquidity increased significantly to EUR77.5 million (EUR54.0 million
at the end of 2015) and net cash increases to EUR22.6 million (EUR8.1
million at the end of 2015) despite an again increased dividend payment of
EUR3.9 million or EUR0.59 per share in July 2016. Therefore, MBB possess
significant funds for investments in existing MBB subsidiaries or the
acquisition of new medium-sized companies.
A significant impact on the positive development of MBB has Aumann Group, a
93.5% subsidiary of MBB. In 2016, Aumann Group has grown by 67.0% to
revenue of EUR156.0 million compared to EUR93.4 million in 2015. Compared
to as-if revenue, assuming that the companies acquired in November 2015
would have been part of the Group for the full year (EUR121.7 million), the
organic growth of Aumann Group amounts to 28.2%. Aumann Group generated an
EBIT adjusted for MBB management fees of EUR19.3 million (prior year as if
EUR12.4 million) and an adjusted EBIT-margin of 12.4% (prior year as-if
10.2%). The accelerating E-mobility segment already accounts for 27.2% of
revenue of Aumann Group and shows an EBIT-margin of 17.1%. The strongly
increased order intake of EUR190.1 million (prior year EUR141.2 million)
lays the foundation for further growth of Aumann Group in 2017. A current
company presentation of Aumann Group is published at www.mbb.com.
Due to the positive development of Aumann Group and all other MBB
subsidiaries and assuming stable economic conditions, the management of MBB
forecasts significant growth in 2017. The final financials for 2016 and a
forecast for 2017 will be published in April, our financial statements 2016
on 30 April 2016 at www.mbb.com.
About MBB SE:
MBB SE is a medium-sized family business that has expanded steadily since
it was founded in 1995 through organic growth and the acquisition of
companies. Increasing long-term value of the independent subsidiaries and
the Group as a whole is the heart of its business model which has been
highly profitable from the outset. Substantial growth and sustainable
returns will remain MBB SE's goal in future as well.
Further information on MBB SE can be found at www.mbb.com.
--
MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
[email protected]
www.mbb.com
Listed: Regulated Market in Frankfurt (Prime Standard)
Executive Management
Dr Christof Nesemeier (CEO)
Anton Breitkopf
Dr Gerrit Karalus
Klaus Seidel
Chairman of the Board
Gert-Maria Freimuth
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
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06-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: MBB SE
Joachimsthaler 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.mbb.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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542141 06-Feb-2017 CET/CEST
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