03.03.2020 MBB SE  DE000A0ETBQ4

DGAP-Adhoc: MBB SE significantly exceeds forecast in 2019 with revenues of €592 million and adjusted EBITDA of €68 million, and is expecting further revenue growth in 2020


 

DGAP-Ad-hoc: MBB SE / Key word(s): Preliminary Results/Forecast
MBB SE significantly exceeds forecast in 2019 with revenues of €592 million and adjusted EBITDA of €68 million, and is expecting further revenue growth in 2020

03-March-2020 / 08:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of inside information acc. to Article 17 MAR

MBB SE significantly exceeds forecast in 2019 with revenues of €592 million and adjusted EBITDA of €68 million, and is expecting further revenue growth in 2020

Berlin, 3 March 2020 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, grew its revenues by 16.9% to €592.1 million, according to preliminary figures. Adjusted EBITDA grew even faster than revenues at 24.1% and reached €67.7 million, corresponding to an EBITDA margin of 11.4%. Particularly notable is the high net liquidity that was €249.8 million at the end of 2019 despite the share buyback and several company acquisitions. Of this amount, €184.5 million was attributable to the holding company MBB SE.

In 2019, MBB acquired for the first time three companies in one year. With the acquisition of a majority shareholding in the Friedrich Vorwerk Group, MBB succeeded in entering the field of pipeline and plant construction for gas and electricity networks. The acquisition of Bohlen & Doyen at the end of 2019 further strengthened this business area, which contributed combined revenues of more than €95 million and a double-digit EBITDA margin since its first consolidation.

The IT security company DTS was able to increase its revenue to over €65 million in 2019, corresponding to a growth rate of 26%. At the same time, the company's EBITDA margin continued to rise. Delignit and CT Formpolster also grew last year, while Hanke and OBO achieved revenues comparable to the previous year. Revenues were down at Aumann AG, which had a significantly lower order intake due to the reluctance to invest in the automotive industry.

For 2020, MBB expects its latest acquisitions Friedrich Vorwerk and Bohlen & Doyen to make further growing contributions to consolidated revenues and earnings. However, due to the slowdown in the automotive industry as well as economic risks, the expectations for Aumann AG's revenue and earning contributions for 2020 have decreased significantly. In total, MBB's management expects revenues of more than €660 million for the current financial year and an adjusted EBITDA margin of 8-10%. A possible worsening of the corona virus epidemic is not reflected in these numbers. With total liquidity of €340 million at the end of 2019, MBB continues to see good conditions for further company acquisitions.

The Annual Report 2019 will be published on 9 April 2020 at www.mbb.com.

MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@MBB.com
www.MBB.com

Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel

Chairman of the Board
Gert-Maria Freimuth

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458


03-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: anfrage@mbb.com
Internet: www.mbb.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 988045

 
End of Announcement DGAP News Service

988045  03-March-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 228,20 236,70 252,80 332,17 403,08 506,59 592,06 664,00
EBITDA1,2 22,73 22,04 24,84 30,36 30,14 53,99 80,97 60,00
EBITDA-Marge3 9,96 9,31 9,83 9,14 7,48 10,66 13,68 9,04
EBIT1,4 17,54 15,94 18,03 33,34 19,71 38,62 54,39 22,50
EBIT-Marge5 7,69 6,73 7,13 10,04 4,89 7,62 9,19 3,39
Jahresüberschuss1 13,47 13,77 12,43 15,78 10,24 27,25 34,60 9,80
Netto-Marge6 5,90 5,82 4,92 4,75 2,54 5,38 5,84 1,48
Cashflow1,7 12,33 14,57 21,84 32,16 3,85 24,03 69,23 21,00
Ergebnis je Aktie8 2,09 2,01 1,79 2,16 0,71 2,34 4,44 1,65
Dividende8 0,55 0,57 0,59 1,22 1,32 0,69 0,70 0,70
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: RSM

INVESTOR-INFORMATIONEN
©boersengefluester.de
MBB
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0ETBQ 69,600 Kaufen 413,48
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,33 19,47 0,982 33,37
KBV KCV KUV EV/EBITDA
1,22 5,97 0,70 2,874
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,70 0,70 1,01 24.08.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
22.05.2020 18.08.2020 13.11.2020 09.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,41% 6,34% -2,11% 15,23%
    
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