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MBB SE grows revenues to EUR 407.8 million and ...

DGAP-News: MBB SE / Key word(s): Quarterly / Interim Statement/9 Month figures
MBB SE grows revenues to EUR 407.8 million and EBITDA to EUR 40.4 million in the first nine months
22.11.2019 / 08:23
The issuer is solely responsible for the content of this announcement.

MBB SE grows revenues to EUR 407.8 million and EBITDA to EUR 40.4 million in the first nine months

Berlin, 22 November 2019 - MBB SE (ISIN DE000A0ETBQ4), a mid-sized family-owned company, achieved revenue growth of 9.4% to EUR407.8 million in the first nine months of 2019 as well as a slight increase in adjusted EBITDA to EUR40.4 million. EBITDA before adjustments was significantly higher at EUR 51.7 million, due in particular to adjusted income from business combinations. As of 30 September 2019, the net liquidity of the MBB Group amounted to EUR 252.1 million even after successful acquisitions as well as a share buyback. Thereof EUR 182.3 million was attributable to the holding company MBB SE.

In July 2019, MBB succeeded in making Friedrich Vorwerk the second of three acquisitions in the current financial year. Friedrich Vorwerk, a leading supplier of pipeline, cable and plant construction for gas and electricity grids, contributed to sales and earnings of the MBB Group since 1 August 2019. Together with DTS, Friedrich Vorwerk forms the new Service & Infrastructure segment. In the first nine months, DTS made a significant contribution to the success of this segment with revenue growth of 17.3%.

The Technical Applications segment, in which Aumann and Delignit are combined, recorded an overall decline in revenues of 3.1% despite Delignit's growth in the high single-digit percentage range. The challenging market environment in the automotive sector led to a 5.3 % decline in revenues at Aumann in the first nine months. The increased cost sensitivity of automotive manufacturers continues to burden profit margins in this segment. Even though Aumann's order intake of EUR 145.6 million after nine months is weak overall, a new milestone order was recently won in the e-mobility segment.

Only three months after completing the acquisition of Friedrich Vorwerk, MBB was able to announce the first acquisition for the new company on 1 November 2019. Bohlen & Doyen is another leading provider of pipelines and underground cable construction with special expertise in environmentally friendly horizontal drilling. Together with Bohlen & Doyen, Friedrich Vorwerk is expected to generate annualised revenues of more than EUR 200 million and is ideally positioned to participate in the billions of investment required in the German gas and electricity grids. The transaction is subject to the approval of the German Federal Cartel Office.

MBB expects revenues of EUR 530 million and an EBITDA margin of 9 to 11 % for the current financial year. Following the successful acquisitions of recent months, MBB now already generates annualised revenues of around EUR 660 million.

Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333

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

22.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 919487

End of News DGAP News Service

919487  22.11.2019 

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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