DGAP-Adhoc: MBB SE grows in the first half-year despite COVID-19 and confirms forecast for 2020

2020. augusztus 18., kedd, 08:09





DGAP-Ad-hoc: MBB SE / Key word(s): Half Year Results/Forecast


MBB SE grows in the first half-year despite COVID-19 and confirms forecast for 2020


18-Aug-2020 / 08:09 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 grows in the first half-year despite COVID-19 and confirms forecast for 2020



Berlin, 18 August 2020 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, increased its revenues by 30.8% to €328.9 million in the first half of 2020. In the same period, adjusted EBITDA decreased to €28.7 million and reached a margin of 8.8%, which was particularly due to the lower profitability of the subsidiaries Aumann, Delignit and OBO in the Technological Applications segment. Net cash of the MBB group amounted to €215.9 million, of which €182.1 million were attributable to the holding MBB SE.



Especially Friedrich Vorwerk and DTS developed very positively in the first half-year. The two companies, which together form the Service & Infrastructure segment, grew to €171.9 million in revenues and accounted for more than half of the MBB Group"s revenues. The segment"s contribution to consolidated EBITDA was also substantial at €24.9 million. The Technological Applications segment was significantly affected by COVID-19. The segment"s revenue declined by 32.9% to €118.5 million in the first half-year of 2020, with EBITDA of €0.8 million. The Consumer Goods segment, consisting of CT Formpolster and Hanke Tissue, recorded a decline in revenues of 13.4% to €38.5 million with EBITDA of €3.6 million.



Despite the COVID-19 pandemic, MBB is able to confirm its original forecast for 2020 of more than €660 million in revenues and an adjusted EBITDA margin of 8-10%. Until today, this forecast was subject to uncertainty given the negative impact of COVID-19 on some business areas of MBB. Management now expects that the weakness of the affected areas can be compensated by the positive development of the Service & Infrastructure segment. Furthermore, MBB considers itself to be excellently positioned for new acquisitions and expects an increase in potential acquisition opportunities in the coming months.



The complete half-year report is available 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











18-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 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: 1119733





 
End of Announcement DGAP News Service




1119733  18-Aug-2020 CET/CEST







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