MBB SE grows in the first half-year despite COVID-19 and confirms forecast for 2020
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DGAP-Ad-hoc: MBB SE / Key word(s): Half Year Results/Forecast 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 Executive Management Chairman of the Board Court of Registration
18-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
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1119733 18-Aug-2020 CET/CEST
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