|
EQS-News: Muehlhan AG
/ Key word(s): Quarter Results
PRESS RELEASE
Muehlhan AG publishes its results for the first quarter of 2023
Hamburg, April 28, 2023—Muehlhan AG (Open Market; ISIN DE000A0KD0F7; WKN A0KD0F) generated revenues of €3.0 million in the first three months of the 2023 financial year; of this amount €1.9 million was generated in Russia and €0.9 million in the Middle East. EBIT was negative at €-0.8 million. While EBIT generated in Russia is positive, EBIT generated in the Middle East is negative due to the start-up costs in connection with ramping up business activity there. The holding company’s EBIT is also negative as a result of the expenses in connection with the restructuring of the remaining Group and the elimination of income from management services to the sold companies. The consolidated income attributable to shareholders of Muehlhan AG also amounts to €-0.7 million. Cash flow from operating activities stood at €0.5 million, but also included one-off effects associated with the holding company. The operating company’s cash flow from operating activities amounted to €-1.4 million and is attributable in equal measure to Russia and the Middle East. The Executive Board and Supervisory Board still anticipate revenues of €15 million to €20 million and EBIT break-even for 2023. Cash flow from operating activities is expected to break even. We must bear in mind that the war in Ukraine may have an adverse effect, particularly on the activities of Muehlhan’s Russian company. The company’s key performance indicators are shown in the following table:
About Muehlhan: Muehlhan AG is a listed corporation traded on the Open Market of Frankfurt Stock Exchange (ISIN: DE000A0KD0F7 / WKN A0KD0F). The Muehlhan Group offers its customers a broad spectrum of industrial services: wind turbine services, surface protection, steel services, passive fire protection, scaffolding and insulation works. Muehlhan combines strong organizational skills and technical expertise, 140 years of experience and rigorous quality standards into cost effective industrial service offerings that satisfy the highest quality demands of its customers.
You can find additional information at www.muehlhan-ag.com
Contact: Muehlhan AG; phone: +49 40 75271-0; e-mail: investorrelations@muehlhan.com
28.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Muehlhan AG |
| Schlinckstrasse 3 | |
| 21107 Hamburg | |
| Germany | |
| Phone: | +49 40 75271 0 |
| Fax: | +49 40 75271 130 |
| E-mail: | investorrelations@muehlhan.com |
| Internet: | www.muehlhan.com |
| ISIN: | DE000A0KD0F7 |
| WKN: | A0KD0F |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1619029 |
| End of News | EQS News Service |
|
|
1619029 28.04.2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
