DGAP-News: Muehlhan AG
/ Key word(s): 9 Month figures
PRESS RELEASE Muehlhan AG publishes results for first nine months of 2021 - Business running more like normal - Revenues of €225.3 million, EBIT of €8.2 million - Revenue and EBIT forecast for 2021 still dependent on pandemic plus deconsolidation result Hamburg, October 29, 2021-Muehlhan AG (Open Market; ISIN DE000A0KD0F7) recorded a broad return to normality for the remainder of the year up to the end of September 2021 following a weak first quarter as a result of the pandemic. Revenues from January through September 2021 rose by €28.8 million year-over-year to €225.3 million. EBIT recovered and came to €8.2 million following €2.0 million the previous year. The EBIT margin improved accordingly from 1.0% to 3.6%, but did not quite attain the level seen before the pandemic. The consolidated income attributable to the investors of Muehlhan AG after the first nine months increased by €4.1 million to €3.6 million. Cash flow from operating activities amounted to €30.9 million. This was positively impacted by the receipt of a payment relating to the sale of Gerüstbau Muehlhan GmbH. Without this payment, cash flow would have been significantly lower than the previous year's figure of €12.5 million. The Ship business segment saw a decline in the reporting period. Revenues fell from €49.1 million to €41.4 million. In the Oil & Gas segment, business recovered from the effects of the COVID-19 pandemic. Revenues rose by €13.5 million to €60.1 million and thus reached pre-pandemic levels. In the Renewables segment, revenues again increased significantly by €19.4 million to €68.1 million. Revenues have thus doubled within two years. In the Construction/Infrastructure business, lower levels of activity in the Middle East had an impact. At €55.5 million, revenues were only up €3.0 million on the previous pandemic-impacted year. In the Marine & Construction segment, revenues fell by €2.5 million to €106.1 million, partly due to project delays as a result of the pandemic. The Energy segment continues to grow. Revenues grew significantly year-over-year from €87.7 million to €119.1 million. The sale of Gerüstbau Muehlhan GmbH was completed on October 1, 2021. The deconsolidation result will therefore be recorded in the fourth quarter of 2021.
The company's key performance indicators are shown in the following table:
1 Fixed assets: total of non-current assets less deferred tax assets. About Muehlhan: Worldwide, Muehlhan Group is a reliable partner in industrial services. As one of the few full-service providers, we offer our customers a broad spectrum of industrial services with professional industrial quality standards. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors, and our more than 135 years of experience. We have an established market presence in the four business segments in which we operate: Ship, Renewables, Oil & Gas and Construction/Infrastructure. Muehlhan AG is a listed company and is traded on the Open Market under ISIN DE000A0KD0F7. You can find additional information at www.muehlhan.com Contact: Muehlhan AG; phone: +49 40 75271-166; e-mail: investorrelations@muehlhan.com
29.10.2021 Dissemination of a Corporate News, transmitted by DGAP - 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: | 1244524 |
End of News | DGAP News Service |
|
1244524 29.10.2021
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.