MBB SE Reports Preliminary Consolidated Earnings Results for the Third Quarter and Nine Months of 2016; Reaffirms Earnings Guidance for the Year 2016
November 04, 2016 at 02:29 am EDT
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MBB SE reported preliminary Consolidated earnings results for the third quarter and nine months of 2016. For nine months, the company generated a new revenue record after nine months with EUR 242.7 million after EUR 186.6 million in the previous year. This corresponds to a growth in revenue of 30.1%. Revenue growth without the Aumann group, which is consolidated since November 2015, amounts to 12.6%. EBITDA increased by 36.0% from EUR 17.4 million to EUR 23.7 million. EBIT increased by 47.7% from EUR 12.2 million to EUR 18.1 million. Earnings amounted to EUR 11.1 million and also significantly exceeded the first nine months of the previous year (24.2%). Earnings per share grew to EUR 1.69 (EUR 1.36 in the previous year).
For the third quarter, revenue increased to EUR 83.4 million (34.2% compared to previous year), EBITDA to EUR 8.1 million (44.9% compared to previous year), EBIT to EUR 6.2 million (58.0% compared to previous year) and earnings per share EUR 0.60 (30.4% compared to previous year). The revenue growth of the group is paired with a significant margin improvement.
For the year 2016, the company continues to forecast revenues of more than EUR 310 million and earnings per share of at least EUR 2.10.
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.
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