MBB SE expects one billion euros in revenue with an EBITDA margin of 10% in 2024
March 26, 2024 at 03:16 am EDT
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EQS-News: MBB SE
/ Key word(s): Annual Report/Forecast
MBB SE expects one billion euros in revenue with an EBITDA margin of 10% in 2024
26.03.2024 / 08:14 CET/CEST
The issuer is solely responsible for the content of this announcement.
MBB SE expects one billion euros in revenue with an EBITDA margin of 10% in 2024
Berlin, 26 March 2024 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, grew its revenues by 6.5% to €954.6 million in the 2023 financial year. The Group's adjusted EBITDA reached €80.2 million, compared to €93.2 million in the previous year. While the Service & Infrastructure segment experienced a temporary decline in adjusted EBITDA to €47.0 million on almost constant revenues of €481.3 million, the Technological Applications segment grew to €375.7 million in revenues and increased adjusted EBITDA by 74.7% to €28.4 million. The Consumer Goods segment generated revenues of €98.4 million and EBITDA of €5.9 million. The Group's net cash at the end of 2023 was €475.3 million, of which €311.1 million was attributable to the holding company MBB SE.
Friedrich Vorwerk, the largest company in the MBB Group, generated revenues of €373.4 million. The adjusted EBITDA of the energy infrastructure provider fell to €32.0 million, due in particular to increased material and personnel costs for individual legacy projects. The company's EBITDA margin was therefore 7.4% in the first three quarters but rose again to 11.8% in the fourth quarter. At the same time, Friedrich Vorwerk's order intake grew significantly to more than €1 billion, due in particular to the A-Nord order, which will contribute significantly to the company's growth from 2024 onwards. Aumann increased its revenues by 34.5% to €289.6 million and more than doubled its adjusted EBITDA to €21.3 million. IT security provider DTS achieved annual revenues of €108.4 million with adjusted EBITDA of €15.0 million thanks to revenue growth of 18.4% in the fourth quarter.
Since the beginning of 2023, MBB has invested more than €100 million into shares of its own group. MBB SE acquired Aumann shares for around €8 million, Friedrich Vorwerk shares for around €37 million and own shares for around €45 million. Additionally, Aumann has acquired own shares for around €12 million. These investments emphasize the management's positive view of the MBB Group's outstanding growth and value creation prospects.
Backed by a promising start to the year, MBB expects revenues to increase to €1 billion and adjusted EBITDA margin to 10% in 2024. The Board and Executive Management will therefore propose a dividend of €1.01 per share to the Annual General Meeting. This is the 14th time in a row that MBB has paid an increasing basic dividend. The continued high net cash position will ensure higher financial income in 2024 and forms an excellent basis for further organic and inorganic growth.
The Annual Report 2023 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
ir@mbb.com
www.mbb.com
Executive Management
Dr. Constantin Mang (CEO)
Dr. Jakob Ammer
Torben Teichler
Chairman of the Board and Executive Director
Dr. Christof Nesemeier
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
26.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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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
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.
MBB SE 
