MBB : grows revenues in the first nine months to ?511 million at an EBITDA margin of >10% and examines growth options for Friedrich Vorwerk
November 13, 2020 at 02:02 am EST
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DGAP-Ad-hoc: MBB SE / Key word(s): 9 Month figures/Quarter Results
MBB SE grows revenues in the first nine months to ?511 million at an EBITDA margin of >10% and examines growth options for Friedrich Vorwerk
13-Nov-2020 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of inside information acc. to Article 17 MAR
MBB SE grows revenues in the first nine months to ?511 million at an EBITDA margin of >10% and examines growth options for Friedrich Vorwerk
Berlin, 13 November 2020 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, increased revenues by 25.2% to ?510.6 million in the first nine months of 2020 despite the challenges of the
COVID-19 pandemic. Adjusted EBITDA even increased by 30.8% to ?52.8 million and reached a margin of 10.4%. In the third quarter of 2020, revenues of ?181.7 million and adjusted EBITDA of ?24.1 million significantly exceeded expectations. The high adjusted EBITDA margin of 13.4% underlines the resilience of the MBB group.
This positive development was mainly driven by the Service & Infrastructure segment, which generated total revenues of ?277.7 million in the first nine months. What stands out in particular is the development of the Friedrich Vorwerk group, which benefits from significant investments into the European clean energy transition. In the first three quarters, these led to revenues of ?221.9 million with an EBITDA margin of 17.8%. In order to further accelerate the strong growth of the company, Friedrich Vorwerk is currently evaluating potential growth options, which may include an IPO.
Based on the positive business development, MBB confirms its outlook for revenues of more than ?660 million for the fiscal year 2020 with an adjusted EBITDA margin of 8% to 10%. With a net liquidity of ?213.2 million, of which ?181.5 million are attributable to the holding company, MBB considers itself to be excellently positioned for new acquisitions and expects an increase in possible acquisition opportunities in the coming months.
The complete interim statement 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
request@MBB.com
www.MBB.com
Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel
Chairman of the Board
Gert-Maria Freimuth
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
13-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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.