DGAP-Adhoc: MBB SE significantly exceeds forecast in 2019 with revenues of €592 million and adjusted EBITDA of €68 million, and is expecting further revenue growth in 2020

2020. március 03., kedd, 08:03





DGAP-Ad-hoc: MBB SE / Key word(s): Preliminary Results/Forecast


MBB SE significantly exceeds forecast in 2019 with revenues of €592 million and adjusted EBITDA of €68 million, and is expecting further revenue growth in 2020


03-March-2020 / 08:03 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 significantly exceeds forecast in 2019 with revenues of €592 million and adjusted EBITDA of €68 million, and is expecting further revenue growth in 2020



Berlin, 3 March 2020 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, grew its revenues by 16.9% to €592.1 million, according to preliminary figures. Adjusted EBITDA grew even faster than revenues at 24.1% and reached €67.7 million, corresponding to an EBITDA margin of 11.4%. Particularly notable is the high net liquidity that was €249.8 million at the end of 2019 despite the share buyback and several company acquisitions. Of this amount, €184.5 million was attributable to the holding company MBB SE.



In 2019, MBB acquired for the first time three companies in one year. With the acquisition of a majority shareholding in the Friedrich Vorwerk Group, MBB succeeded in entering the field of pipeline and plant construction for gas and electricity networks. The acquisition of Bohlen & Doyen at the end of 2019 further strengthened this business area, which contributed combined revenues of more than €95 million and a double-digit EBITDA margin since its first consolidation.



The IT security company DTS was able to increase its revenue to over €65 million in 2019, corresponding to a growth rate of 26%. At the same time, the company"s EBITDA margin continued to rise. Delignit and CT Formpolster also grew last year, while Hanke and OBO achieved revenues comparable to the previous year. Revenues were down at Aumann AG, which had a significantly lower order intake due to the reluctance to invest in the automotive industry.



For 2020, MBB expects its latest acquisitions Friedrich Vorwerk and Bohlen & Doyen to make further growing contributions to consolidated revenues and earnings. However, due to the slowdown in the automotive industry as well as economic risks, the expectations for Aumann AG"s revenue and earning contributions for 2020 have decreased significantly. In total, MBB"s management expects revenues of more than €660 million for the current financial year and an adjusted EBITDA margin of 8-10%. A possible worsening of the corona virus epidemic is not reflected in these numbers. With total liquidity of €340 million at the end of 2019, MBB continues to see good conditions for further company acquisitions.



The Annual Report 2019 will be published on 9 April 2020 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











03-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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
EQS News ID: 988045





 
End of Announcement DGAP News Service




988045  03-March-2020 CET/CEST







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