EQS-Adhoc: MBB SE grows revenues by 13% to €427 million with €32 million EBITDA in the first half of the year and adjusts forecast EBITDA margin for 2023 to 8-10%
EQS-Ad-hoc: MBB SE / Key word(s): Half Year Report/Forecast Disclosure of inside information acc. to Article 17 MAR MBB SE grows revenues by 13% to €427 million with €32 million EBITDA in the first half of the year and adjusts forecast EBITDA margin for 2023 to 8-10% Berlin, 15 August 2023 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family-owned company, increased its revenues by 12.9% to €427.2m in the first half of 2023. Adjusted EBITDA declined by 16.2% to €31.9 million in the same period. The adjusted EBITDA margin improved during the first half of the year from 6.8% in the first quarter to 8.0% in the second quarter. However, at 7.5%, the adjusted EBITDA margin for the first half of the year was below expectations. Net Cash of the group reached €372.8 million at the end of the first half of the year, of which €331.7 million was attributable to the holding MBB SE. The Service Infrastructure segment increased its revenues by 7.5% to €207.9 million in the first half of the year. The energy infrastructure provider Friedrich Vorwerk made a particularly strong contribution, with revenue growth of 16.0% to €165.6 million. The IT security specialist DTS, on the other hand, reached revenues of € 42.9 million in the first half of the year, but was unable to match the unusually strong first half of the previous year. The segment's EBITDA fell to €19.8 million, which corresponds to a margin of 9.5%. While DTS achieved an EBITDA margin of 14.5%, Friedrich Vorwerk's EBITDA margin of 8.2% was significantly below the previous year. In addition to the expected cost pressure on materials and personnel, a large LNG projects contributed to lower profitability. The Technological Applications segment grew by 21.8% to €167.1 million in revenues in the first half of the year. The adjusted EBITDA of the segment more than doubled to €12.6 million. The automation specialist Aumann made a substantial contribution to the segment's positive development with growth of 29.0% to €119.0 million in revenues. Aumann's adjusted EBITDA margin of 6.8% underpins the gradual increase in profitability, while the record order backlog of €313.6 million once again demonstrates the company's excellent market position. Delignit also significantly boosted the growth of the segment with a 50.0% increase in revenues to €48.2 million and a doubling of EBITDA to €4.5 million. To finance further growth steps, Delignit successfully completed a capital increase with gross proceeds of €8.0 million on 12 July 2023. The Consumer Goods segment increased revenues by 9.6% to €52.2 million in the first half of the year. However, the challenging economic conditions led to a decline in profitability at both Hanke Tissue and the mattress manufacturer CT Formpolster. In total, the segment therefore generated EBITDA of €0.0 million, which is due in particular to fluctuations in energy and raw material prices. For the current financial year, MBB continues to expect revenues of €850-900 million. In light of the temporarily weaker profitability in the Service Infrastructure and Consumer Goods segments, MBB now expects an adjusted EBITDA margin of 8-10 percent compared to its original forecast of 9-11 percent. The full half-year report 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 office@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
End of Inside Information
15-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | 1703451 |
End of Announcement | EQS News Service |
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1703451 15-Aug-2023 CET/CEST
MBB SE Aktie
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