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
DGAP-Ad-hoc: MBB SE / Key word(s): Preliminary Results/Forecast Disclosure of inside information acc. to Article 17 MAR 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 Executive Management Chairman of the Board Court of Registration
03-March-2020 CET/CEST The DGAP 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: | [email protected] |
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 |
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988045 03-March-2020 CET/CEST