MBH : increases pro-forma revenues by 189% in first year of Frankfurt stock exchange listing - from GBP37 million to GBP107 million
November 28, 2019 at 09:30 am EST
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DGAP-News: MBH Corporation Plc
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MBH Corporation plc increases pro-forma revenues by 189% in first year of Frankfurt stock exchange listing - from GBP37 million to GBP107 million
28.11.2019 / 15:27
The issuer is solely responsible for the content of this announcement.
MBH Corporation plc increases pro-forma revenues by 189% in first year of Frankfurt stock exchange listing - from GBP37 million to GBP107 million
London, 28 November 2019 - MBH Corporation plc ("MBH"), a diversified investment holding company, is pleased to announce its impressive growth results in 2019 and the successful implementation of its acquisition strategy "Agglomeration(TM)". MBH has made 7 acquisition announcements in 2019 with Samuel Hobson pending full completion, and International School of Beauty as a valuable asset purchase for the education vertical.
MBH was listed on the Frankfurt stock exchange on 15th November last year. Due to its acquisitions since listing, it now has a total of 9 companies in the group which together generate annualised pro-forma revenues of GBP 107 million. Compared to December 31, 2018, this corresponds to an increase of 189% (December 31, 2018: annualised pro-forma revenues of GBP 37 million). Accordingly, the annualised EBITDA of all associated companies rose from GBP 3.3 million to GBP 9.9 million.
Callum Laing, CEO of MBH Corporation plc: "In 2019, we acquired significantly more companies than many other listed investment companies, whilst growing all our industry verticals. The annual turnover of our portfolio companies has increased approximately 2.8 times. We are very pleased to welcome these successful companies to the MBH team. Our growth to date gives us confidence that we can achieve our goal of high growth and dividend payments at the same time."
Since the beginning of the year, MBH has acquired 7 companies and has been able to drive growth in all investment segments. The companies being International School of Beauty Therapy, Guildprime, APEV, Samuel Hobson, Gaysha, UK Sports and KS Training. MBH's largest acquisition to date, Asia Pacific Energy Ventures Pte Ltd (APEV), enabled MBH to enter the third industrial segment, Engineering Services.
Kevin Potter, Managing Director of Guildprime Specialist Contracts Limited: "Being part of MBH as a plc gives us an enormous advantage when it comes to mastering the challenges of pitching for bigger contracts to grow in the future."
MBH expects that the total number of MBH shares issued after completion of the announced acquisitions will be between the range of 60.8 million and 65.8 million shares (currently 35.6 million shares). This is subject to the finalisation of the audits for KS Training Ltd, UK Sports Training Ltd, Asia Pacific Energy Ventures Pte Ltd and Guildprime Specialist Contracts Ltd, and the completion of the acquisition of Samuel Hobson House.
About MBH
MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent, accretive acquisition of excellent companies.
www.mbhcorporation.com
Contacts for IR and media enquiries:
MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953
28.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
MBH Corporation Plc
Studio 7-9, Royal Patriotic Victoria Building, Joh
SW18 3SX London
United Kingdom
E-mail:
fo@mbhcorporation.com
Internet:
https://www.mbhcorporation.com/
ISIN:
GB00BF1GH114
WKN:
A2JDGJ
Listed:
Regulated Unofficial Market in Dusseldorf, Frankfurt
MBH Corporation plc is a United Kingdom-based investment holding company. The Company is focused on acquiring small-to-medium enterprises in different sectors. The Company operates through three segments: Education, Construction Services, and Leisure. The Education segment is engaged in the provision of education and learning related services for apprentices. The Construction Services segment includes commercial interior fit-out and construction contractor services. The Leisure segment includes the sale of new and pre-owned touring caravans and related caravan accessories and awnings. Its other operations include the provision of care services and residential elderly-care, food and beverage, engineering services, transportation services including taxis and licensed private hire operators and property services including state brokerage, commercial funding company, and others. Its primary geographical location includes the United Kingdom, Oceania, Asia, Canada, and North America.
MBH CORPORATION PLC 
