MBB SE Announces Consolidated Unaudited Earnings Results for the Full Year of 2015; Provides Earnings Guidance for the Full Year 2016
February 29, 2016 at 01:28 am EST
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MBB SE announced consolidated unaudited earnings results for the full year of 2015. For the period, the company announced revenue of EUR 252.8 million compared to EUR 236.7 million a year ago, according to provisional, unaudited figures and corresponding to a growth of 6.8%. EBITDA was EUR 24.8 million compared to EUR 23.0 million a year ago. Consolidated earnings stood at EUR 11.7 million compared to EUR 13.2 million a year ago. Earnings per share amounted to EUR 1.78 as against EUR 2.01 in the previous year.
For the full year 2016, the company expects revenue to be EUR 300 million and EPS to be EUR 2 per share.
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.
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