MBB SE Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 09:09 am EDT
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MBB SE reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 226.35 million compared to EUR 206.1 million a year ago. Revenue was EUR 233.61 million compared to EUR 214.25 million a year ago. Net income was EUR 1.77 million compared to EUR 3.62 million a year ago. Basic earnings per share from continuing operations was EUR 0.31 compared to EUR 0.62 a year ago.
For the six months, sales was EUR 427.18 million compared to EUR 378.31 million a year ago. Revenue was EUR 442.87 million compared to EUR 394.24 million a year ago. Net income was EUR 1.17 million compared to EUR 3.5 million a year ago. Basic earnings per share from continuing operations was EUR 0.2 compared to EUR 0.6 a year ago.
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.
MBB SE 
