MBB SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:05 pm EST
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MBB SE reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 260.46 million compared to EUR 175 million a year ago. Net income was EUR 6.9 million compared to EUR 0.731 million a year ago. Basic earnings per share from continuing operations was EUR 1.19 compared to EUR 0.12 a year ago.
For the nine months, sales was EUR 638.76 million compared to EUR 501.63 million a year ago. Revenue was EUR 661.77 million compared to EUR 525.67 million a year ago. Net income was EUR 10.4 million compared to net loss of EUR 13.43 million a year ago. Basic earnings per share from continuing operations was EUR 1.79 compared to basic loss per share from continuing operations of EUR 2.26 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 
