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    MBB   DE000A0ETBQ4


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PRESS RELEASE : MBB SE increases EBITDA by more than 41% to EUR40.5 million on stable revenues in H1 2021

08/20/2021 | 01:31am EST

DGAP-News: MBB SE / Key word(s): Half Year Report MBB SE increases EBITDA by more than 41% to EUR40.5 million on stable revenues in H1 2021 2021-08-20 / 07:30 The issuer is solely responsible for the content of this announcement.


MBB SE increases EBITDA by more than 41% to EUR40.5 million on stable revenues in H1 2021

Berlin, 20 August 2021 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family-owned company, increased its adjusted EBITDA by 41.1% to EUR40.5 million in the first half of 2021. The EBITDA margin increased by over 3 percentage-points year-on-year to 12.4%. At EUR326.6 million, revenue was roughly on par with the previous year. Net liquidity in the MBB Group grew to EUR495.3 million in the first half of 2021, particularly due to the IPO of Friedrich Vorwerk, of which EUR393.2 million were attributable to the holding company MBB SE.

The increase in profitability was due in particular to the successful development of the Service & Infrastructure segment. Friedrich Vorwerk with its solutions for energy infrastructure boosted adjusted EBITDA by 40.2% to EUR27.5 million. After a muted start to the year amid challenging weather conditions, Friedrich Vorwerk's revenue gained significant momentum in the second quarter and reached EUR132.7 million in the first six months. DTS, which specializes in IT-security, continued its double-digit growth course and increased EBITDA by 17.0% to EUR6.2 million. DTS's revenue grew by 13.3% to EUR38.4 million in the first half of the year.

The highest relative growth in the first half of the year was achieved by Delignit, which belongs to the Technological Applications segment and specializes in hardwood-based system solutions. Compared to the previous year, the company's EBITDA doubled to EUR3.3 million, while sales rose by 41.9% to a record of EUR36.4 million. High call-off figures in the light commercial vehicles segment as well as strong growth in the caravan business were the main contributors to the increase.

The highest growth in order intake was achieved by Aumann, which also belongs to the Technological Applications segment. In the first six months, the company increased its order intake by 25.3% to EUR104.1 million. Sales in the first half of the year amounted to EUR72.8 million, resulting in a book-to-bill ratio of 1.43. In view of the current order intake momentum, particularly in the Energy Storage segment, Aumann is optimistic about the second half of the year.

In the Consumer Goods segment, sales of EUR36.8 million and EBITDA of EUR3.3 million were slightly below the previous year. Hanke Tissue in particular, as a manufacturer of napkins, continued to feel the corona-related restrictions in the food service industry in 2021. The mattress manufacturer CT Formpolster, on the other hand, was able to increase sales slightly and profitability significantly compared to the previous year.

Overall, the very positive developments in the Service & Infrastructure and Technological Applications segments provide the best conditions for a dynamic growth trajectory going forward. For the current fiscal year 2021, we continue to forecast revenue of EUR720 million with a now conservative adjusted EBITDA margin of 10-12%. Against the backdrop of numerous acquisition opportunities, MBB also plans to boost growth through acquisitions.

The complete half-year report is available at www.mbb.com. MBB SE Joachimsthaler Straße 34 10719 Berlin Tel +49 30 844 15 330 Fax +49 30 844 15 333 request@mbb.com www.mbb.com

Executive Management Dr. Constantin Mang (CEO) Dr. Jakob Ammer Torben Teichler

Chairman of the Board and Executive Director Dr. Christof Nesemeier

Court of Registration Berlin-Charlottenburg Local Court, registration number: HRB 165458


2021-08-20 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language:     English 
Company:      MBB SE 
              Joachimsthaler Strasse 34 
              10719 Berlin 
Phone:        +49 (0) 30 844 15 330 
Fax:          +49 (0) 30 844 15 333 
E-mail:       anfrage@mbb.com 
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:  1227853 
End of News   DGAP News Service 

1227853 2021-08-20

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1227853&application_name=news

(END) Dow Jones Newswires

August 20, 2021 01:30 ET (05:30 GMT)

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Net income 2021 -1,00 M -1,13 M -1,13 M
Net cash 2021 194 M 219 M 219 M
P/E ratio 2021 58,5x
Yield 2021 0,69%
Capitalization 708 M 800 M 801 M
EV / Sales 2021 0,76x
EV / Sales 2022 0,62x
Nbr of Employees 3 654
Free-Float 33,0%
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Average target price 151,45 €
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Managers and Directors
Constantin Mang Chief Executive Officer
Tim Hameister Vice President-Finance
Christof Nesemeier Executive Chairman
Oliver Wroblewski Head-Information Technology
Jakob Ammer Chief Operating Officer & Executive Director
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