Muehlhan AG: Muehlhan AG publishes first quarter 2019 results

DGAP-News: Muehlhan AG / Key word(s): Quarter Results Muehlhan AG: Muehlhan AG publishes first quarter 2019 results 06.05.2019 / 07:45 The issuer is solely responsible for the content of this announcement. PRESS RELEASE Muehlhan AG publishes first quarter 2019 results - Business performance within expected range - EUR67.6 million of sales revenue, EUR1.2 million of EBIT Hamburg, May 6, 2019-From January through March 2019, Muehlhan AG (Open Market; ISIN DE000A0KD0F7) generated a sales revenue of EUR67.6 million (previous year: EUR55.9 million) and earnings before interest and taxes (EBIT) of EUR1.2 million (previous year: EUR0.9 million). As expected, the results for the traditionally weak first quarter were therefore within our range of expectations. Cash flow from operating activities was negative at EUR-3.3 million due to revenue growth (previous year: EUR-0.8 million). A geographic review shows that sales revenue in Europe decidedly increased year-on-year by EUR11.4 million to EUR53.9 million. In the Middle East, sales revenue increased by EUR1.0 million to EUR6.1 million. In North America, sales revenue for the reporting period remained stable at EUR4.7 million compared to the previous year. In the Rest of the World, the business trend for the first quarter decreased slightly, with sales revenue reducing by EUR?0.5 million to EUR?3.0 million. In the Ship business segment, sales revenue increased for project related reasons by EUR4.1 million to EUR16.8 million compared to the prior-year period. In the Oil & Gas segment, sales revenue was at EUR17.4 million, down by EUR1.0 million. The Renewables segment was able to increase sales revenue by EUR4.0 million to EUR8.5 million. With EUR24.9 million, the Industry/Infrastructure business posted EUR4.6 million more of sales revenue than in the prior-year period as well. Muehlhan is confident that the Group's upward trend will continue and profitability can be improved further. With sales revenue of approximately EUR280 million and thus marginally increasing, the company expects EBIT to increase slightly to between EUR10.0 million and EUR11.0 million. The company's key performance indicators are shown in the following table: in EUR million   1st quarter of 2019 1st quarter of 2018 Results       Sales revenue   67.6 55.9 EBITDA1   3.2 2.9 EBIT2   1.2 0.9 EBT3   0.9 0.6 Consolidated income after non-controlling interests   0.4 0.3 Earnings per share from continuing operations in EUR 0.02 0.02 Cash flow from operating activities   -3.3 -0.8 Investment in property, plant and equipment   1.2 2.4 Balance sheet   3/31/2019 12/31/2018 Total assets   160.5 151.1 Fixed assets4   62.3 62.9 Group equity   69.4 68.3 Consolidated equity ratio in % 43.1 45.2 Employees   3/31/2019 3/31/2018 Employees (annual average) number 3,052 2,884   1 EBITDA: Earnings before interest, taxes, depreciation and amortization 2 EBIT: Profit from operations 3 EBT: Earnings before taxes 4 Fixed assets: Total non-current assets less deferred tax assets About Muehlhan: Worldwide, Muehlhan Group is a reliable partner in industrial services. As one of the few full-service providers, we offer our customers a broad range of services designed to meet the exacting quality standards expected in professional industrial services. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors, and our more than 130 years of experience. We have an established market presence in the four business segments in which we operate: Ship, Renewables, Oil & Gas and Industry/Infrastructure. Muehlhan AG is a listed company and is traded on the Open Market under ISIN DE000A0KD0F7. For more information, visit www.muehlhan.com Contact: Muehlhan AG; phone: [phone]; e-mail: [e-mail] 06.05.2019 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Muehlhan AG
	Schlinckstrasse 3
	21107 Hamburg
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.muehlhan.com
ISIN:	DE000A0KD0F7
WKN:	A0KD0F
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	805677

End of News	DGAP News Service

805677  06.05.2019