Press release
MBB Industries AG confirms provisional figures for 2011
Proposal for dividend increase to 44 cents per shareBerlin, 26 March 2012 - Based on its final and audited data, MBB Industries AG (ISIN DE000A0ETBQ4) can confirm the provisional figures previously reported. In 2011 as a whole, the company generated consolidated revenue from continuing operations of EUR110 million. Its consolidated earnings for the year amounted to EUR 3.3 million, corresponding to earnings per share of EUR0.51.
The Group's liquidity amounted to EUR30.3 million as at 31 December 2011 with net cash holdings of EUR13.7 million.
Thanks to the positive business performance, an increased dividend of 44 cents per share is set to be proposed to the Annual General Meeting on 18 June 2012 after 33 cents per share in the previous year. This rise reflects the good financial situation at MBB Industries, which performed the biggest takeover in the company's history with its buyout of CLAAS Fertigungstechnik at the start of March.
The company is also reporting year-on-year growth in revenue and earnings from its current portfolio for the first quarter of 2012. Taking into account the acquisition of CLAAS Fertigungstechnik and its intended organic growth, MBB Industries is forecasting a rise in sales to over EUR200 million in 2012.
In addition, the Supervisory Board resolved to extend the Managing Board contracts of Dr. Christof Nesemeier and Gert-Maria Freimuth to 30 June 2015.
The 2011 annual report will be available for download at
www.mbbindustries.com on 27 April 2012.
About MBB Industries AG:
MBB Industries AG is a family-owned, medium-sized corporation that has
expanded steadily as a result of organic growth and the acquisition of
other companies since it was founded in 1995. Achieving a long-term
increase in the value of the individual companies and the Group as a whole
forms the heart of its business model. This business model has been highly
profitable since the outset - substantial growth and sustainable returns
will remain MBB Industries AG's goal in future as well.
Further information on MBB Industries AG can be found on the Internet at
http://www.mbbindustries.com
MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbbindustries.com
www.mbbindustries.com
Managing Board with power of representation
Dr. Christof Nesemeier (Chairman), Gert-Maria Freimuth
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