MBB Industries AG achieves record revenues in third quarter and adapts year

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- Quarterly revenue exceeding EUR60 million for the first time - Nine months consolidated net profit rises to EUR9.8 million (eps EUR1.49) according to preliminary figures - Expected annual revenue adapted to EUR240 million

Berlin, 28 October 2014 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation focused on technology- and engineering businesses, recorded all time high revenues of EUR61.7 million for the third quarter according to preliminary figures. Another increase in revenue is expected for the fourth quarter thus accruing to annual revenues of EUR240 million, prior to this predicted at EUR250 million.

According to preliminary figures MBB achieves revenues of EUR172.9 million in the first three quarters of the year (EUR172.8 previous year) and EBITDA of EUR18.0 million (EUR17.2 million previous year) corresponding to an increase of 4.3 percent. Consolidated net profit rises by 3.0 percent to EUR9.8 million (EUR9.5 million previous year). MBB has thus earned EUR1.49 per share compared to EUR1.47 after three quarters in 2013. Despite ongoing investment activities and increased dividend payments of EUR3.6 million, the group has cash and cash equivalents of EUR51.7 million at the end of the third quarter (EUR54.9 million per year end 2013). Since the end of 2013, net-cash declined from EUR23.8 million to EUR17.3 million. This shift is caused by working capital seasonality and the purchase of industrial property in Loehne.

MBB achieves record revenues of EUR61.7 million in the third quarter of 2014 compared to EUR58.5 million (+5.5 percent) in the third quarter of 2013. EBITDA accrues to EUR6.0 million (EUR5.8 million previous year) with consolidated net profit of EUR3.2 million as recorded in the previous year.

Due to recent macroeconomic clouding, Management expects total revenues of EUR240 million for 2014 after forecasting EUR250 million up to now. However, expected revenues will still exceed previous year's revenues considerably. For the final quarter, Management forecasts earnings of at least EUR0.50 per share.

MBB's liquidity position continues to allow for organic growth, further investments and acquisitions.

The Quarterly Report will be published on 28 November 2014 and will be accessible for download on www.mbb.com.

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 lies at the heart of its business model. This business model has been highly profitable from 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.mbb.com

MBB Industries AG
Joachimsthaler Str. 34
10719 Berlin

Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbb.com
www.mbb.com

This release was published on openPR.