DGAP-Adhoc: MBB SE increases EBITDA by 24% in the first quarter despite lower revenues

2021. május 25., kedd, 08:07





DGAP-Ad-hoc: MBB SE / Key word(s): Quarterly / Interim Statement


MBB SE increases EBITDA by 24% in the first quarter despite lower revenues


25-May-2021 / 08:07 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Disclosure of inside information acc. to Article 17 MAR

MBB SE increases EBITDA by 24% in the first quarter despite lower revenues



Berlin, 25 May 2021 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family-owned company, increased its adjusted EBITDA by 24.0% to €19.6 million in the first quarter of 2021. The EBITDA margin reached 13.1%. Compared to the first quarter of the previous year, which was largely unaffected by Covid-19, turnover decreased by 12.6% to €150.2 million. The successful IPO of Friedrich Vorwerk Group SE in March 2021 led to a significant increase in Group liquidity to €598.0 million at the end of the quarter. Net cash rose to €511.4 million, of which €375.8 million was attributable to the holding company MBB SE.



The increased profitability of the MBB Group is in particular due to the positive development of the Service & Infrastructure segment, which comprises Friedrich Vorwerk and DTS. The segment"s adjusted EBITDA rose by 33.7% year-on-year to €14.5 million in the first quarter of 2021. At €71.0 million, revenues in the segment were below the previous year due to a slower performance at Friedrich Vorwerk which was caused by less favourable weather conditions with more frost and rainy days. However, revenue realisation is expected to accelerate in the seasonally stronger summer months. At €65 million, order intake at Friedrich Vorwerk was 14.3% higher than in the same period last year, which underlines the company"s excellent growth prospects.



In the Technological Applications and Consumer Goods segments, revenues were down year-on-year to €60.2 million and €19.0 million respectively due to Covid-19. In the Consumer Goods segment, for example, Hanke Tissue sold fewer printed napkins than in the previous year because of closed restaurants. In the Technological Applications segment, Aumann also recorded a decline in revenues, which had been expected against the background of the weak order intake in 2020. At the same time, Aumann"s order intake in the first three months of 2021 increased by 31.8% to €50.5 million, reflecting the noticeably improved order situation, particularly in the field of e-mobility.



The full quarterly 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 Christof Nesemeier (CEO)

Dr Constantin Mang

Klaus Seidel



Chairman of the Board

Gert-Maria Freimuth



Court of Registration

Berlin-Charlottenburg Local Court, registration number: HRB 165458











25-May-2021 CET/CEST 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

Germany
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: 1200015





 
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1200015  25-May-2021 CET/CEST







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