MBB SE increases its revenues by 16% in the first half with an EBITDA margin growing by 10%

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DGAP-News: MBB SE / Key word(s): Half-year report

MBB SE increases its revenues by 16% in the first half with an EBITDA margin growing by 10%

12.08.2022 / 07:48
The issuer is solely responsible for the content of this announcement.

MBB SE increases its revenues by 16% in the first half with an EBITDA margin growing by 10%

Berlin, August 12, 2022 – MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, increased its turnover by 16% to 378 million euros in the first half of 2022. Growth accelerated by 15 % in the first quarter to 17% in the second quarter. First half adjusted EBITDA was down 6% year-on-year to €38 million, but this was mainly due to a weaker first quarter. In the second quarter, adjusted EBITDA was €23 million, up 11% year-on-year. The adjusted EBITDA margin increased from 9% in the first quarter to 11% in the second quarter and thus stood at 10% for the first half as a whole.

The Services & Infrastructure segment increased its revenue by 13% to €194 million with an adjusted EBITDA margin of 16%. Friedrich Vorwerk was able to increase its order intake by 142% to 252 million euros in the first half. Due to several simultaneous project ramp-ups, the integration of the Puhlmann Group and partly drastic increases in material prices, the EBITDA margin at 16% is slightly below expectations. DTS, a specialist in IT security, recorded very significant growth of 32% in the first half and contributed 51 million euros to the turnover of the Service & Infrastructure segment. At the same time, DTS achieved an EBITDA of 8 million euros, which corresponds to an EBITDA margin of 16%.

The Technological Applications segment increased its turnover by 16% to 137 million euros in the first half of 2022. Of this, Aumann realized 92 million euros and thus increased its turnover by 27% . Order intake increased by 59% and reached 166 million euros. Furthermore, the adjusted EBITDA at 3 million euros is significantly higher than that of the previous year and thus confirms a gradual recovery in profitability. In the first half of the year, Delignit generated revenues of 32 million euros and was unable to match the revenues of the previous year, but this was mainly due to the first quarter. For the second quarter, revenues were slightly above the level of the previous year. The Consumer Goods segment increased its turnover by 29% to 48 million euros in the first half. While revenues increased by approximately 14% in the first quarter, a 45% growth was achieved in the second quarter.

MBB’s strong balance sheet again paid off in the eventful first half of 2022. In total, the Group’s liquidity at the end of the first half is down compared to the previous year at 498 million euros and net liquidity of 419 million euros, which is due in particular to a temporary increase working capital at Friedrich Vorwerk and growth investments. The MBB SE holding company also recorded net liquidity of €353 million, down 10% compared to the previous year, due to significant share buybacks, the increase in Aumann’s capital and the change in the value of securities. Both the subsidiaries of MBB and the holding company consider this strong capitalization as a good basis for the acquisition of new companies. For the current financial year, MBB continues to anticipate a growth in turnover of more than 740 million euros with an EBITDA margin of at least 10%.

The full half-year report is available at www.mbb.com.

MBB SE

Joachimsthaler Straße 34

10719Berlin

Tel +49 30 844 15 330

Fax +49 30 844 15 333

[email protected]

www.mbb.com

Direction

Dr. Constantin Mang (CEO)

Dr. Jacob Ammer

Torben Teichler

Chairman of the Board and Executive Director

Dr. Christof Nesemeier

Registry Court

Berlin-Charlottenburg district court, registration number: HRB 165458

12.08.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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