Public disclosure of inside information according to article 17 MAR
MBB Industries AG: MBB generates turnover of Eur116m for 2010 with high net cash
Berlin
(pta006/02.02.2011/08:55 UTC+1)
February 2, 2011 - According to provisional, unconfirmed figures, MBB Industries AG (ISIN DE000A0ETBQ4) generated a consolidated group turnover of Eur116m for 2010 with a consolidated result for the year of up to minus Eur7.0m, which corresponds with minus Eur1.06 per share. This includes a one-off accounting loss resulting from the deconsolidation of the Rumanian Delignit AG subsidiaries following the business restructuring, amounting to approximately Eur9.4m as of September 30, 2010. Hence, excluding this one-off effect, the result would have been significantly positive.
In comparison to September 30, 2010 available cash within the group rose from Eur30.7m to Eur33.2m as of December 31, 2010. Similarly, net cash rose from Eur10.3m on September 30, 2010 to Eur14.8m on December 31, 2010, a higher level than on any of the previous quarters.
All six portfolio companies again noted a revival in business activity in the fourth quarter compared to the previous year. On the basis of the development in business in the fourth quarter of 2010 and in January 2011, the managing board is forecasting improvements in both turnover levels and operative result for the year 2011.
The final figures for the business year will be published along with the annual report for 2010. The annual report for 2010 will be available to download from www.mbbindustries.com from April 15, 2011.
About MBB Industries AG:
Since 1995, MBB Industries AG has maintained successful holdings in the form of medium-sized industrial companies with sustainable value growth potential. The business model is based on a three-pillar structure, comprising the acquisition of interests at favourable terms, subjecting them to value enhancing holding management, and releasing them in high-yield sales. Right from the start, MBB Industries AG has achieved above-average profitability, and continues to devote its efforts to attaining unusually high yields in the future.
For further information about MBB Industries AG, please visit http://www.mbbindustries.com
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Emitter: |
MBB Industries AG Joachimstaler Str. 34 10719 Berlin Germany |
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Contact Person: | Sebastian Laiblin | |
Phone: | 0049-030-84415330 | |
E-Mail: | anfrage@mbbindustries.com | |
Website: | www.mbbindustries.com | |
ISIN(s): | DE000A0ETBQ4 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart |