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MBB SE significantly exceeds forecast for 2020 due to strong development of Friedrich Vorwerk

·4-min read

MBB SE / Key word(s): Preliminary Results/Annual Results
MBB SE significantly exceeds forecast for 2020 due to strong development of Friedrich Vorwerk

26-Jan-2021 / 08:06 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 significantly exceeds forecast for 2020 due to strong development of Friedrich Vorwerk

Berlin, 26 January 2021 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, increased its revenues by approximately 16% to more than €685 million in the 2020 financial year, according to first estimates by the management. The adjusted EBITDA is estimated to exceed €83 million, which corresponds to an adjusted EBITDA margin of around 12% and an increase of approximately 23% compared to the previous year. This EBITDA was adjusted for one-off charges related to capacity adjustments at Aumann. MBB thus significantly exceeded its initial forecast of more than €660 million in revenue and an EBITDA margin of 8-10% despite the Covid-19 pandemic. The net liquidity of the MBB Group was more than €250 million at the end of the 2020 financial year, of which the holding company MBB SE accounted for €182 million.

The growth of the MBB Group was driven in particular by the strong performance of Friedrich Vorwerk. As a leading provider of energy infrastructure for the gas, electricity and hydrogen markets, the company is benefiting from high investments in the course of the clean energy transition. According to initial estimates by the management, Friedrich Vorwerk generated revenues of around €291 million in 2020. Adjusted EBITDA grew to more than €58 million, while adjusted EBIT rose to over €47 million. The adjusted EBIT margin was thus over 16%. Friedrich Vorwerk started into the new year with a record order backlog of over €306 million as of 31 December 2020, of which around 7% are already attributable to hydrogen applications. Friedrich Vorwerk is currently considering possible growth options, including an IPO.

The Annual Report 2020 will be published on 16 April 2021 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


Disclaimer

This notification may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of MBB SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes,' 'estimates,' 'anticipates,' 'expects,' 'intends,' 'may,' 'will' or 'should' or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of MBB SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. MBB SE accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

26-Jan-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:

1163165


 

End of Announcement

DGAP News Service

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