MBB INDUSTRIES AG (FRA:MBB) MBB SE increases dividend and expects further revenue growth in 2021

Directive transparence : information réglementée

14/04/2021 20:05

DGAP-Ad-hoc: MBB SE / Key word(s): Dividend/Forecast
MBB SE increases dividend and expects further revenue growth in 2021

14-Apr-2021 / 20:05 CET/CEST
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Disclosure of inside information acc. to Article 17 MAR

MBB SE increases dividend and expects further revenue growth in 2021

Berlin, 14 April 2021 - The Board and Executive Management of MBB SE (ISIN DE000A0ETBQ4) today decided to propose an increase in the basic dividend from €0.70 to €0.88 per share at the Annual General Meeting scheduled to be held virtually on 8 June 2021. In view of the successful IPO of MBB subsidiary Friedrich Vorwerk, an additional dividend of €0.88 per share will be proposed in addition to the basic dividend. In total, the dividend would thus amount to €1.76 per share.

In the 2020 financial year, MBB increased its revenues by 16.4% to €689.2 million. Adjusted EBITDA grew by 26.8% to €85.7 million, which corresponds to an EBITDA margin of 12.5%. As at 31 December 2020, the MBB Group had net cash of €252.6 million, of which €182.5 million was attributable to the holding company MBB SE. Additionally, the IPO of Friedrich Vorwerk has significantly strengthened this financial position.

MBB plans to continue its growth in 2021. The Group expects to increase its revenues to €720 million in the current fiscal year, in particular due to the positive development of the Service & Infrastructure segment, which includes the companies Friedrich Vorwerk and DTS. The adjusted EBITDA margin is expected to reach between 10-12%. MBB sees its own financial strength as the best prerequisite for further growth, including through the acquisition of new subsidiaries.

The complete 2020 Annual Report will be published on 16 April 2021 at www.mbb.com.

Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333

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

14-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1184909

End of Announcement DGAP News Service

1184909  14-Apr-2021 CET/CEST