Mühlbauer Holding AG

euro adhoc: Mühlbauer Holding AG & Co.KGaA
Quarterly or Semiannual Financial Statements
Strong business in the 2nd quarter — Mühlbauer increased sales and results significantly (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Roding, August 04, 2004 - Mühlbauer technology group, listed in the German Prime Standard, has finalized the second quarter 2004 successfully with the best EBIT since three years and a sales plus of 47.6%. So the earnings before interest and taxes (EBIT) climbed by 205.9% to 5.5 m EUR (1.8), while — based on the improved interest result (compared with last years Q2) - the earnings before taxes (EBT) increased to 5.6 m EUR (1.8) in the same period. Thus the pretax profit margin in the second quarter reached comfortable 16.0% (7.7%) and reflects at the same time the leverage potential of earnings during a time of growing business. 3.4 m EUR (1.2) were earned net by Mühlbauer in the period under report. That means a plus of 177.7%. Earnings per share tripled to 0.24 EUR (0.08). The profitable growth of this year’s first quarter could be continued. On half year basis EBIT was extended by 143.0% to 7.4 m EUR (3.0) and earnings per share climbed by 135.7 % to 0.33 EUR (0.14). As a result of a consistently accomplished working-capital-management the working capital dropped to a new all-time low of 29.6 m EUR (39.6), in spite of strong sales at the end of the second quarter. Based on the additional liquidity caused by this the free cashflow was growing to +8.8 m EUR (+1.2). With +15.5 m EUR in the first half of 2004 the free cashflow reached a value far beyond the (+0.7) in the same period of last year and already 45% above the total free cashflow in 2003 (+10.6). Order Income increased in second Quarter 2004 to 63.7 m EUR, that’s more than double of this figure in Q2/2003 (27.7). Supported by a majore order for the gradual delivery of a turn-key solution for manufacturing of ID-cards for a ministry of interior the core business Smart Identification reached an all time high of 38.2 m EUR (11.0) - a growth of 246.9%. Also the order income in Semiconductor Related Products Sector grew by 55.9% to 19.4 m EUR (12.4). The Order income of 2.3 m EUR in Traceability Sector sets a mark 101.1% above last years figure (1.2) in the same period, while Precision Parts and Systems could increase its order income by 25% to 3.8 m EUR (3.1). On half year basis order income reached 99.5 m EUR (50.9), a growth of 95.4%. As expected also sales catched up significantly with orders. Sales improved by 47.6% to 35,3 m EUR (23.9). In regional view Europe remains the core market of the Mühlbauer company with a quota of 70.6% (73.3%) followed by Asia 22.3% (23.0%). 6.8% (1.9%) of the sales were realized in the NAFTA-Region and South Americas. The share of sales in the other regions Africa and Australia was 0.3% (1.8%). During the first six months of this year the consolidated sales grew up to 56.3 m EUR (46.7). This means an increase of 20.5%. The technology group sees the current order backlog of almost 70 m EUR building a strong base for the further extension of its business. For supporting the possible growth, this year the company plans capital expentitures of nearly 8 m EUR. Because of the current market position and of the conservative accounting policy the Mühlbauer group assume, a still positive atmosphere in the markets provided, that they can go on optimising sales and results. The complete quarterly report II/2004 can be downloaded at http://www.muehlbauer.de. For further information’s please contact: Investor Relations, Tel.: +49 (0) 9461-952-653, Fax: +49 (0) 9461-952-8520, investor-relations@muehlbauer.de, Mühlbauer Holding AG & Co. KGaA, Werner-von-Siemens-Str. 3, D-93426 Roding, www.muehlbauer.de. end of announcement euro adhoc 04.08.2004 --------------------------------------------------------------------- Further inquiry note: Hubert Forster CFO +49(0)9461-952-141 hubert.forster@muehlbauer.de Branche: Machine Manufacturing ISIN: DE0006627201 WKN: 662720 Index: CDAX, Nemax 50, Prime All Share, Prime Standard, Technologie All Share Börsen: Frankfurter Wertpapierbörse / regulated dealing Niedersächsische Börse zu Hannover / free trade Berliner Wertpapierbörse / free trade Bayerische Börse / free trade Hamburger Wertpapierbörse / free trade Bremer Wertpapierbörse (BWB) / free trade Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / free trade

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