Mühlbauer Holding AG

euro adhoc: Mühlbauer Holding AG & Co.KGaA
Quarterly or Semiannual Financial Statements
'Ad-hoc message pursuant to § 15 WpHG' Mühlbauer shows profitable growth in Q2 - Core business SmartID at new all-time high

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02.08.2005

Roding, August 03, 2005. The Mühlbauer technology company quoted on the Prime Standard lived up to expectations and posted net improvements in sales and results in Q2. The 16.1% increase in sales qoq resulted in an all-time high of EUR40.9 million (35.3), while gross profit even managed to increase disproportionately by 45.3% to EUR17.1 million (11.8) over the same period of time. The profitable growth was also reflected by the earnings before interest and tax (EBIT), which grew 50.5% yoy from EUR5.5 million to EUR8.2 million. The 51.2% rise of the EBT to EUR8.5 million (5.6) showed an even more positive trend. Q2 pretax profit margin was at a remarkable 20.9% - after 16.0% in the same period of last year. Earnings per share amounted to EUR0.37 in the reporting period - 54.2% more than in the comparable period last year (0.24). Due to the already expected positive trend in business for Q2, sales of the technology provider has already risen by 16.6% to EUR65.7 million (56.3) in the first half of the fiscal year, while the EBIT for the same period rose 32.1% to EUR9.8 million (7.4) and earnings per share by a total of 36.4% to EUR0.45 (0.33).

Free cashflow in Q2 amounted to +EUR9.5 million and were 6.7% higher than comparable last year (+8.9). On a half-year basis, free cashflow of +EUR14.8 million were slightly down on the comparable value of last year (+15.5). The company's net cash in the first six months of the current fiscal year rose EUR6.5 million to EUR48.6 million despite a 71.4% increase in dividends distributed to shareholders in the reporting period. At the end of the reporting period, the equity ratio stood at 66.4% - compared to 72.0% at the end of last year.

With order income worth EUR49.3 million, the global technology company continued its upward trend in order income during the past two quarters and showed a stellar performance in Q2.  Adjusted for a major order placed by an ministry of interior (EUR25.0 million) in the comparable quarter of last year, order income rose 27.0% yoy (EUR38.8 million). The biggest share of 59.3% worth EUR29.2 million (adjusted 13.3) was posted by the core business SmartID, which managed to increase 120.5%. With EUR14.0 million the area of Semiconductor Related Products could contribute a relatively big share of order income due to a volume order, but the overall value lagged 28.1% behind the value of last year (19.4) in the face of the weak trend in the semiconductor industry. The Traceability sector, however, posted a sharp rise in order income. Order income worth EUR2.8 million were 21.5% above last year's level (2.3), while Precision Parts & Systems with orders worth EUR3.3 million slipped 13.9% below the value of last year (3.8) due to missing volume orders. At the end of the reporting period the Mühlbauer-Group's order backlog stood at EUR84.2 million and is up 90.7% on last year's value (adjusted 44.1).

The complete quarterly report can be downloaded from the company's website www.muehlbauer.de.

Contact and additional information: 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.

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ots Originaltext: Mühlbauer Holding AG & Co.KGaA
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Hubert Forster
CFO
+49(0)9461-952-141
hubert.forster@muehlbauer.de

Branche: Machine Manufacturing
ISIN:      DE0006627201
WKN:        662720
Index:    Nemax 50, Prime Standard, CDAX, Prime All Share, Technologie
              All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
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