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
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
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.
end of announcement euro adhoc 03.08.2005 07:00:00
Further inquiry note:
Hubert Forster
CFO
+49(0)9461-952-141
hubert.forster@muehlbauer.de
Branche: Machine Manufacturing
ISIN: DE0006627201
WKN: 662720
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