DGAP-News: MBB SE / Key word(s): Quarterly / Interim Statement
MBB SE grows revenues by 9.0% to EUR128.5 million in first quarter
Berlin, 15 May 2019 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family-owned business, increased its revenue by 9.0% to EUR128.5 million in the first quarter of 2019 compared to EUR117.8 million in the previous year. Adjusted EBITDA grew by 3.2% to EUR13.3 million, corresponding to an almost unchanged EBITDA margin of 10.4%. All segments of MBB grew their revenues in the first quarter.
DTS deserves special mention, as the company continued to benefit from the increased attention that IT security gained among German small and medium-sized businesses. In February 2019, DTS was able to complete a further important strategic step by acquiring the majority of ISL Internet Sicherheitslösungen GmbH. As one of the leading software developers in the field of network access control, ISL offers products in a particularly fast-growing sub-segment of the IT security market.
At the end of the first quarter, Net Cash of the MBB group was at EUR297.5 million, of which the holding MBB SE held EUR257.5 million. Capital efficiency increased significantly after the successful buyback of 646,024 shares with a total value of EUR62.0 million that was announced on 5 April 2019. After the buyback, MBB still has excellent capital resources for further acquisitions. Besides bolt-on acquisitions for its subsidiaries, MBB also intends to build completely new business units by acquiring new companies.
In light of the successful start into 2019, management continues to forecast revenue growth to more than EUR550 million and EBITDA growth to more than EUR58 million in the current fiscal year.
The complete interim statement for the first quarter is available at www.mbb.com.
About MBB SE:
MBB SE is a medium-sized family business which is growing organically as well as acquisition based since its foundation in 1995. At the core of our business model is the long-term value enhancement of subsidiaries and the group as a whole. From the very beginning, the business model showed above-average profitability - substantial growth and sustainable returns will continue to be our goal.
Further information about MBB SE is available at www.mbb.com.
Chairman of the Board
15.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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