EQS-Adhoc: MBB SE grows by 32% in 2022 to EUR 896 million in revenue with EUR 93 million in adjusted EBITDA

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MBB SE grows by 32% in 2022 to EUR 896 million in revenue with EUR 93 million in adjusted EBITDA

Berlin, March 30, 2023 MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, grew by 31.8% to 896.5 million in sales in the 2022 financial year. Adjusted EBITDA increased by 17.1% to 93.2 million in the same period, which corresponds to an EBITDA margin of 10.3%. The sales forecast, which had already been raised over the course of the year, was once again clearly exceeded while achieving the forecast margin. At the end of the year, the Group’s net liquidity was 513.0 million, of which 336.3 million was attributable to the holding company MBB SE. The net liquidity of the holding corresponds to more than 70% of the market capitalization.

The Service & Infrastructure segment made a significant contribution to the growth of the group with an increase in sales of 32.9% to 476.7 million. However, the segment’s Adjusted EBITDA fell 2.3% to 66.7 million. The reason for the decline was the development of the energy infrastructure provider Friedrich Vorwerk, which was able to increase sales by 31.9% to EUR 368.2 million as part of the LNG expansion, but whose adjusted EBITDA increased by 12.8% to EUR 50.1 million . The IT security specialist DTS, which is also assigned to the segment, grew by 36.3% to 108.5 million in sales. The adjusted EBITDA of DTS even increased disproportionately by 53.3% to 16.6 million, which corresponds to a margin of 15.2%. The increasing willingness of medium-sized companies to invest in their IT security made a significant contribution to the strong growth of the company.

In the Technological Applications segment, sales increased by 25.3% to 313.1 million. The adjusted EBITDA more than tripled compared to the previous year and reached 16.2 million. The strongest growth driver in the segment was Aumann, which grew by 33.6% to 215.3 million in sales with its automation solutions. Aumann’s adjusted EBITDA reached 9.0 million. Delignit was also able to grow sales of 10.3% to 75.3 million with its system solutions based on renewable raw materials. The company’s Adjusted EBITDA increased by 16.9% to 6.6 million.

The Consumer Goods segment was able to increase its sales by 48.5% to 106.7 million. The segment’s adjusted EBITDA increased by 76.8% to 10.1 million. The tissue manufacturer Hanke was able to increase its sales by 66.5% to 69.7 million, which is mainly due to price effects. The mattress manufacturer CT Form Polster accounted for sales of 37.0 million, which corresponds to growth of 23.5%.

In view of the attractive valuation, the MBB Board of Directors decided on February 9, 2023 to launch a share buyback program with a volume of up to 12 million. More than 50,000 shares have already been bought back as part of the program. The Board of Directors will also make the final dividend proposal dependent on the result of the ongoing share buyback program and will announce it at the latest with the invitation to the Annual General Meeting on June 12, 2023.

For the 2023 financial year, MBB expects revenue of 850 900 million with an adjusted EBITDA margin of 9 11%. The background to the sales forecast is Friedrich Vorwerk’s outlook, which, given current capacity limits, assumes lower sales for 2023 than in the previous year. Thanks to the comfortable level of liquidity, MBB believes that it is excellently positioned for further growth through company acquisitions.

The Annual Report 2022 is available at www.mbb.com.

MBB SE

Joachimsthaler Strasse 34

10719 Berlin

Phone +49 30 844 15 330

[email protected]

www.mbb.com

Managing directors

dr Constantine Mang (CEO)

dr Jacob Ammer

Torben Teichler

Chairman of the Board of Directors and Managing Director

dr Christopher Nesemeier

registry court

Berlin-Charlottenburg district court, registration number: HRB 165458