Mühlbauer Holding AG
Mühlbauer Holding english
Q3/2002 report: Earnings substantially improved – positive trend continued in Q4
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Roding, November 12, 2002 – As expected, Muehlbauer Holding AG & Co. KGaA (WKN
662720), worldwide leading manufacturer of turn-key solutions for the production
of chip cards and smart labels, continued its positive trend in the third
quarter 2002. Moreover, the pick-up in business activities is evidenced by the
significant rise of the incoming orders at the beginning of the fourth quarter
(October 2002), with 10.5 mill. EUR representing the highest monthly value in
the current fiscal year. With 21.7 mill. EUR for the third quarter, the incoming
orders were not only up almost 50% from the value of the previous year (14.6
mill. EUR), but at the excellent level of the second quarter (22.3 mill. EUR).
In all four business segments the sales closed considerably higher than last
year’s level, leading to a 19% increase of total sales to 22.1 mill. EUR
(previous year: 18.6 mill. EUR). In view of the promising results a considerably
positive trend can be predicted for the course of the year. With 37.8 mill. EUR
the order backlog at the end of the third quarter was about 12% below the high
value of the previous year. Based on an operative result in the amount of 0.6
mill. EUR (previous year: 0.6 mill. EUR), earnings before interest and tax
(EBIT) of 1.7 mill. EUR (previous year: 1.6 mill. EUR) could be achieved.
Adjusted by the effects of the stock options program, an EBIT of 1.6 mill. EUR
arises (previous year: 0.9 mill. EUR), which means an increase of 74%. Earnings
per share (EPS) also could be improved fundamentally and, with 0.06 EUR, not
only exceed the comparable period of the previous year (0.04 EUR) by 50%, but
have even doubled compared with the previous quarter (0.03 EUR). Based on the
considerably reduced working capital in the amount of 51.2 mill. EUR (previous
year: 67.8 mill. EUR), the free cash-flow increased again by September 30th,
2002 and amounts to 11.1 mill. EUR for the first nine months of 2002 (previous
year: – 8.4 mill. EUR). The complete quarterly report can be downloaded on the
homepage www.muehlbauer.de. For further information: Investor relations, Armin
Polster, Tel.:+49(9461)-952-653, armin.polster@muehlbauer.de. Muehlbauer Holding
AG & Co. KGaA, www.muehlbauer.de.
end of ad-hoc-announcement (c)DGAP 12.11.2002
——————————————————————————–
WKN: 662720; ISIN: DE0006627201; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
120852 Nov 02
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found