Mühlbauer Holding AG
Mühlbauer Holding english
Q2/2002 report: Significant increase in incoming orders- free cashflow boosted
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Q2/2002 report: Significant increase in incoming orders- free cashflow boosted
Roding, August 13th , 2002 – Muehlbauer Holding AG & Co. KGaA (German SIN
662720) noticed a further stabilization of business activities in the second
quarter. Despite the continued uncertainty in the business environment the key
figures clearly mark the upward trend: The volume of incoming orders show a
significant increase over the previous quarter, whereby the Semiconductor
Related Products segment manifested clear signs of recovery. Due to the upturn
in business activity, earnings before interest and tax (EBIT) for the second
quarter rose to 0.8 million EUR (first half 2002: 1.1 million EUR). In addition
earnings per share increased up to 0.03 EUR (Q1/2002: 0.02 EUR). The volume of
incoming orders in the second quarter was at 22.3 million EUR even 23% above
that of the previous quarter (18.1 million EUR) and only 12% short of the
previous year’s high of 25.3 million EUR. Besides the consistent development of
the Smart ID segment, orders in the Semiconductor Related Products segment were
particularly pleasing, showing encouraging growth based on orders received worth
7.3 million EUR. At 20.7 million EUR sales remained approximately at the same
level as in the previous quarter (21.1 million EUR), representing a decrease of
almost 28% compared with the same period last year. At 38.7 million EUR order
backlog at the end of the first half was about 27 % lower than in the previous
year. Due to long-term working capital management (reduction from 59.2 million
EUR at the turn of the year to 55.9 million EUR in the first quarter and 51.1
million EUR in the second quarter 2002) an impressive free cashflow totalling
9.8 million EUR was realized in the first half year (first quarter 2001: 3.5
million EUR). Also in the second quarter activities of the Muehlbauer group were
mainly determined by the aspect of security and thus of the segment Smart ID.
Thereby the Muehlbauer technology was able to set global standards in the area
of smart labels (TAL 4000). With the admission of the Muehlbauer share to the
Nemax-50 index within the scope of the free float-based re-definition of stock
market criteria on 24 June 2002, Muehlbauer registered a boom in public
interest. For further information the investor relations department is at your
disposal: Armin Polster, Tel.:+49 (9461)-952-653, armin.polster@muehlbauer.de.
end of ad-hoc-announcement (c)DGAP 13.08.2002
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WKN: 662720; ISIN: DE0006627201; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
130759 Aug 02
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