Mühlbauer Holding AG
Mühlbauer Holding english
1st quarter 2003: Muehlbauer with significant growth in difficult environment
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Roding, April 28, 2003. – Muehlbauer Holding AG & Co. KGaA, Roding (SCN 662720)
posted significant growth in the first quarter despite a difficult environment.
Primarily due to enhanced efficiencies related to manufacturing costs, the
technology group significantly improved its earnings power in the first quarter
2003, achieving 1.0 mill. EUR EBIT growth amounting to 1.3 mill. EUR (previous
year: 0.3 mill EUR). This corresponds to a 5.5% EBIT margin (Q1/2002: 1.6%).
Group net income increased to 0.9 mill. EUR from 0.5 mill. EUR in the prior year
quarter, earnings per share trebled to 0.06 EUR (previous year:0.02 EUR). Sales
of 22.8 mill. EUR, increase of 8.4% in comparison to last year’s quarter (21.0
mill. EUR). Highest percentage increase at Traceability (previously Board
Handling) with 161.4%, followed by Semiconductor Related Products with 151.6%.
Regionally, Mühlbauer reported the strongest sales increase in Asia (+1.25
million EUR) and Africa (+1.13 million EUR). With increase of 0.06 mill. EUR in
European core market nearly steady development compared to the previous year’s
quarter. Incoming orders amounted to 23.3 mill. EUR, up 28.4% compared to the
prior year quarter (18.1 mill. EUR). Particularly Semiconductor Related Products
benefited from strengthened demand and noted an increase of 134.6%. Order
backlog on March 31, 2003: 29.7 mill. EUR (previous year: 41.2 mill. EUR),
currently at 35.1 mill. EUR. In addition, increase of the equity ratio up to
77.0% by March 31, 2003 (Dec. 31, 2002: 75.9%). The continued focus on the
security industry remained an overriding issue. Primary emphasis was placed on
the enhancement of existent machine solutions as well as the new development of
automation systems for the manufacture of innovative, security-oriented ID
solutions. The latest personalization system “SCOPE 5400” introduced at CeBIT
2003 enables the ID card and EMV card production of small and large lot sizes.
Based on a value-added chain, which is unique to the industry, the generation of
additional markets as well as profitable growth are being targeted through
organic growth as well as alliances and strategic acquisitions. Complete
quarterly report Q1/2003 at www.muehlbauer.de. Further information at Investor
Relations, Armin Polster, Tel. +49 9461 952-653, investor-
relations@muehlbauer.de, Muehlbauer Holding AG & Co. KGaA.
end of ad-hoc-announcement (c)DGAP 28.04.2003
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WKN: 662720; ISIN: DE0006627201; Index: NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
280758 Apr 03
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