Mühlbauer Holding AG
Mühlbauer Holding english
Fiscal year 2002: Free cashflow improved – stable dividend policy continued
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Roding, March 17, 2003 – Muehlbauer Holding AG & Co. KGaA has completed fiscal
year 2002 with an increase in sales of 2.1% up to 91.3 mill. EUR (previous year:
89.4 mill. EUR). EBIT – including de-preciation of receivables (1.5 mill. EUR)
– amounted to 6.0 mill. EUR (2001: 8.5 mill. EUR), net earn-ings – incl.
extraordinary gains of 0.6 mill. EUR – at 3.5 mill. EUR in 2002 (2001: 5.6 mill.
EUR). Earn-ings per share were 0.20 EUR (previous year: 0.35 EUR). Personally
liable shareholder and supervi-sory board propose a payout of 0.30 EUR per share
to the annual general meeting on April 29, 2003. Outstanding results Muehlbauer
presents in the generation of free cash-flows: Despite less income, operating
cash flow amounts to 23.4 mill. EUR (2001: 15.2 mill. EUR), free cash flow from
-2.2 mill. EUR in 2001 up to +20,5 mill. EUR in 2002. Continuing aggressive
working capital management with reduction to 45.3 mill. EUR (2001: 59.2 mill.
EUR). The balance sheets, including gross cash position of 22.8 mill. EUR (2001:
12.5 mill. EUR), provides financial stability for the realization of strategic
aims, equity ratio further increased from 73.8% in 2001 to 75.9% in 2002. Sales
by applications: Core area smart identification, with an increase of 6%, at
record sales of 50.7 mill. EUR (2001: 47.8 mill. EUR), Semiconductor Related
Products noticed sales of 22.1 mill. EUR, short of last year’s level (24.5 mill.
EUR), while Board Handling noticed at 6.6 mill. EUR (2001: 7.4 mill. EUR.).
Precision Parts & Systems achieved sales of 12.1 mill. EUR (2001: 10.1 mill.
EUR). Regional core market Europe could further be improved with 70.2 mill. EUR.
Sales in Asia with 16.8 mill. EUR (2001: 19.5 mill. EUR) and America with 4.2
mill. EUR (2001: 6.3 mill. EUR) fell due to the difficult economic situation.
Incoming orders: Smart Identification at 43.7 mill. EUR (2001: 58.3 mill. EUR),
Semiconductor Related Products up to 22.7 mill. EUR (2001: 21.9 mill. EUR).
Board Handling at 8.3 mill. EUR (2001: 5.8 mill. EUR) and Pre-cision Parts &
System at 11.2 mill. EUR (2001: 7.7 mill. EUR) with increases of 44.6% and
45.6%. Or-der backlog at the year-end 2002: 31.8 mill. EUR (2001: 48.1 mill.
EUR). Complete annual report 2002 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 17.03.2003
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WKN: 662720; ISIN: DE0006627201; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
170825 Mär 03
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