EQS-News

MBB SE expects one billion euros in revenue with an EBITDA margin of 10% in 2024

EQS-News: MBB SE / Key word(s): Annual Report/Forecast MBB SE expects one billion euros in revenue with an EBITDA margin of 10% in 2024 26.03.2024 / 08:14 CET/CEST The issuer is solely responsible for the content of this announcement. MBB SE expects one billion euros in revenue with an EBITDA margin of 10% in 2024

Berlin, 26 March 2024 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, grew its revenues by 6.5% to €954.6 million in the 2023 financial year. The Group's adjusted EBITDA reached €80.2 million, compared to €93.2 million in the previous year. While the Service & Infrastructure segment experienced a temporary decline in adjusted EBITDA to €47.0 million on almost constant revenues of €481.3 million, the Technological Applications segment grew to €375.7 million in revenues and increased adjusted EBITDA by 74.7% to €28.4 million. The Consumer Goods segment generated revenues of €98.4 million and EBITDA of €5.9 million. The Group's net cash at the end of 2023 was €475.3 million, of which €311.1 million was attributable to the holding company MBB SE.

Friedrich Vorwerk, the largest company in the MBB Group, generated revenues of €373.4 million. The adjusted EBITDA of the energy infrastructure provider fell to €32.0 million, due in particular to increased material and personnel costs for individual legacy projects. The company's EBITDA margin was therefore 7.4% in the first three quarters but rose again to 11.8% in the fourth quarter. At the same time, Friedrich Vorwerk's order intake grew significantly to more than €1 billion, due in particular to the A-Nord order, which will contribute significantly to the company's growth from 2024 onwards. Aumann increased its revenues by 34.5% to €289.6 million and more than doubled its adjusted EBITDA to €21.3 million. IT security provider DTS achieved annual revenues of €108.4 million with adjusted EBITDA of €15.0 million thanks to revenue growth of 18.4% in the fourth quarter.