DGAP-News

Muehlhan AG: Quarterly Results Q3 - 2013 - Seite 2

generated sales of EUR 29.7 million (prior year: EUR 31.4 million). Despite
this decline, taking into account the major repair order in 2012 mentioned
above, recovery can be seen in this sector. In the Energy segment, sales
reached a total of EUR 35.4 million compared with EUR 33.3 million in the
prior year. This included significant increases in sales in the offshore
oil and gas subdivision. The Industry segment managed to push up sales by
more than 50%, to EUR 37.8 million (prior year: EUR 24.9 million). This
increase is largely due to the expansion of the bridge coating business.
Sales in Other Services amounted to EUR 28.7 million, an increase of EUR
1.4 million on the same period of the prior year (EUR 27.3 million). This
improvement comes as a result of increased scaffolding sales.

Outlook: Taking into account all influencing factors, the Executive Board
reaffirms its forecast as set out in its interim report for the first six
months of 2013, albeit within a somewhat reduced range. For 2013, it
anticipates total sales of between EUR 195 million and EUR 200 million and
earnings before interest and taxes (EBIT) in the range EUR 3.0 million to
EUR 4.5 million.

The following table contains the company's key figures:


in kEUR 9 Month 9 Month 3rd 3rd
2013 2012 quarter quarter
2013 2012
Sales 152,544 137,838 56,321 47,913
EBITDA 9,109 8,805 4,103 3,791
EBIT 4,970 4,153 2,708 2,321
EBT 3,510 2,470 2,212 1,810
Earnings per share (in EUR) 0.12 0.06 0.07 0.06
Consolidated earnings after non- 2,332 1,177 1,298 1,042
controlling interests
Cash flow 8,844 8,307 3,918 3,202
Investments for fixed assets 4,412 3,831 1,093 1,165
Depreciation 4,139 4,652 1,395 1,470



30. September 2013 31. December 2012
Fixed assets 42,377 42,369
Equity 59,251 57,761
Balance sheet total 111,058 113,547
Headcount (average) 2,273 2,266



About Muehlhan:
Worldwide, the Muehlhan Group is a reliable partner for industrial services
and high-quality surface protection. As one of the few full-service