DGAP-News

Muehlhan AG publishes figures for the first nine months of 2015 - erratum publishing date - Seite 2

(prior-year period: EUR11.5 million) was driven primarily by transformer
platforms for offshore wind farms in Germany and Great Britain and the
start-up of turbine production for the latest generation of offshore wind
facilities in Denmark.

The Industry and Infrastructure business posted EUR55.4 million of sales
revenues between January and the end of September 2015, compared with
EUR54.3 million for the same period in 2014.

Outlook
Considering foreseeable factors that may influence results, the Executive
Board confirms its outlook for fiscal year 2015, forecasting earnings
before interest and taxes (EBIT) at the lower end of the target range of
EUR4.0 to EUR6.0 million.

The Company's key financial indicators are shown in the following table:

in kEUR                            9 months  9 months        3rd        3rd
                                       2015      2014    quarter    quarter
                                                            2015       2014
Sales                               181,928   165,702     63,496     59,032
EBITDA1                               8,897     9,595      2,692      4,019
EBIT2                                 3,861     5,851        894      2,846
EBT3                                  2,446     3,960        380      1,827
Earnings per share (EUR)               0.06      0.09       0.01       0.03
Consolidated earnings after non-      1,190     1,607        209        564
controlling interests
Cash flow                             7,905    10,807        876      4,944
Investments in fixed assets           7,821     9,887      2,719      4,828
Depreciation                          5,036     3,743      1,798      1,172

                              September 30, 2015        September 30, 2014
Balance sheet total                      139,153                   124,850
Fixed assets4                             52,647                    46,169
Equity                                    64,654                    61,981
Employees (on average)                     2,823                     2,661

1 EBITDA: Profit from operations and depreciation
2 EBIT: Profit from operations
3 EBT: Earnings before taxes
4 Fixed assets: Total of non-current assets less deferred tax assets

About Muehlhan: Worldwide, the Muehlhan Group is a reliable partner in
industrial services and high-quality surface protection. As one of the few
full-service providers, we offer our customers a broad range of services
designed to meet the exacting quality standards expected in professional