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Muehlhan AG publishes its nine-month-figures for 2016 (news with additional features)

DGAP-News: Muehlhan AG / Key word(s): 9-month figures
Muehlhan AG publishes its nine-month-figures for 2016 (news with additional
features)

10.11.2016 / 08:18
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Muehlhan AG publishes its nine-month figures for 2016

- Business growth positive, within expectations

- Sales after nine months at EUR188.9 million, EBIT at EUR5.6 million

- Executive Board confirms its sales forecast. EBIT in 2016 at the upper
end of expectations

Hamburg, November 10, 2016 - Muehlhan AG (Entry Standard; ISIN
DE000A0KD0F7) generated sales revenues from January to September 2016 of
EUR188.9 million (previous year: EUR181.9 million) and achieved earnings
before interest and taxes (EBIT) in the amount of EUR5.6 million (previous
year: EUR3.9 million). Business growth is positive and within expectations.
Earnings after taxes were EUR2.9 million for the period (previous year:
EUR1.9 million) and include income of EUR0.2 million from the Singapore
business which is currently being discontinued. The closure process was
nearly completed in the third quarter of 2016.

In geographical terms, Europe showed a slight reduction in sales revenues
of 2% to EUR139.4 mil-lion. Sales in America increased from EUR16.5 million
to EUR20.4 million. The Middle East profited from a large passive fire
protection project and was able to significantly increase sales by 79% from
EUR11.7 million to EUR21.0 million. The business trend in the Rest of the
World was also positive, with sales revenues increasing by EUR1.5 million
to EUR8.0 million.

A breakdown by business segments shows that in the Ship segment sales
declined in the January to September 2016 period due to the completion of
large projects and a more selective choice of follow-up projects to EUR47.0
million (previous year period: EUR74.3 million). The Oil & Gas segment
generated sales revenues of EUR44.6 million, significantly higher than the
previous year's EUR36.4 mil-lion. The Renewables segment nearly doubled its
sales revenues to EUR29.1 million. The Industry/Infrastructure business
also reported significant increases in sales revenues at
EUR68.2 million in the first nine months of 2016 (previous year period:
EUR55.4 million).

Considering the foreseeable factors that may influence results, the
Executive Board confirms its forecast for fiscal year 2016 and forecasts
constant sales revenues in comparison to the previous year. EBIT is