DGAP-News

MBH CORPORATION BEGINS TRADING ON THE OTCQX TO SUPPORT US BASED INVESTORS - Seite 2

Callum Laing, CEO, MBH Corporation Plc, commented: "We have seen strong demand both from investors and from the many incredible small businesses that we have been talking to in the US. The first US companies joined us in September which attracted further interest from the types of companies that we are looking for. MBH has strong values of trust, collaboration and velocity and the companies we attract are generally owner operated, well established, profitable and looking to take the business to the next level. I am pleased to say that even with the challenges of this year we have been inundated with great American companies matching that criteria. This has also attracted interest from many US investors and joining OTCQX will allow us to serve them more effectively."

MBH Corporation recently published its half year results for 2020, which revealed revenue growth of 31% to GBP27.4 million (1H 2019: GBP21.0million) and a stable net profit of GBP0.7 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 13% to GBP1.5 million (1H 2019: GBP1.3 million).

MBH currently has 22 very successful and profitable small businesses in its portfolio and will continue its highly focused growth of well-established profitable small businesses across multiple geographies and industries.

MBH companies carry minimal debt, deliver around US$1m - US$10m EBITDA and are generally still run by their founders who become co-owners of MBH.

By leveraging its unique Agglomeration(TM) strategy, MBH can create substantial shareholder value through the consistent and accretive acquisition of excellent companies. With Agglomeration(TM), profitable companies convert their private shares into public shares or bonds in MBH Corporation plc in a perpetual earn-in model. Company owners are then incentivised to accelerate their growth trajectory using the resources of the plc including expertise, skill transfer of best in class practices, cross-selling to other group companies and where appropriate, zero cost funding for new growth projects.