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MBH CORPORATION SEES HUGE GROWTH IN TRAINING COMPANIES ADAPTING TO A CHANGING BUSINESS WORLD

DGAP-News: MBH Corporation Plc / Key word(s): Miscellaneous MBH CORPORATION SEES HUGE GROWTH IN TRAINING COMPANIES ADAPTING TO A CHANGING BUSINESS WORLD 04.05.2022 / 12:16 The issuer is solely responsible for the content of this announcement.

4 May 2022, London: MBH Corporation plc (MBH), a diversified investment holding company, has seen its portfolio of training companies report robust growth this year, fuelled by a huge increase in online sales and a growing skills shortage caused by Brexit.

MBH Corporation owns 28 companies, nine of which are focused on the training sector and are based in the UK. Four of these companies were acquired in 2020 during the worst of the Coronavirus crisis.

The nine training companies, which include Acacia Training, Logistica and Academy 1 Group, and which cover everything from vocational qualifications, health and social care to sports and fitness training, saw combined 2021 audited statutory revenue increase to £13.5m which is an increase of 87% when compared to the same period last year.

MBH Corporation expects many companies to increase their expenditure on the training of staff as they look to tackle the UK’s worsening skills shortage, growing social mobility gap, and better managing an ageing workforce. It says some of these issues have been exacerbated by Brexit with many EU citizens leaving the UK. All of this means quality skills and training provision are becoming increasingly important for employers and the UK government.

Callum Laing, CEO of MBH Corporation: “In many ways, the Coronavirus crisis has transformed the training industry. More courses are now conducted online, which means more people can train, and companies in the sector have become more digitised, which has resulted in greater efficiencies and in some areas better customer service.

Our portfolio of training companies contributes around 12% of our overall revenue, and with strong market prospects, we expect this to increase.”

MBH recently posted a significant 94% growth in revenue in 2021 (Financial year ending 31 December 2021). Furthermore, earnings before interest and taxes (“EBIT”) increased by 224% to £5.2 million.