DGAP-Adhoc
MBB SE increases revenues by 15% in the first quarter with lower EBITDA margin
DGAP-Ad-hoc: MBB SE / Key word(s): Quarterly / Interim Statement
Disclosure of inside information acc. to Article 17 MAR |
Berlin, 13 May 2022 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, increased its revenues by 14.6% to €172.2 million in the first quarter of 2022. Due to supply chain bottlenecks as well as temporary ramp-up and integration costs, adjusted EBITDA declined from €19.6 million to €14.9 million in the same period. This led to an adjusted EBITDA margin of 8.6%. For the full year 2022, MBB continues to expect revenue of more than €740 million with an EBITDA margin of at least 10%.
In the Service & Infrastructure segment, Friedrich Vorwerk increased its revenue by 11.2% to €58.4 million. The company's order intake increased by 90.1% to €124 million in the first quarter, thus reaching a new record level. Due to various simultaneous project ramp-ups and the ongoing integration of the Puhlmann Group, the EBITDA margin was down on the previous year at 15.5%. DTS, an IT security specialist, grew very significantly by 39.8% in the first quarter, generating revenues of €25.8 million. At the same time, DTS increased its EBITDA by 58.0% to €4.7 million. Together, the two companies of the segment achieved revenues of €84.2 million with EBITDA of €13.8 million.
In the Technological Applications segment, Aumann grew its sales by 23.2 % to € 44.9 million in the first quarter. Order intake reached €82.5 million, up 63.3% on the already strong prior-year figure. Aumann's adjusted EBITDA margin rose to 3.0% in the same period. Despite continued strong market demand, Delignit was again affected by the ongoing disruptions in the automotive supply chain in the first quarter, resulting in a decline in revenue and profitability. OBO, which specializes in tooling products, significantly increased both its revenue and EBITDA.