DGAP-News

Muehlhan AG: Muehlhan reports an increase in sales and earnings at the end of the first half of 2014 - Seite 2

passive fire-proofing and other surface-protection services. During the
first half of 2013, sales stood at EUR 26.0 million, a EUR 2.0 million
increase over the prior-year period; this was primarily attributable to an
increase in the fire-protection segment. The Other Services business
segment, which consists mainly of steel construction work for maritime and
industrial customers and scaffolding and access services, continued to
improve. Altogether, sales revenues in this business segment totaled EUR
20.7 million and were therefore higher than sales revenues for the first
half of 2013 (EUR 18.1 million).

Outlook
The Executive Board is standing by its published forecast for 2014, with
earnings before interest and taxes (EBIT) of between EUR 3.5 and EUR 6.5
million.

Important company figures:

in kEUR                                                 1st half   1st half



                                                         of 2014    of 2013

Sales                                                    106,670     96,223

EBITDA1                                                    5,576      5,007

EBIT2                                                      3,005      2,263

EBT3                                                       2,133      1,299

Earnings per share (EUR)                                    0.06       0.05

Consolidated earnings after non-controlling interests      1,044      1,034

Cash flow                                                  5,863      4,926

Investments for fixed assets                               5,059      3,319

Depreciation and amortization                              2,571      2,744

in kEUR                                  30.06.2014              31.12.2013

Balance sheet total                         115,343                 112,744

Fixed assets4                                42,229                  39,749

Equity                                       59,367                  58,303

Average number of employees                   2,620                   2,390

1 EBITDA: Earnings before interest, taxes, depreciation and amortization
2 EBIT: Earnings before interest and taxes
3 EBT: Earnings before taxes
4 Fixed assets: Total of non-current assets less deferred tax assets

About Muehlhan:

As one of the few full-service providers in its industry, the Muehlhan

Group

offers its customers a broad spectrum of industrial services and high-

quality surface protection. Our very strong organizational skills, in-depth

technical expertise and more than 130 years of experience enable us to

satisfy our customers' exacting quality requirements. We offer top-rate

solutions for surface protection, scaffolding and steel construction in our

Ship Newbuilding, Ship Repair, Energy, Industry and Other Services business

segments. With more than 2,300 employees at over 30 locations worldwide, we

generated EUR 208 million of sales revenues in 2013. We will continue to

focus our efforts on steadily improving our technologies and services while

actively developing new markets in order to continue expanding our business

going forward.



For further information about the company visit the website at

www.muehlhan.com.

Contact information: Muehlhan AG; Tel: [phone]; E-Mail:

[e-mail]

30.07.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Frankfurt in Open Market (Entry Standard)

End of Announcement DGAP News-Service

---------------------------------------------------------------------------