euro adhoc: Mühlbauer Holding AG & Co.KGaA / quarterly or semiannual financial statement / 'Ad-hoc message pursuant to § 15 WpHG' Positive start in new financial year - significant increase in sales a

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02.05.2006

Roding, May 03, 2006 - With a 48.3% increase in sales over the same
quarter of last year, the Mühlbauer technology group quoted on the
Prime Standard and world-wide active system provider for the
manufacture of innovative security solutions for the TECURITY market
made a positive start in the new financial year.

While sales came in at EUR 37.3 million (25.2), gross profits on
sales reached the expected above-average growth: With a volume of EUR
17.5 million, gross profits on sales was 62.5% up on last year's EUR
10.8 million. While the EBIT climbed YoY from EUR 2.4 million to EUR
7.9 million, earnings before taxes worth EUR 8.5 million more than
tripled YoY (2.7) due to the positive trend in financial result (EUR
0.6 million, previous year EUR 0.3 million). Q1 pretax profit margin
consequently showed a positive performance and amounted to 22.8% -
after 10.7% in the year before. After taxes another EUR 5.6 million
(1.9) can be transferred to retained earnings. This equals a ratio of
earnings per share of EUR 0.39 (0.13).

Free cashflow decreased from EUR +5.3 million in the previous year to
EUR +1.5 million during the reporting period. The main reasons for
this is a higher degree of capital commitment for accounts
receivables and scheduled advance tax payments. In the course of the
increased volume of business, net working capital rose, as was to be
expected, from EUR 22.9 million to EUR 29.8 million. At the end of
the reporting period, the equity ratio stood at 74.6% and only
remained slightly below the level of last year (76.2%).

The order books of the Mühlbauer technology company showed a positive
trend during the first three months of the current reporting period:
The order income in the first quarter amounted to EUR 37.8 million
and was another 5.3% higher than last year's quarter (35.9). The
order backlog at the end of the reporting period stood at EUR 80.8
million and was 4.7% higher than the comparable value of last year
(77.2).

Backed by full order backlog at the beginning of the current
financial year and the ongoing demand in Q1 for technology solutions,
Mühlbauer made a successful start in the new financial year. The
contract awarded in the reporting period for another ePassport
project testifies to Mühlbauer's high competence in the highly
sensitive market for digital security and also recommends the company
to be a future partner for even more governments and public
authorities. Should the expectations of many market participants be
met and the actual unbalance between the trend of supply and demand
for RFID Smart Labels be regulated in the second half of the year,
the Mühlbauer Group see a way to continue our above-average gains in
this growth market and to further enhance the volume in the company's
SmartID core business owing to its comprehensive technology portfolio
and its excellent position in the market. Due to the fact that
Mühlbauer is specializing in particular market niches in the
semiconductor industry, the company considers itselves to be
optimally positioned to generate above-average profits from the
general trend under the provision that the order volume in
Semiconductor Related Products during the past two quarters shows
consistency.

The figures in brackets represent the comparable period of last year,
if not stated otherwise. Please find the complete quarterly report on
the Internet at www.muehlbauer.de.

Contact and additional information: Investor Relations, Tel.: +49 (0)
9461-952-653, Fax: +49 (0) 9461-952-8520,
investor-relations@muehlbauer.de, Mühlbauer Holding AG & Co. KGaA,
Werner-von-Siemens-Str. 3, D-93426 Roding, www.muehlbauer.de.

end of announcement euro adhoc 03.05.2006 07:00:00
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ots Originaltext: Mühlbauer Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Hubert Forster
CFO
+49(0)9461-952-141
hubert.forster@muehlbauer.de

Branche: Machine Manufacturing
ISIN: DE0006627201
WKN: 662720
Index: Nemax 50, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
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