euro adhoc: Mühlbauer Holding AG & Co.KGaA / Financial Figures/Balance Sheet / 'Ad-hoc message pursuant to § 15 WpHG' Mühlbauer: Sales continue on seamlessly from previous quarters - non-recurrent ex

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9-month report

29.10.2008

Roding, 30 October 2008 - The Mühlbauer technology group, a globally
active independent consultant and manufacturer of innovative security
solutions for the TECURITY® market, has fared comparatively well, in
view of the difficult economic environment. While order income for
the reporting period declined year-on-year, due to the volatile
project business, which is usual for such business areas, company
sales continued on seamlessly from previous quarters and even
exceeded the year-on-year sales slightly. Earnings before interest
and taxes (EBIT) achieved in Q3 2008, were, however, significantly
lower year-on-year mainly as a result of a one-time charge, while the
EBIT achieved over the first nine months still considerably exceeded
the value for the same period of the previous year.

Mühlbauer achieved sales of EUR 43.1 million (PY: EUR 41.5 million)
in Q3 2008, 3.9% more year-on-year, due largely to an increase of
21.6% in its core business area Cards & TECURITY®. In contrast, the
EBIT of EUR 1.5 million (PY: EUR 5.8 million), achieved in the
quarter under review, was significantly lower year-on-year, primarily
due to a non-recurrent expenditure for the formation of accruals in
respect of the defense of legal proceedings, so that the EBIT ratio
dropped to 3.6% (PY: 14.1%) in Q3 2008. EBT also totaled EUR 1.5
million (PY: EUR 6.0 million), while the net income for the period
amounted to EUR 1.3 million (PY: EUR 5.0 million) after deducting tax
expenses. This corresponds to earnings per share of EUR 0.09 (PY: EUR
0.37). In the nine month comparison, accumulated sales rose 22.5%, to
EUR 130.8 million (PY: EUR 106.8 million) and the EBIT increased to
EUR 16.1 million (PY: EUR 13.6 million). In the same period, earnings
per share climbed 17.6%, from EUR 0.74 to EUR 0.87.

As a result of the extension of business, working capital rose EUR
7.4 million, to EUR 53.5 million, while free cashflow underwent a
year-on-year upturn of 48.3%, amounting to EUR +4.3 million (PY: EUR
+2.9 million), irrespective of the scheduled higher investment
expenditure. The equity ratio dropped from 81.2% to 77.4%, due to the
dividend distribution in Q2.

In Q3 2008, the order book of the Mühlbauer Group totaled EUR 40.5
million (PY: EUR 46.9 million) thus lagging the same quarter of the
previous year by 13.6% - largely due to the usual volatility of the
project business, in particular in the core business area Cards &
TECURITY®. On a nine month comparison, the order income of the
Mühlbauer Group exceeds the year-on-year value by 16.4% at EUR 142.9
million (PY: EUR 122.8 million). At the end of the reporting period,
the order backlog was still high at EUR 78.8 million (PY: EUR 88.2
million).

Irrespective of the fact that Mühlbauer is anticipating an increase
in sales and a positive trend in earnings for the total year 2008, it
is difficult to predict to which extent the business trend will be
negatively affected by the subsequent economic downturn. As a result
of the unbroken interest in technology solutions from the core
business area Cards & TECURITY® and Mühlbauer's excellent
positioning, the company is currently at most assuming a temporary
delay in demand. In the business area Semiconductor Related Products,
it is Mühlbauer´s goal to further extend its technological lead and
market position in industries that do not necessarily mirror the
cyclicity of the general semiconductor market. Whereas demand for
systems in the business area Traceability has settled down, it is to
be expected that Precision Parts & Systems will at least retain its
current level of business development in Q4.

Contact and additional information: Investor Relations, Tilo
Rosenberger, Tel.: +49 (0) 9461-952-1653, Fax: +49 (0) 9461-952-8520,
investor-relations@muehlbauer.de, Mühlbauer Holding AG & Co. KGaA,
Josef-Mühlbauer-Platz 1, 93426 Roding, Germany, www.muehlbauer.de.

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

Further inquiry note:

Hubert Forster

CFO

+49(0)9461-952-1141

hubert.forster@muehlbauer.de

Branche: Machine Manufacturing
ISIN: DE0006627201
WKN: 662720
Index: Nemax 50, CDAX, Prime All Share, Technologie All Share
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