EANS-Adhoc: Mühlbauer Holding AG & Co.KGaA / Strong core business generates an increase in order income in Q3 - Outlook for the total year adjusted due to special effects affecting earnings and the cy

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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9-month report

29.10.2009

Roding, 29 October 2009 - In Q3 2009, the globally active Mühlbauer
technology group, quoted on the Prime standard, continued to benefit
from its equally attractive and advantageous business model in its
core business area Cards & TECURITY®, and increased order income and
sales significantly in this area year-on-year. At the same time, the
technology leader exceeded the consolidated order income of the same
quarter of the previous year and virtually compensated the
economy-related sales decline in the industry business.

While Mühlbauer achieved sales of EUR 41.7 million (PY: EUR 43.1
million) in Q3 2009, earnings before interest and taxes (EBIT), which
amounted to EUR 4.2 million, adjusted for special effect from further
net allocations to provisions for legal fees in connection with
patent infringement suits that do not impact liquidity was 6.7% lower
than the EBIT for the same period of the previous year (EUR 4.5
million), which was also adjusted due to such special effect. In
relation to sales, the adjusted EBIT margin was thus 10.1%, after
adjusted 10.4% in the same period of the previous year. Including the
above mentioned special effect, the EBIT achieved during the
reporting period totals EUR 2.4 million (PY: EUR 1.5 million),
whereas higher risk provisions of EUR 1.0 million made with regard to
future usability of individual development results in the reporting
period had additionally negative effects to the earnings. Taking into
account the financial result, which improved slightly year-on-year by
EUR 0.1 million and a considerably higher tax rate of 27.0% against
the same quarter of the previous year (12.3%), the increase of which
is primarily due to the value adjustment in respect of capitalized
deferred taxes on loss carryovers of EUR 0.5 million effecting during
the reporting period, net earnings for the period under review
amounted to EUR 1.8 million (PY: EUR 1.3 million). This corresponds
to earnings per share of EUR 0.12 (PY: EUR 0.09). On a nine month
comparison, sales totaled EUR 123.0 million (PY: EUR 130.6 million)
and the EBIT achieved, taking into account all special effects
affecting earnings, amounted to EUR 7.5 million (PY: EUR 16.1
million). Earnings per share thus dropped from EUR 0.87 to EUR 0.36.

While the free cashflow of EUR +7.9 million, achieved alone in the
quarter under review, ensured a significant increase of net liquidity
to EUR 25.2 million, the nine month comparison of cashflow from
operating activities was significantly higher year-on-year at EUR
+35.3 million (PY: EUR 16.4 million). This is largely due to higher
net inflows from the acquisition and disposal of short-term
securities and a further optimization of working capital. Taking into
account the higher investments in fixed assets for the completion of
the new technology centers in the USA and Slovakia effected in the
first half of the year, free cashflow was EUR 1.1 million lower
year-on-year, at EUR +3.2 million (PY: EUR +4.3 million). The equity
ratio declined slightly, from 77.5% to 75.1%, due primarily to the
dividend payment to shareholders in Q2 2009 and the distribution of
profits to the personally liable shareholder effected in parallel.

Based on the increase of orders in the core area Cards & TECURITY®
and in Semiconductor Related Products order income of the Mühlbauer
technology group rose 10.6%, to EUR 44.8 million in Q3 2009 (PY: EUR
40.5 million). On a nine-month comparison order income amounted to
EUR 128.1 million (PY: EUR 142.9 million) so that the discrepancy to
the same period of the previous year declined to -10.4%. To the end
of the reporting period the order backlog recorded a 4.6% increase,
totaling EUR 82.4 million (PY: EUR 78.8 million).

For the remaining financial year, Mühlbauer anticipates a
perpetuation of the positive trend, particularly in the TECURITY®
area, while the industry business, which is slack as a result of the
current economic trend, is providing only minor stimuli, the
sustainability of which cannot as yet be estimated. Even though the
company thus no longer expects to achieve its ambitious goal for the
overall financial year of retaining the same level of sales and
earnings as in the previous financial year - against the background
of the recovery trend in the industry-related sectors that is
affected by economic risk and the special effects affecting earnings
reported in the year under review - Mühlbauer considers itself
excellently positioned to benefit strongly from an acceleration in
demand.

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.

Ende der Mitteilung 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: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade