EANS-Adhoc: Mühlbauer Holding AG & Co.KGaA / All time high in order backlog due to high level of order growth in all business areas - marked sales and earnings increase expected as of Q2 2010

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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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3-month report

27.04.2010

Roding, 27 April 2010 - Based on an increase in orders in all
business areas and a large-scale order in Cards & TECURITY® placed
during the reporting period, in Q1 the globally active Mühlbauer
technology group kicked off the 2010 financial year extremely
positively with the highest order income in the history of the
company. While sales and earnings have not yet benefited from this
good development - as expected - the strong rise in order backlog to
the end of the reporting period, borne in equal share by the robust
government business and the significant increase in the industry
business, is fueling expectations of a distinct rise in sale and
earnings growth as of the second quarter.

In Q1 2010 sales of the Mühlbauer technology group were 22.8% lower
year-on-year, at EUR 29.4 million (PY: EUR 38.1 million) due to the
recession-related slump in the industry business and project-related
order fluctuations in the government business of the previous months,
while - taking into account a special effect from the discontinuation
of liabilities of EUR 2.0 million in connection with the settlement
of patent disputes - EBIT at EUR 1.8 million was, largely due to the
lower level of sales and comparatively higher manufacturing costs,
23.4% lower than comparable value of the previous year (EUR 2.4
million), which was affected by a special effect from the formation
of such obligations at a level of EUR 1.0 million. This corresponds
to a virtually stable year-on-year EBIT margin of 6.2% (PY: 6.3%).
Taking into consideration a slightly improved financial result of EUR
+0.7 million (PY: EUR +0.5 million) and a tax income of EUR 0.2
million posted in the reporting period (against expenses of EUR 0.6
million for the same period of the previous year), the Group achieved
net earnings for the period under review of EUR 2.1 million - against
EUR 1.8 million year-on-year. At the same time, earnings per share
rose to EUR 0.14 (PY: EUR 0.12).

In the first three months of the current financial year, at EUR +7.7
million (PY: EUR +2.7 million) cashflow from operating activities
significantly exceeded the level for the same period of the previous
year, due largely to cashflow of EUR 1.8 million from the disposal of
short-term securities. In the previous year this value was impacted
by a balance of payments of EUR 3.4 million from the acquisition and
the disposal of such securities. Taking into consideration the
outflow from investment activities of EUR 4.6 million, which was
markedly lower than in the previous year (PY: EUR 6.4 million) and
the reduction of trade accounts receivable, the technology group
achieved a free cashflow of EUR +1.3 million in the quarter under
review, which is EUR 1.7 million higher year-on-year (PY: EUR-0.4
million). Shareholders` equity dropped slightly, from 77.9% to the
end of the year to 77.4% to the end of the first quarter.

With a consolidated order income of EUR 113.9 million, Mühlbauer more
than doubled the comparatively high value of the previous year (PY:
EUR 52.2 million) and achieved growth of 118.2%. The company´s core
area Cards & TECURITY®, which benefited from a large-scale order
worth EUR 64.2 million, was the greatest contributor to order income
and recorded an increase of 124.6% to EUR 91.2 million (PY: EUR 40.6
million). Moreover, order volumes in the business areas Semiconductor
Related Products and Traceability doubled as a result of the
increased investment activities on the respective markets. Thus,
order income in Semiconductor Related Products climbed to EUR 15.2
million (PY: EUR 7.6 million) due to the greater demand for both
semiconductor backend and Smart Label systems, while Traceability
exceeded the value for the same period of the previous year by
112.5%, at EUR 1.7 million (PY: EUR 0.8 million). Even in Precision
Parts & Systems, the gradually increasing propensity to invest and
the measures for the reinforcement of sales activities introduced in
the previous year have produced results leading to a significant
increase of order income: year-on-year, order income rose by 81.3% to
EUR 5.8 million (PY: EUR 3.2 million). To the end of the first
quarter the order backlog of the globally active technology group
totaled EUR 154.6 million (PY: EUR 94.7 million), which is 63.3%
higher year-on-year.

Although the government-related project business can naturally be
subject to fluctuations and it cannot be fully excluded -
irrespective of the recent recovery in industry business - that the
observed positive development may not prove sustainable against the
background of the latent risk of a permanent economic recovery, the
technology group confirms its outlook for the whole of the year of
bringing about a year-on-year sales and earnings increase, as a
result of the considerable order growth and the continued positive
trend in its core area Cards & TECURITY®.

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: CDAX, Prime All Share, Technology All Share
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