EANS-Adhoc: Mühlbauer Holding AG & Co. KGaA records significant increases in sales and result in Q3 - Forecast once more revised upwards

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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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quarterly report

02.11.2010

Roding, 2 November 2010 - In Q3 2010, the globally active Mühlbauer
technology group continued the positive business development it has
recorded in all business areas since the beginning of the year and
benefited from the sustained high demand for ID- and RFID-based
system solutions as well as industry-based technology products. The
result is a significant year-on-year sales and earnings increase.
Based on a high order backlog and a gratifying outlook in all
business areas, the Mühlbauer Group has again adjusted its forecast
for the total year notably upwards.

The main reason for the extremely positive quarterly result is the
distinct growth in sales of 30.7% to EUR 54.5 million (PY: EUR 41.7
million), with a comparatively lower cost-of-production ratio. Due to
this gratifying development, gross profit for the reporting period
totals EUR 22.0 million, which is EUR 7.1 million or 47.5% higher
than the gross profit of EUR 14.9 million achieved in the same
quarter of the previous year. Minus the remaining overheads, earnings
before interest and taxes (EBIT) amounts to EUR 11.4 million and is
thus 171.4% higher than the Q3 2009 result (EUR 4.2 million), which
was adjusted for a special effect. This corresponds to a doubling of
the EBIT margin to 20.9% - after adjusted 10.1% year-on-year. Taking
into account the special effect, the EBIT margin in fact rose by a
total of 15.2% points. While earnings before taxes (EBT) climbed to
EUR 11.5 million (PY: EUR 2.4 million), taking into consideration the
slight improvement of financial result by EUR 0.1 million, net
earnings also benefited from the drop of the income tax rate to 19.9%
(PY: 27.0%) and grew strongly - to EUR 9.2 million (PY: EUR 1.8
million). With regard to earnings per share, this amounts to a rise
from EUR 0.12 to EUR 0.63 year-on-year. On a nine-month comparison,
sales total EUR 147.3 million (PY: EUR 123.0 million), while EBIT
adjusted for special effects affecting income amounts to EUR 25.3
million (PY: EUR 11.7 million). Based on sales this corresponds to an
EBIT margin of 17.2% - after 9.5% year-on-year. Taking into account
all special effects, the EBIT achieved in the first nine months of
2010 totals EUR 27.6 million, thus exceeding the EBIT of EUR 7.5
million, achieved in the same period of the previous year, by more
than three and a half-fold. This corresponds to an EBIT margin of
18.7% - after 6.1% year-on-year. Earnings per share have therefore
improved from EUR 0.36 to EUR 1.50.

Adjusted for external cashflows from transactions with short-term
marketable securities (reporting period: EUR -5.9 million; PY: EUR
+18.1 million), cashflow from operating activities for the first nine
months of the current financial year is EUR +25.5 million higher
year-on-year, at EUR +42.7 million (PY: EUR +17.2 million). Despite
higher investments (EUR 18.1 million; PY: EUR 14.0 million), free
cashflow for the first nine months of 2010 is thus at an extremely
positive level of EUR +24.6 million, which is EUR +21.4 million
higher year-on-year (PY: EUR +3.2 million).

As expected, the significant extension of business recorded in the
first nine months led to a 14.4% higher balance sheet total of EUR
201.4 million (PY: EUR 176.1 million). As a result of this
development the equity ratio dropped 4.6% points, to 73.3% -
irrespective of the absolute increase of shareholders´ equity by EUR
10.5 million.

Due to substantial growth in all business areas of the Mühlbauer
technology group order income in Q3 2010 rose 40.2% to a total of EUR
62.8 million (PY: EUR 44.8 million). On a nine-month comparison, the
high increases in orders of preceding quarters led to a new record
high in the company´s order book. At EUR 235.9 million, order income
was 84.2% higher year-on-year. The order backlog to the end of the
reporting period amounted to EUR 155.6 million and was thus 88.8%
higher than the value for the same quarter of the previous year (PY:
EUR 82.4 million).

Even though the further development of the economy is subject to
certain imponderabilities as a result of recent events, the Mühlbauer
technology group is again adjusting its outlook for the whole of 2010
upwards, against the background of the strong order situation
recorded in the first nine months of 2010. It is now expecting to
achieve sales of at least EUR 195 million and an EBIT rate of approx.
18%. Based on the positive business development and the principally
positive expectation of the market, Mühlbauer has initiated
investments to streamline the organization, increase flexibility and
position itself even better for the future. Mühlbauer is planning
investments of approx. EUR 28 million for the year as a whole, of
which EUR 15.9 million were already completed to the end of the
reporting period.

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

Further inquiry note:

Ramona Bemmerl

Investor Relations

+49(0)9461-952-1653

ramona.bemmerl@muehlbauer.de

Branche: Machine Manufacturing
ISIN: DE0006627201
WKN: 662720
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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