EANS-Adhoc: Mühlbauer posts significant increase in turnover and result in the first quarter of 2011 - positive overall outlook for 2011 confirmed

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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

04.05.2011

Roding, May 04, 2011 - The Mühlbauer technology group has had a
successful start in the current business year. Due to the high order
backlog at the close of the previous business year and the additional
orders acquired in the quarter under review, turnover and result were
significantly higher in the reporting period than in the same period
last year. The company remains optimistic for the further course of
the year. Based on an order from late April 2011 with a project
volume of over 20 million USD for another national ID card project,
for which the solutions provider had awarded the contract already in
the reporting period, and based on the continuing positive prospects
in the government-related TECURITY® market and in the area of
RFID-based applications, Mühlbauer continues to expect this year's
turnover and result to increase in comparison to last year.

In the first quarter of 2011, the consolidated turnover of the
Mühlbauer technology group amounted to 49.5 million EUR (previous
year: 29.4 million EUR). This equals an increase by 67.8%, a result
to which all business areas without exception made their
contribution. The positive business development is also reflected in
the result. Backed by result-relevant special effects, earnings
before interest and taxes (EBIT) climbed to 9.8 million EUR in the
reporting period, surpassing the 1.8 million EUR achieved in the same
period last year by a factor of almost 4.5. This corresponds to an
EBIT margin of 19.9%, after a mere 6.2% in Q1 last year. In the
reporting period, the solutions provider earned 7.4 million EUR after
taxes, exceeding the 2.1 million EUR surplus achieved in Q1 2010 by a
factor of over 3.5. The profit per share amounted to 0.51 EUR in the
reporting period, after 0.14 EUR in the same period last year.

Also the free cashflow increased considerably. Important for the
company's self-financing power, the free cashflow of the solutions
provider, backed by the huge quarterly result and a clear drop in
working capital, amounted to +13.8 million EUR despite higher
investment costs compared to the previous year. Compared to the same
period last year (+1.3 million EUR), this value corresponds to an
increase by +12.5 million EUR.

The consolidated order inflow of the Mühlbauer Group amounted to 48.2
million EUR in Q1 2011, which was 57.7% less than the 113.9 million
EUR achieved in the same period last year. Reason for this
significant decrease was a large order in 2010 with a volume of 64.2
million EUR that caused the order inflow in the core field of
business of Cards & TECURITY® to rise by 118.2% to reach 113.9
million EUR. After the demand in the reporting period focused mainly
on technological solutions for applications in the banking and
telecommunications areas, order inflow dropped to 24.5 million EUR.
This equals a decrease by 78.5%. Although the business area of
Semiconductor Related Products, mainly driven by automation solutions
for RFID Smart Label production and the Backend area, posted a drop
in order inflow by 10.0% in a quarter-to-quarter comparison to reach
15.2 million EUR, this constitutes a solid result compared to the
above-average 16.9 million EUR of last year. As expected, the order
situation in the business area of Precision Parts & Systems improved
significantly. Here, the order inflow, on the rise for four quarters
now, not only resulted in a further increase of the order volume by
46.6%, from 5.8 million EUR last year to 8.5 million EUR in the
reporting year, but at the same time reached a new all-time high in
the company's history. At the close of Q1, the consolidated order
backlog of the globally operating solutions provider amounted to
155.1 million EUR, slightly exceeding the 154.6 million EUR of the
same period last year.

The Mühlbauer technology group considers itself in a very good
position as a globally unique system partner for the complete
technology and know-how transfer of its own solutions for the
production of electronic ID documents. On the one hand, the core
business Cards & TECURITY® should further benefit from the
implementation of innovative electronic passports and ID documents.
On the other hand, rising demand for mobile phone cards and
innovative card solutions in the banking sector also offers a high
potential. Also in the Semiconductor Related Products sector, the
company sees itself in an optimal position in the medium and long
term. Mühlbauer's positioning in less volatile niche markets
reinforces this tendency. Therefore, the technology group continues
to expect turnover and result of the full year to increase in
comparison to the previous year. Risks that may have a negative
influence on these expectations are primarily due to the
traditionally imponderable and project-laden nature of the government
business.

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

Further inquiry note:

Thomas Janker
Investor Relations
+49(0)9461-952-1653
thomas.janker@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
Hamburg / free trade
Stuttgart / free trade
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München / free trade