EANS-Adhoc: Mühlbauer posts new record high in sales in 2012 Sales at the highest level in history of the company — higher costs of sales impact on operating income — distribution of dividends of EUR

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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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Financial Figures/Balance Sheet/annual report
20.03.2013

Roding, 20th March 2013. The Mühlbauer technology group can look
back at an intense and demanding year marked by critical scrutiny of
its own internal group processes and the systematic, future-oriented
alignment of workflows and procedures. Even though the results
produced during the reporting year may not have met expectations,
revenue did increase in spite of the many measures initiated, and the
foundation for a successful future has been laid. Based on forecast
market trends, the Mühlbauer technology group is anticipating a
further in-crease of sales and better results for the next two years
in comparison to the last year.

Sales and results. Based on the high order backlog from 2011, the
solution provider once again ramped up sales in the past year,
despite the primarily project-related decline of order income and, at
EUR 237.1 million, achieved a sales plus of EUR 23.9 million or 11.2%
year-on-year (PY: EUR 213.2 million). This represents a new record
high in the more than thirty-year history of the Group. This is a
result of the increase of sales in the business lines Cards &
TECURITY® (+10.6%) and Semiconductor Related Products (+16.6%). Only
the business line Precision Parts & System was 1.5% lower than in the
previous year due to the clouding of the global economy in the past
year and the increasing price war. The depreciations-related rise in
material costs and the higher depreciations associated with continued
investment activities resulted in significant higher cost of sales in
relation to sales. As a result, gross profit at EUR 68.9 million
clearly undershot the previous years' result (EUR 82,3 million), by
EUR 13.4 million, so that with EUR 15.6 million the operating income
achieved by the Mühlbauer technology group within the year under
review was also considerably lower year-on-year (PY: EUR 28.1
million). Taking into account a drop in financial result of EUR 0.5
million and a decline in income tax expenditure of EUR 3.6 million,
this results in earnings after tax of EUR 12.6 million (PY: EUR 22.0
million). Correspondingly, earnings per share fell from EUR 1.51 in
the previous year to EUR 0.84 in the year under review.

Cashflow. Despite the lower net income for the year, free cashflow
rose to EUR 17.9 million, due in particular to the reduction of
working capital and the slight drop in outflows for investments -
after a minus of EUR 4.6 million year-on-year.

Order income and order backlog. The downturn in orders in the core
business area Cards & TECURITY® caused by the volatility typical of
the project business, as well as the decline in business in Precision
Parts & Systems could not be fully compensated by the strong order
situation in Semiconductor Related Products. Consequently, order
income dropped from EUR 260.8 million in 2011, by EUR 14.1 million or
5.4% to EUR 246.7 million. As a result, at EUR 192.0 million, the
order backlog also declined slightly and was EUR 9.4 million or 4.7%
under the level of 2011 (PY: EUR 201.4 million).

Dividend proposal. Mühlbauer has conducted a reliable and sustainable
dividend policy since its IPO in 1998, from which it has not deviated
even in difficult times and does not intend to deviate from in
future. Thus, the personally liable shareholder and the Supervisory
Board wish to once again extend their gratitude to the shareholders
who remained loyal to the Group despite the result achieved in the
past year, which did not quite meet the Group's expectations. They
will therefore propose the distribution of a dividend of EUR 1.00
(PY: EUR 1.00) per no-par value in respect of the 2012 financial year
to the Annual General Meeting.

Outlook. Based on forecast market trends, the Mühlbauer technology
group is anticipating revenue that will continue to increase over the
next two years. The measures already taken in the previous year to
break away from the beaten path, to embark on new pathways, and to
increase efficiency in order to get the company into good shape for a
successful future will continue to be pursued with diligence. For
this year, we are anticipating better results than in the fiscal year
just passed and for the following year we are expecting further
growth. We believe risks capable of having a negative impact on our
expectations may be present in particular in the uncertainties
traditionally inherent in doing business with governments together
with the heavy dependence on projects in this area, as well as in
gloomy industrial and/or economic prospects outlooks. Investment
spending will be somewhere between EUR 15 and 20 million in the
coming year.

Further inquiry note:
Benedikt Geißler
Investor Relations
Tel.: +49 9461 952 - 1653
E-Mail: investor-relations@muehlbauer.de

end of announcement euro adhoc
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issuer: Mühlbauer Holding AG & Co.KGaA
Josef-Mühlbauer-Platz 1
D-93426 Roding
phone: +49(0)9461-952-1653
FAX: +49(0)9461-952-8520
mail: investor-relations@muehlbauer.de
WWW: http://www.muehlbauer.de
sector: Machine Manufacturing
ISIN: DE0006627201
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English