Brief: MBB SE FY Adjusted EBITDA Up 24.1% To EUR 67.7 Million

MBB SE

03/03/2020 07:11

March 3 (Reuters) - MBB SE  MBBG.DE :
    * SIGNIFICANTLY EXCEEDS FORECAST IN 2019 WITH REVENUES OF
€592
MILLION AND ADJUSTED EBITDA OF €68 MILLION, AND IS EXPECTING
FURTHER REVENUE GROWTH IN 2020
    * FY GREW ITS REVENUES BY 16.9% TO EUR 592.1 MILLION
    * FY ADJUSTED EBITDA GREW EVEN FASTER THAN REVENUES AT 24.1%
AND
REACHED EUR 67.7 MILLION
    * FOR 2020, MBB EXPECTS ITS LATEST ACQUISITIONS FRIEDRICH
VORWERK
AND BOHLEN & DOYEN TO MAKE FURTHER GROWING CONTRIBUTIONS TO
CONSOLIDATED REVENUES AND EARNINGS
    * EXPECTS 2020 REVENUES OF MORE THAN EUR 660 MILLION FOR
CURRENT
FINANCIAL YEAR AND AN ADJUSTED EBITDA MARGIN OF 8-10%.

Source text for Eikon:  ID:nEQ9hthFla 
Further company coverage:  MBBG.DE 

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