Brief: MBB SE FY Revenues Up At Eur 685 Mln

MBB SE

26/01/2021 07:09

Jan 26 (Reuters) - MBB SE  MBBG.DE :
    * SIGNIFICANTLY EXCEEDS FORECAST FOR 2020 DUE TO STRONG
DEVELOPMENT OF FRIEDRICH VORWERK
    * INCREASED ITS REVENUES BY APPROXIMATELY 16% TO MORE THAN
EUR 685
MILLION IN 2020 FINANCIAL YEAR, ACCORDING TO FIRST ESTIMATES BY
MANAGEMENT.
    * ADJUSTED EBITDA IS ESTIMATED TO EXCEED EUR 83 MILLION,
WHICH
CORRESPONDS TO AN ADJUSTED EBITDA MARGIN OF AROUND 12% AND AN
INCREASE OF APPROXIMATELY 23% COMPARED TO PREVIOUS YEAR
    * FRIEDRICH VORWERK IS CURRENTLY CONSIDERING POSSIBLE GROWTH
OPTIONS, INCLUDING AN IPO.

Source text for Eikon:  ID:nEQH5BrTa 
Further company coverage:  MBBG.DE 

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