30.07.2021 Muehlhan AG  DE000A0KD0F7

DGAP-News: Muehlhan AG: Muehlhan AG publishes its results for the first half of 2021


 

DGAP-News: Muehlhan AG / Key word(s): Half Year Report/Change in Forecast
Muehlhan AG: Muehlhan AG publishes its results for the first half of 2021

30.07.2021 / 18:56
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Muehlhan AG publishes its results for the first half of 2021

- Business is running more like normal

- Revenues of €143.5 million, EBIT of €3.9 million

- Recovery in revenue and EBIT forecast for 2021 - depending on the course of the pandemic, plus the deconsolidation result

Hamburg, July 30, 2021-Muehlhan AG (Open Market; ISIN DE000A0KD0F7) was able to report a return to normality to a large extent in the first half of 2021. After three months under persistent pandemic conditions, the second quarter saw a gradual return to normal business operations. Revenues increased by 9.4% to €143.5 million. EBIT rose by €3.7 million to €3.9 million and the EBIT margin improved accordingly from 0.2% to 2.7%. The consolidated net income for the first half of the year attributable to Muehlhan AG's investors increased by €2.5 million to €2.0 million. As expected, cash flow from operating activities fell by €11.8 million to €4.8 million year-over-year.

In the Ship segment, revenues fell from €33.8 million to €29.2 million. EBIT decreased by €1.0 million to €2.4 million. Business developed positively in the Oil & Gas segment. Revenues increased by €1.9 million to €34.8 million. EBIT also increased by €0.5 million to €1.5 million. In the Renewables segment, revenues increased again significantly by €17.3 million to €45.0 million. EBIT jumped from €0.9 million to €4.8 million. In the Construction/Infrastructure business, revenues of €34.4 million were achieved, compared to €36.5 million in the same period of the previous year. Despite the decrease in revenues, EBIT improved by €0.5 million to €-0.4 million.

In the Marine & Construction segment, revenues decreased by €6.0 million to €70.3 million due to pandemic-related project postponements and the continued selective choice of new projects in the Middle East. In contrast, EBIT increased from €1.8 million to €2.7 million. The Energy segment continues to grow. Compared to the prior-year period, revenues increased significantly from €56.3 million to €75.5 million. EBIT more than doubled to €5.4 million (previous year: €2.2 million).

 

The forecast for the operating business in 2021 still depends to a large extent on the further course of the pandemic. Without the deconsolidation result from the sale of Gerüstbau Muehlhan GmbH, the Executive Board and Supervisory Board of Muehlhan AG expect year-over-year revenues and earnings to recover in 2021, unless the restrictions that have currently been largely lifted become necessary again in the short term. The revenues (€295.3 million) and results (EBIT of €12.4 million) of 2019 will not be achieved. The deconsolidation result from the sale of Gerüstbau Muehlhan GmbH of approximately €15 million to €20 million will be added to the operating result. The deconsolidation result is expected to be realized in the second half of 2021.

The company's key performance indicators are shown in the following table:

in kEUR   1st half of 2021 1st half of 2020
Results      
Revenues   143,482 131,116
Earnings from operations before depreciation and amortization (EBITDA)   9,041 5,907
Earnings from operations (EBIT)   3,859 198
Earnings before taxes (EBT)   3,099 -626
Consolidated income attributable to shareholders of Muehlhan AG   1,088 -790
Earnings per share from continuing operations in EUR 0.06 -0.04
Cash flow from operating activities   4,699 16,874
Investments in property, plant and equipment (not incl. leases)   2,636 1,360
       
Balance sheet   06/30/2021 12/30/2020
Total assets   172,387 161,596
Fixed assets1   61,632 63,490
Equity   69,911 69,164
Equity ratio in % 40.6 42.8
       
Employees   1st half of 2021 1st half of 2020
Employees (annual average) number 2,842 2,857
 

1 Fixed assets: total of non-current assets less deferred tax assets.

About Muehlhan: Worldwide, Muehlhan Group is a reliable partner in industrial services. As one of the few full-service providers, we offer our customers a broad spectrum of industrial services with professional industrial quality standards. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors, and our more than 135 years of experience. We have an established market presence in the four business segments in which we operate: Ship, Renewables, Oil & Gas and Construction/Infrastructure. Muehlhan AG is a listed company and is traded on the Open Market under ISIN DE000A0KD0F7.

You can find additional information at www.muehlhan.com

Contact: Muehlhan AG; phone: +49 40 75271-166; e-mail: [email protected]



30.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Germany
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: [email protected]
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1223165

 
End of News DGAP News Service

1223165  30.07.2021 

fncls.ssp?fn=show_t_gif&application_id=1223165&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 247,72 267,80 295,27 260,38 298,52 288,28 12,50
EBITDA1,2 16,03 18,31 24,51 14,40 27,21 17,86 -2,10
EBITDA-Marge3 6,47 6,84 8,30 5,53 9,12 6,20
EBIT1,4 8,53 10,06 12,40 3,04 16,74 12,74 -4,60
EBIT-Marge5 3,44 3,76 4,20 1,17 5,61 4,42 -36,80
Jahresüberschuss1 4,65 5,52 6,25 1,27 9,79 6,37 -4,30
Netto-Marge6 1,88 2,06 2,12 0,49 3,28 2,21 -34,40
Cashflow1,7 15,41 11,36 10,89 11,76 -5,02 5,20 0,00
Ergebnis je Aktie8 0,22 0,27 0,33 0,02 0,43 0,18 -0,22
Dividende8 0,08 0,10 0,00 0,12 0,75 1,00 0,06
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
Muehlhan
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0KD0F 1,140 22,23
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 15,13 0,00 6,63
KBV KCV KUV EV/EBITDA
0,70 4,28 0,08 -3,44
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,00 0,00 0,00 06.06.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.04.2023 28.07.2023 27.10.2023 14.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-8,80% -22,71% -18,57% -56,15%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Muehlhan AG  ISIN: DE000A0KD0F7 können Sie bei EQS abrufen


Oberflächen/Verpackung , A0KD0F , M4N , MUN:M4N