MBB SE Provides Earnings Guidance for the Year 2019
August 23, 2019 at 02:16 am EDT
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MBB SE provided earnings guidance for the Year 2019. It announced that after the successful acquisition of Friedrich Vorwerk, MBB now expects group revenues of EUR 530 million for the current fiscal year. The new forecast is subject to increased uncertainty due to the not yet finalised interim financial statements by Friedrich Vorwerk and Aumann's forecast range.
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.
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