MBB SE Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 03:04 am EDT
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MBB SE reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 206.1 million compared to EUR 176.4 million a year ago. Revenue was EUR 214.25 million compared to EUR 183.4 million a year ago. Net income was EUR 3.62 million compared to EUR 5.74 million a year ago. Basic earnings per share from continuing operations was EUR 0.62 compared to EUR 0.97 a year ago.
For the six months, sales was EUR 378.31 million compared to EUR 326.63 million a year ago. Revenue was EUR 394.24 million compared to EUR 338.7 million a year ago. Net income was EUR 3.5 million compared to net loss of EUR 14.16 million a year ago. Basic earnings per share from continuing operations was EUR 0.6 compared to basic loss per share from continuing operations of EUR 2.39 a year ago.
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.
MBB SE 
