MBB SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 30, 2021 at 02:08 pm EST
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MBB SE reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EUR 175 million compared to EUR 181.69 million a year ago. Revenue was EUR 186.97 million compared to EUR 186.29 million a year ago. Net income was EUR 0.731 million compared to EUR 1.46 million a year ago. Basic earnings per share from continuing operations was EUR 0.12 compared to EUR 0.25 a year ago.
For the nine months, sales was EUR 501.63 million compared to EUR 510.57 million a year ago. Revenue was EUR 525.67 million compared to EUR 523.41 million a year ago. Net loss was EUR 13.43 million compared to net income of EUR 4.98 million a year ago. Basic loss per share from continuing operations was EUR 2.26 compared to basic earnings per share from continuing operations of EUR 0.84 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 
