Mühlbauer Holding AG & Co. Kommanditgesellschaft auf Aktien announced earnings results for the first quarter of 2013. For the quarter, the company reported consolidated sales of EUR 5.1 million or 10.2% lower year-on-year, at EUR 45.3 million against EUR 50.4 million a year ago.

Pre-interest and pre-tax profit (EBIT) was EUR 0.3 under review was significant less than the EUR 2.8 million for the same period in the previous year. For the quarter under review, the company earned EUR 0.6 million after tax ­after EUR 1.1 million in the same quarter of the previous year. The earnings per share for the quarter under review amounted to EUR 0.03 following EUR 0.07 in the same quarter of the previous year.

The reduction in the outflow of funds for supplies as well as the higher inflow from the decrease in receivables and other assets, at EUR 5.8 million, the free cash flow showed an EUR 18.1 million improvement over the negative cash flow of EUR 12.3 million for the comparable quarter of the previous year.