MBH Corporation Plc achieves very strong revenue and EBIT growth in the first half of 2021

MBH Corporation Plc / Keyword (s): Half-year results / Half-year report
MBH Corporation Plc achieves very strong revenue and EBIT growth in the first half of 2021

30-Sep-2021 / 08:39 CET / CEST
Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
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Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014

MBH achieves very strong growth in turnover and EBIT in the first half of 2021

London, September 30, 2021 – MBH Corporation PLC (“MBH”), a diversified investment holding company, has published its results for the six-month period ended June 30, 2021.

Although various lockdowns and restrictions related to the pandemic are still in place for the group’s Antipodes and Asian companies, MBH saw revenue growth of 81% to 49.6 million pounds (1H 2020: 27.4 million pounds) and a net profit after tax of 1.9 million pounds. Earnings before interest and taxes (“EBIT”) increased 271% to £ 3.0 million (H1 2020: £ 0.8 million). Financial figures include the results of four companies acquired in the first half of 2021, 3k Engineering, Boulder Sausage, 4X Taxis and Intercity Taxis.

The Group’s balance sheet remains strong with a net asset position of £ 62.7 million as of June 30, 2021. By comparison, as of December 31, 2020, the net asset position was £ 59.8 million. The net cash position (which includes bank overdrafts) for the first 6 months of 2021 was £ 6.3 million, an increase of £ 0.5 million from December 31, 2020. The cash generated by operating activities for 1H2021 were £ 3.8 million. The total number of shares outstanding as of June 30, 2021 was 73,681,548.

The full 2021 half-year report is available on the Group’s website at www.mbhcorporation.com/financial-half-year-report-2021

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Contacts for IR and media inquiries:

MBH Corporation plc, Charlotte Williams, [email protected], +44 (0) 770 396 3953

Perception A, Phil Anderson & Charlie Nelson, [email protected], +44 (0) 776 749 1519

About MBH

MBH Corporation plc (M8H: GR) is a diversified investment holding company, listed on the Frankfurt and Düsseldorf stock exchanges and on the New York OTCQX (MBHCF). The company acquires small and medium-sized businesses in multiple geographies and industries that are well established, profitable and looking to grow. By leveraging the agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.

www.mbhcorporation.com

Information and explanation from the issuer to this news:

Callum Laing, CEO, MBH Corporation PLC: “We are delighted to publish this strong semi-annual report and strong growth in both revenue and EBIT. Although various bottlenecks and restrictions linked to the pandemic are still in place for the Group’s Antipodes and Asian companies, it should be noted that more than 60% of the Group’s revenue and 90% of the Group’s EBIT occurred at from April. A shining example of the Group’s ability to generate income and profit as we slowly emerge from the global pandemic situation.

30-Sep-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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