MBB SE Achieves 75% EBITDA Growth in First Half-Year and Raises Earnings Forecast

Berlin, 14 August 2024 - MBB SE, a medium-sized family business, reported a 75% increase in adjusted EBITDA to €55.8 million for the first half of 2024. Revenues also grew by 9% to €467.0 million. The adjusted EBITDA margin rose by almost 4.5 percentage points year-on-year to 12.0%. The second quarter saw an 83% increase in adjusted EBITDA to €33.1 million, corresponding to a 12.8% margin, with revenues up 16% to €261.5 million.

The primary driver of this growth was Friedrich Vorwerk, benefiting from a high order backlog and strong market demand. The company revised its 2024 forecast to over €410 million in revenues with an EBITDA margin at the upper end of the 11-13% range. Aumann also saw increases in revenue and EBITDA. Conversely, Delignit and CT Formpolster faced revenue and margin declines due to the economic slowdown in Germany.

MBB maintains its revenue forecast of €1 billion and now expects an adjusted EBITDA margin of more than 10%. Despite a seasonal decrease in net liquidity to €358.1 million, MBB remains on solid financial footing.