MBB SE Records Significant Earnings Growth in Q1 2024

MBB SE announced a notable increase in its EBITDA for the first quarter of 2024, with figures reaching €22.7 million, marking a 64.3% rise from the previous year. This improvement in earnings before interest, taxes, depreciation, and amortization (EBITDA) has pushed its margin up to 11.0%, a gain of over 4 percentage points year-over-year.

The Berlin-based company reported that its overall revenue climbed modestly to €205.5 million during this period. Despite significant investments totaling €50.5 million in company shares, MBB SE maintained a robust net liquidity position of €398.5 million by quarter’s end. The revenue enhancement was primarily driven by gains across all business segments, with substantial profitability boosts, particularly in the Service & Infrastructure and Technological Applications segments.

Friedrich Vorwerk, part of MBB's Service & Infrastructure sector, saw a 21.3% increase in EBITDA, while IT security specialist DTS reported a 12.6% rise in its EBITDA. In the technological sphere, Aumann, a leading company in E-mobility, registered an 89.4% surge in its EBITDA.

The favorable quarter results have led MBB’s Board and Executive Management to propose a dividend of €1.01 per share at the upcoming Annual General Meeting, continuing a trend of rising dividends for the 14th consecutive year.