MBH Corporation PLC Delivers Significantly Improved Business Figures Compared to 2020 with 81% Sales Growth in H1 FY 2021 From 09/30/2021

DGAP-News: MBH Corporation Plc / Keyword(s): Half-year results / Half-year report

MBH Corporation PLC Delivers Significantly Improved Business Figures Compared to 2020 with 81% Sales Growth in the First Half of Fiscal Year 2021

30.09.2021 / 08:42
The issuer is responsible for the content of the advertisement.

MBH Corporation PLC Delivers Significantly Improved Business Figures Compared to 2020 with 81% Sales Growth in the First Half of Fiscal Year 2021

Revenue up 81% to £49.6m in the first half of 2021

EBIT increased 271% to £3.0m compared to the first half of 2020

MBH now has 25 companies in 8 different business sectors

London, 30 September 2021 – (OTCQX: MBHCF) (FRA: M8H) The Board of Directors of MBH Corporation PLC (“MBH”), a diversified investment firm, presents half-year results effective June 30, 2021, which confirm the continued success of the company’s strategy of growth and diversification.

The company increased sales by 81% to £49.6 million (H1 2020: £27.4 million), resulting in a half-year profit of £1.9 million. Earnings before interest and tax (“EBIT”) improved 271% to £3.0 million (H1 2020: £0.8 million). Financial metrics include the results of four companies acquired in the first half of 2021: 3k Engineering, Boulder Sausage, 4X Taxis and Intercity Taxis.

Callum Ling, CEO, MBH Corporation PLC: “We are pleased with this very good semi-annual result, strong sales and EBIT growth. Although several anti-pandemic lockdowns and trade restrictions continue to apply to Australian, New Zealand and Asian companies in the group, I would like to confirm that over 60% of sales have been generated. and 90% of EBIT as of April. This demonstrates the group’s great potential in generating sales and profits as we gradually emerge from the global pandemic.”

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strong financial position

The group’s balance sheet remains strong, with net assets of £62.7 million as at 30 June 2021. By comparison, the net asset position at 31 December 2020 was £59.8 million. Net liquidity (including overdrafts) was £6.3 million at the end of the first half of 2021, an increase of £0.5 million compared to December 31, 2020. Cash flow from operations for the first half of 2021 was £3.8 million. The total number of shares outstanding on June 30, 2021 was 73,681,548.

Calum Ling added: “During the current year, we have announced five new acquisitions by the group: 3Ks Engineering, Boulder Sausage, 4X Limited Taxis, InterCity Taxis and VistaCare. We are cautiously optimistic that our corporate businesses have recovered and believe our companies are well-equipped to continue serving their customers and deliver positive results for all Our shareholders despite ongoing challenges.”

The full 2021 mid-year report is available on the group’s website at www.mbhcorporation.com/financial-Semi-Annual Report – 2021

Webinar entitled “Meet the Managers – Managing Directors are Available to Answer Questions”:

Follow us on October 21, 2021 at 3 pm GMT [UK] Our managing directors report on how the business in their companies has evolved over the past six months. You can register for this webinar in advance using the following link:

www.eventbrite.co.uk/e/live-principals-event-tickets-175846711247

== End ==

IR and pressure connection:

MBH Corporation plc, Charlotte Williams, [email protected], +44 (0) 770396 3953

– Perception A, Phil Anderson & Charlie Nelson, [email protected], +44 (0) 776749 1519

About MBH Corporation PLC

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MBH Corporation plc is a diversified investment company listed on the Frankfurt and Düsseldorf Stock Exchanges and the US OTCQX(R) New York (MBHCF). The company acquires small and medium-sized companies from various well-established, profitable and scalable regions and industries. Through its conglomerate strategy, MBH Corporation plc is able to create significant shareholder value by continually acquiring blue-chip companies, which has a positive impact on earnings per share.

mbhcorporation.com

30/09/2021 Publication of company news / financial news, transmitted by DGAP – a service of EQS Group AG.
The issuer is responsible for the content of the advertisement.

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