MBB Industries AG reported that consolidated earnings improved by 135% to EUR3.2 million in the first quarter of 2012 after EUR 1.4 million one yearpreviously. This corresponds to earnings per share of EUR 0.49, with allequity interests contributing to this positive result.
Revenues for the quarter rose by 13.5% to EUR 31.4 million from EUR 27.7 million in the prior year quarter.
The first quarter did not include contributions to sales from CLAASFertigungstechnik GmbH, which was included in consolidation for the firsttime as at 31 March 2012 and will operate as MBB Fertigungstechnik GmbHmoving forward. Earnings also include the bargain purchase of CLAAS Fertigungstechnik GmbH of EUR 1.7 million.
The Managing Board believes that the healthy sales and earnings performanceof MBB in the first quarter of 2012 will continue in the second. Inaddition, CLAAS Fertigungstechnik GmbH will also contribute to sales forthe first time in the second quarter.
For 2012 as a whole, the Managing Board expects to exceed EUR200 million in sales for the first time and anticipates an at least proportional increase in earnings by the MBB Group as against the previous year.
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