DGAP-News: MBH Corporation PLC to issue dividend of EUR 0.5 cents per share after net profit almost tripled in 2019
Including the full-year results of the companies acquired in the course of 2019, annualised pro forma revenues of all MBH portfolio companies amounts to approx.
DGAP-News: MBH Corporation Plc / Key word(s): Annual Results MBH Corporation PLC to issue dividend of EUR 0.5 cents per share after net profit almost tripled in 2019 29.05.2020 / 12:31 The issuer is solely responsible for the content of this announcement. MBH Corporation PLC to issue dividend of EUR 0.5 cents per share after net profit almost tripled in 2019
London, 29 May 2020 - The Directors of MBH Corporation PLC ("MBH"), a diversified investment holding company, are pleased to release the annual report for the year ended 31 December 2019 today highlighting the success of the Company's growth and diversification strategy. With this publication, MBH confirms the preliminary figures released end of April. The Company achieved a sales growth of 306% to GBP 50.8 million (2018: GBP 12.5 million) and a net profit of GBP 3.6 million - an increase of 190% compared to the previous year (2018: GBP 1.3 million). The financial figures include the results of 4 companies for the full year (Acacia, Parenta, Du Boulay and Cape), proportionately 4 companies acquired during the year (UK Sports, KS Training, Guildprime and Gaysha) and 2 assets acquisitions (Beauty College and Apprentice Supermarket). The outlook for 2020 is unchanged. The businesses within MBH recorded growth in earnings in the first quarter when compared to the same quarter in 2019. Due to the ever changing situation with the global Covid-19 pandemic, MBH will not publish a forecast for business development in 2020 for the time being. However, MBH plans to continue its diversification strategy in 2020 and to acquire companies from new industries. With the completion of the acquisition of Samuel Hobson House (Health segment) and the takeover of Robinson's Caravans (Leisure segment), MBH has already established two new segments this year. The Group plans to continue to acquire companies in existing and new industries and expects to acquire a similar number of companies as in 2019.
The full Annual Report 2019 is available on the company website: https://www.mbhcorporation.com/financial-reports Investor webinar today at 15:00 CET MBH CEO Callum Laing and the CFO Victor Tan will host an investor webinar to discuss the 2019 results at 15:00 CET today. Please use the following link to register for the webinar:
About MBH MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies. Contacts for IR and media enquiries: MBH Corporation plc, Charlotte Williams, [email protected], +44 (0)770 396 3953 Kirchhoff Consult AG, Nicole Schüttforth, [email protected], +49 (0)40 609186 64
29.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | MBH Corporation Plc |
Studio 7-9, Royal Patriotic Victoria Building, Joh | |
SW18 3SX London | |
United Kingdom | |
E-mail: | [email protected] |
Internet: | https://www.mbhcorporation.com/ |
ISIN: | GB00BF1GH114 |
WKN: | A2JDGJ |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt |
EQS News ID: | 1059111 |
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1059111 29.05.2020