MBB SE Provides Financial Guidance for the Year 2020
March 03, 2020 at 12:33 pm IST
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MBB SE provided financial guidance for the year 2020. For 2020, the company expects its latest acquisitions Friedrich Vorwerk and Bohlen & Doyen to make further growing contributions to consolidated revenues and earnings. However, due to the slowdown in the automotive industry as well as economic risks, the expectations for Aumann AG's revenue and earning contributions for 2020 have decreased significantly. In total, the company's management expects revenues of more than EUR 660 million for the current financial year.
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.