Muehlbauer Holding AG & Co. KGaA announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, sales were EUR 61,413,000 compared to EUR 41,847,000 for the same period a year ago. Operating income was EUR 1,295,000 compared to EUR 2,274,000 for the same period a year ago. Income before income taxes was EUR 1,277,000 compared to EUR 2,510,000 for the same period a year ago. Net earnings were EUR 2,047,000 compared to EUR 1,887,000 for the same period a year ago. Net earnings attributable to shareholders of the company were EUR 2,063,000 compared to EUR 1,892,000 for the same period a year ago. Earnings per share, basic and fully diluted was EUR 0.16 compared to EUR 0.13 for the same period a year ago. Free Cash flow was EUR 13.3 million compared to free cash flow used of EUR 16.4 million for the same period a year ago. Gross investments in intangible and fixed assets totaled EUR 6.6 million compared to EUR 4.3 million for the same period a year ago.

For the six months, sales were EUR 111,696,000 compared to EUR 91,296,000 for the same period a year ago. Operating income was EUR 4,101,000 compared to EUR 12,108,000 for the same period a year ago. Income before income taxes was EUR 4,061,000 compared to EUR 12,447,000 for the same period a year ago. Net earnings were EUR 3,128,000 compared to EUR 9,327,000 for the same period a year ago. Net earnings attributable to shareholders of the company were EUR 3,136,000 compared to EUR 9,335,000 for the same period a year ago. Earnings per share, basic and fully diluted was EUR 0.23 compared to EUR 0.64 for the same period a year ago. Cash provided by operating activities was EUR 19,810,000 compared to EUR 15,307,000 for the same period a year ago. Purchase of fixed assets was EUR 16,722,000 compared to EUR 11,174,000 for the same period a year ago. Purchase of intangible assets was EUR 1,441,000 compared to EUR 756,000 for the same period a year ago. Expenditures for capitalized development costs were EUR 638,000 compared to EUR 1,311,000 for the same period a year ago. Free cash flow was EUR 941,000 compared to free cash flow used of EUR 2,633,000 for the same period a year ago.