euro adhoc: Mühlbauer Holding AG & Co.KGaA / quarterly or semiannual financial statement / 'Ad-hoc message pursuant to § 15 WpHG' Significant increase in earnings gives Mühlbauer a positive start to

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3-month report

28.04.2008

Roding, 28 April 2008 - Mühlbauer Holding AG & Co. KGaA, quoted on
the Prime Standard and worldwide active independent advisor and
manufacturer of innovative security solutions for the TECURITY®
market, started the current financial year with a significant
increase in order income and sales and thereby continued the positive
business development characterizing the previous quarters. The
technology group profited from the intensification of orders placed
for the introduction of security-oriented ID systems and its strong
positioning as provider of complete technology and software
solutions.

While the Mühlbauer Group recorded sales of EUR 43.2 million*,
surpassing sales in the comparable quarter of the previous year (EUR
34.6 million) by 24.9%, EBIT increased also due to the relative
decline in cost of sales by 80.8% to EUR 7.1 million (PY: EUR 3.9
million). This resulted in an EBIT ratio at the reporting date of
16.4% (PY: 11.3%). EBT climbed as a result - profiting from the
positive development of the financial result (EUR 0.5 million; PY:
EUR 0.2 million) - to EUR 7.6 million from EUR 4.2 million. After the
deduction of tax expenses, Mühlbauer generated net earnings for the
period of EUR 5.7 million, also significantly higher than in the
comparable period of the previous year (PY: EUR 2.5 million). This
positive development was primarily due to the impact of the reduced
tax rate of 25.4% (PY: 39.5%) as a result of the Corporate Tax Reform
2008. Earnings per share more than doubled. The share price of EUR
0.39 increased markedly over the comparable quarter of the previous
year (EUR 0.16).

Free cashflow for the technology group also improved significantly in
the reporting period. Despite the expected increase in working
capital due to higher business volume, free cashflow increased to EUR
+2.3 million (PY: EUR -0.1 million), particularly as a result of the
rise in earnings and lower investment expenses. The equity ratio was
80.2%, decreasing only slightly from the previous year (81.2%).

Additionally the order book of the technology group showed a positive
trend: Order income improved in the first three months of 2008 by
42.9% to EUR 48.2 million compared to the same period of the previous
year (EUR 33.7 million). The largest share of order income was from
the business area SmartID, which increased by 79.3% to EUR 32.0
million from EUR 17.8 million and which profited, among other things,
from the demand for technology solutions for the personalization of
ID documents. Notable growth was also generated in the business areas
Traceability and Precision Parts & Systems: Traceability increased
its order income by 34.0% to EUR 4.6 million (PY: EUR 3.4 million);
Precision Parts & Systems exceeded last year´s order income by 24.3%
to EUR 6.0 million (PY: EUR 4.8 million). However, order income from
Semiconductor Related Products continued to weaken, falling by 26.3%
to EUR 5.6 million from EUR 7.7 million due to the deceleration of
the growth dynamics in the semiconductor market. At the end of the
first quarter, order backlog for the globally active technology group
increased by 1.5% to EUR 76.9 million compared to the previous year´s
value (75.8).

The technology group Mühlbauer anticipates positive developments in
both sales and earnings for the current year. Mühlbauer expects that
sales growth in the core business SmartID area will be strongly
affected by the product area Cards & TECURITY®. For this reason, the
continuing transformation process undertaken by numerous countries
and authorities to introduce new security oriented ID documents in
the Smart Card and passport format and the additional conversion of
conventional bank/EMV cards to chips as well as the increasing demand
for SIM cards is of particular significance for the development of
the business area SmartID. In the area of Semiconductor Related
Products, Mühlbauer is forcing the market maturity of new product
solutions in order to further expand its market position in selected
niches. Additionally the positive trend in the business areas
Traceability and Precision Parts & Systems should be continued.
Strategically, Mühlbauer will continue to press ahead with the
company´s internationalization process. By having commenced the
construction of a state-of-the-art Customer Relation Center, the
company´s positioning in the United States will be strengthened,
while the strategic expansion of the development location in the
Slovakian city Nitra is progressing as planned.

*Sales figures are gross values before subtraction of any deductions
on sales proceeds of EUR 0.1 million (PY: EUR 0.1 million)

Contact and additional information: Investor Relations, Tilo
Rosenberger, Tel.: +49 (0) 9461-952-1653, Fax: +49 (0) 9461-952-8520,
investor-relations@muehlbauer.de, Mühlbauer Holding AG & Co. KGaA,
Josef-Mühlbauer-Platz 1, 93426 Roding, Germany, www.muehlbauer.de.

end of announcement euro adhoc
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ots Originaltext: Mühlbauer Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Hubert Forster

CFO

+49(0)9461-952-1141

hubert.forster@muehlbauer.de

Branche: Machine Manufacturing
ISIN: DE0006627201
WKN: 662720
Index: Nemax 50, CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
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