euro adhoc: Mühlbauer Holding AG & Co.KGaA / quarterly or semiannual financial statement / 'Ad-hoc message pursuant to § 15 WpHG' Mühlbauer increased sales and earnings significantly - High order inc

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quaterly report

30.07.2008

Roding, 31 July 2008 - Based on a large order for the complete
transfer of technology and expertise for the production of electronic
ID documents and the call of placed orders for the provision of
technology and software solutions for Cards & TECURITY® applications,
the Mühlbauer technology group, quoted on the Prime Standard, is able
in Q2 2008, to continue the positive development of the previous
quarter with a strong increase in orders and sales and to make a
significant contribution to consolidated net earnings.

In Q2 group sales climbed 44.8%, to EUR 44.4 million (30.7), due to
growth in all business areas. Mühlbauer recorded the greatest
increase in sales, namely 58.5%, in its restructured core business
area Cards & TECURITY®. This area focuses exclusively on the transfer
of technologies and expertise for the production of all types of card
and ePassport applications. As a result, earnings before interest and
taxes (EBIT) almost doubled year-on-year, at EUR 7.5 million (3.9),
while the EBIT margin rose from 12.6% to 17.0%. Earnings before taxes
(EBT) climbed to EUR 7.4 million (5.2), but - in contrast to the same
period of the previous year - was unable to benefit from the positive
financial result (minus EUR 0.1 million; PY: EUR 1.3 million), due to
the unfavorable capital market environment. After deducting tax
expenses, net income for the period totaled EUR 5.7 million - after
EUR 3.4 million year-on-year. Earnings per share for the same period
rose from EUR 0.21 to EUR 0.39. In 1HY 2008, sales rose to EUR 87.6
million (65.1) and EBIT climbed EUR 6.8 million to EUR 14.6 million.
For the same period earnings per share more than doubled from EUR
0.37 to EUR 0.78.

As a result of the extension of business, working capital climbed EUR
6.6 million to EUR 52.7 million, while free cashflow rose
significantly year-on-year, particularly due to the increase in
earnings and the as yet restrained investments, to EUR 7.0 million
(+1.2). The equity ratio dropped from 81.2% to 77.9%, due to the
payment of dividends of EUR 1.00 per no par share including the
statutory distribution of profits to the personally liable
shareholder.

Demand for technology solutions and products by Mühlbauer continued
unabated in Q2. With new orders worth EUR 54.2 million (42.2) -
including the received large order of an European country with an
order volume of EUR 12.6 million - the order book reports
year-on-year growth of 28.4% in Q2 2008. With regard to cumulated
order income for the first half of 2008, Mühlbauer recorded a
year-on-year increase of 34.9%, thus reporting a new half-yearly
record high of EUR 102.4 million. The order backlog to the end of the
first half of 2008 amounted to EUR 83.4 million (86.6), thus lagging
the year-on-year value slightly by 3.7%.

The Mühlbauer technology group is expecting to continue the good
development of sales and earnings in the current year, while this
will primarily be driven by the demand for system solutions from the
Cards & TECURITY® area. Several countries and public authorities will
require technology systems to realize their ID projects due to the
transformation and implementation process of innovative
security-oriented ID systems. The increasing demand for EMV bank
cards and GSM/SIM cards is also relevant. It should continue to exert
a positive influence on the need for Smart Card production systems.
Moreover, the business area Semiconductor Related Products is
expected to undergo an intensification of demand. While short-term
delays are possible in the product line Smart Label, due to
fluctuations in supply and demand, the increasing use of RFID labels
in supply chain management and ticketing should medium- to long-term
result in the growth anticipated by many experts. As a result of the
increasing market maturity of its new high-performance machine
solutions, Mühlbauer is also ideally positioned in promising niches
of the semiconductor industry to benefit strongly from a future
development of demand. The positive development of business in the
Traceability and Precision Parts & Systems areas should continue in
the second half of 2008, subject to the fact, however, that the
market environment remains favorable.

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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