euro adhoc: Mühlbauer Holding AG & Co.KGaA / quarterly or semiannual financial statement / 'Ad-hoc message pursuant to § 15 WpHG' Mühlbauer draws up its balance sheet for the first half year - Sales e

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6-month report

31.07.2007

Roding, August 01, 2007 - After a slow start in the new financial
year, 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, is now
reporting a gratifying trend in respect of order income. Although the
level of order income does not match the highest comparable quarter
of the previous three years, the distinct increase reflects the
greater interest of the market in the solution provider.

In the quarter under review, sales of the Mühlbauer Group totaled EUR
30.7 million due to the weak start and sustained project delays and
thus lagged the year-on-year result (40.3) by 23.9%. The weak start
also impacted earnings development considerably; at EUR 3.9 million
(8.4) earnings before interest and taxes (EBIT) were EUR 4.5 million
below the year-on-year result. This corresponds to an EBIT margin of
12.6% - after 20.9% in the previous year. At EUR 5.2 million (9.0)
earnings before taxes (EBT) also lagged behind the previous year´s
value, even though they benefited from the extremely positive
financial result of the second quarter of EUR 1.3 million (0.6).
After deducting tax expenses, the net income for the period amounted
to EUR 3.4 million (6.1), which corresponds to undiluted earnings per
share of EUR 0.21 (0.42) for the quarter under review. In the first
half year, sales of the Mühlbauer Group totaled EUR 65.1 million
(77.7) and EBIT amounted to EUR 7.8 million (16.3). The company
posted undiluted earnings per share for the first six months of EUR
0.37, compared to EUR 0.81 in the first half of 2006.

Due to higher investment expenses, primarily applicable to the
development of the new technology sites in Malaysia and Slovakia, the
free cashflow of EUR 1.2 million was EUR 2.4 million lower
year-on-year (3.6). Compared with the end of the previous year the
working capital increased slightly by EUR 1.4 million to EUR 46.9
million to the end of the reporting period. Due to the appropriation
of earnings effected in the reporting period, shareholder´s equity
declined slightly year-on-year, at 78.2% (80.1%).

Although year-on-year order income of the Mühlbauer technology group
lagged 16.4%, at EUR 42.2 million, it has developed positively over
the first quarter of 2007. Over the first six months of the year, the
accumulated order income totaled EUR 75.9 million (88.2) and thus
lagged the previous year´s result by 13.9%, while the order backlog
of EUR 86.6 million at the end of the reporting period only narrowly
missed by 4.0% the highest comparable value of the previous year
(90.2) in the history of the technology group.

Despite the medium- to long-term favourable market environment in the
Cards & TECURITY® area, the looming extension of project lead times
and the recovery of the semiconductor industry, particularly in
respect of business with governments, anticipated for the beginning
of the second half of the year - but not yet occurring - has resulted
in an adjustment of the company´s sales forecast. On the basis of the
development of sales in the first two quarters, the technology group
now proceeding on the assumption that it will be able to achieve a
volume of sales in respect of the entire year between EUR 150 million
and EUR 160 million. As global market leader on the Cards & TECURITY®
market, Mühlbauer is deeply involved in the transformation process
away from conventional identification documents to new innovative ID
applications in accordance with international standards and, due to
its worldwide unique solution orientation, it is in a position to
fully benefit long-term from the rising global demand for reliable
technology and software solutions for the production of all types of
Smart Cards and ePassports. Mühlbauer is also ideally positioned in
the RFID area, to benefit from the intensification of the RFID
technology and its resultant growth.

Please find the complete quarterly report on the Internet at
www.muehlbauer.de.

Contact and additional information: Investor Relations, 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 01.08.2007 07:30:00
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ots Originaltext: Mühlbauer Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Hubert Forster
CFO
+49(0)9461-952-141
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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