MBB Industries Exceeds 2024 Financial Guidance and Announces Leadership Changes

MBB Industries AG, a medium-sized family business, reported preliminary figures indicating revenues of €1.06 billion for 2024, surpassing its guidance. The company achieved an EBITDA margin of over 13%, marking a nearly 5% increase from the previous year and outstripping its initial forecast. Friedrich Vorwerk, a significant contributor, generated revenues exceeding €495 million with a robust EBITDA margin of 16%. Despite investing more than €58 million in shares of its subsidiaries, MBB's net cash reached a record €550 million, up €75 million from 2023.

Significant management changes are anticipated as Dr. Constantin Mang and Dr. Jakob Ammer announced their departure by June 2025. They played crucial roles in MBB's growth, including the IPOs of Aumann and Friedrich Vorwerk. Dr. Christof Nesemeier and Torben Teichler will assume executive roles from July 2025, focusing on strategy and capital allocation respectively.