MBB SE Targets One Billion Euros in Revenue for 2024 with Strong Growth Ambitions

MBB SE, a family-owned medium-sized business based in Berlin, has announced its financial performance for the 2023 fiscal year, reporting a revenue increase of 6.5% to €954.6 million. Despite a decrease in adjusted EBITDA to €80.2 million from the previous year's €93.2 million, the company has set an ambitious target for 2024. MBB SE aims to achieve one billion euros in revenue with an EBITDA margin of 10%.

In 2023, the Service & Infrastructure segment saw a slight dip in adjusted EBITDA, while the Technological Applications segment reported significant growth, with revenues reaching €375.7 million and a 74.7% increase in adjusted EBITDA. The Consumer Goods segment also contributed with €98.4 million in revenue. Notably, the net cash position of the group was robust at €475.3 million by the end of 2023.

Friedrich Vorwerk, a major company within MBB Group, faced challenges with increased costs but managed to boost its order intake to over €1 billion, largely thanks to the A-Nord order. Another subsidiary, Aumann, saw a notable revenue increase of 34.5% to €289.6 million. The IT security provider DTS also reported strong growth in the last quarter, achieving €108.4 million in annual revenues.

MBB SE has been actively investing in its group, including significant shares purchases of Aumann and Friedrich Vorwerk, highlighting the management's confidence in the group's growth trajectory. With a positive outlook for 2024 and a continuous increase in the basic dividend for the 14th consecutive year, MBB SE is poised for further growth, backed by a strong financial foundation.