leadf
logo-loader
viewMBH Corporation Plc

MBH Corporation keen on more deals as revenues jump 31%

MBH Corporation paid a maiden dividend earlier in the year

MBH Corporation Plc -

MBH Corporation Plc (FRA:MBH), the specialist SME investment holding company, has raised its acquisition target after a strong first half of 2020.

The Frankfurt-listed group completed three deals in the six months to end June but has since taken that to seven and wants the figure to rise to ten or more by the end of the year.

READ: MBH Corporation agrees acquisitions to lay foundations for new US property arm

MBH’s strategy is to buy into long-standing and proven businesses, offering the owners an exit opportunity while still enabling them to have some control.

Revenues in the six months to June rose by 31% to £27.4mln in spite of the COVID-19 problems, with underlying profits (EBITDA) 13% higher at £1.5mln and net profits steady at £0.7mln.

MBH ended the half-year with net cash of £3.5mln even after paying a maiden dividend with its last full-year figures.

Callum Laing, MBH’s chief executive, said: “After a strong first quarter in 2020 for our portfolio companies, the rest of the year 2020 was clearly marked by the COVID-19 pandemic and was accordingly dominated by new challenges.

“However, it was interesting to see how our companies and the seasoned entrepreneurs learned from each other during the pandemic and adapted quickly to the challenging environment."

In June 2020, MBH launched a new Dublin-listed €50mln medium-term bond, which it said would be used as part of the consideration for incoming business owners.

“This has two clear purposes of offering a hedge to small business owners against any share price volatility, and also allowing us to proceed with accretive acquisitions regardless of the prevailing stock price,” added Laing.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MBH Corporation Plc named herein, including the promotion by the Company of MBH Corporation Plc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

MBH Corporation's Callum Laing highlights four crucial investment trends

In the next four videos MBH Corporation Plc's (FRA:M8H) Callum Laing looks at four major historical investment trends and how understanding them can give clues as to what may be coming next. He says each of them are now beginning to compound upon each other and offers investors a unique...

on 21/9/20

2 min read