MBH Corporation PLC relies heavily on 2020 with 81% revenue growth in the first half of 2021
Revenue up 81% to £ 49.6m in H1 2021
EBIT increase of 271% to £ 3.0 million compared to H1 2020
MBH Corporation now includes 25 companies in 8 verticals
LONDON, UK / ACCESSWIRE / September 30, 2021 / The directors of MBH Corporation PLC (“MBH”) (OTCQX: MBHCF) (FRA: M8H), a diversified investment holding company, are pleased to report the results for the six-month period ended June 30, 2021, highlighting the continued success of the company strategy of growth and diversification.
For the half year, the Company achieved 81% revenue growth to £ 49.6 million (H1 2020: £ 27.4 million) and after-tax net profit of £ 1.9 million sterling. Earnings before interest and taxes (“EBIT”) increased 271% to 3.0 million pounds (1H 2020: 0.8 million pounds). Financial figures include the results of 4 companies acquired in the first half of 2021, 3k Engineering, Boulder Sausage, 4X Taxis and Intercity Taxis.
Callum Laing, CEO, MBH Corporation PLC : “We are delighted to present this strong half-year report and solid revenue and EBIT growth. Although various bottlenecks and restrictions linked to the pandemic are still in place for the Group’s Antipodes and Asian companies, it should be noted that more than 60% of the Group’s revenue and 90% of the Group’s EBIT occurred at from April. A shining example of the Group’s ability to generate income and profit as we slowly emerge from the global pandemic situation “
Solid financial position
The Group’s balance sheet remains strong with a net asset position of £ 62.7 million as of June 30, 2021. By comparison, as of December 31, 2020, the net asset position was £ 59.8 million. The net cash position (which includes bank overdrafts) for the first 6 months of 2021 was £ 6.3 million, an increase of £ 0.5 million from December 31, 2020. The cash generated by operating activities for 1H2021 were £ 3.8 million. The total number of shares outstanding as of June 30, 2021 was 73,681,548.
Callum Laing adds: “To date, we have announced 5 new acquisitions for the Group: 3Ks Engineering, Boulder Sausage, 4X Limited Taxis, InterCity Taxis and VistaCare. equipped to continue to provide services to their customers and positive results to all of our shareholders “
The full 2021 half-year report is available on the Group’s website www.mbhcorporation.com/financial- half year report-2021
Meet the Directors Webinar:
Join all of our principals on October 21, 2021 at 3:00 p.m. GMT [UK], to find out how they have behaved over the past six months. Please register in advance for this webinar here:
Contacts for IR and media inquiries:
– MBH Corporation plc, Charlotte Williams, [email protected], +44 (0) 770 396 3953
– Perception A, Phil Anderson & Charlie Nelson, [email protected], +44 (0) 776 749 1519
MBH Corporation plc (M8H: GR) is a diversified investment holding company, listed on the Frankfurt and Düsseldorf stock exchanges and on the New York OTCQX (MBHCF). The company acquires small and medium-sized businesses in multiple geographies and industries that are well established, profitable and looking to grow. By leveraging the agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.
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