MS Industrie AG: reduces complexity while maintaining the best possible transparency

München (pta013/06.05.2024/11:00 UTC+2)

• MS Industrie will be reporting in accordance with German accounting principles from FY 2024

MS Industrie AG (WKN 585518; ISIN DE0005855183) reported the past financial year 2023 for the last time in accordance with IFRS (International Financial Reporting Standards). From financial year 2024, the consolidated accounting for the MS Industrie Group will be carried out in accordance with the provisions of the German Commercial Code (HGB). In the "m:access" trading segment of the Munich Stock Exchange, in which MS Industrie AG is listed, financial reporting according to HGB is feasible.

Dr. Andreas Aufschnaiter, member of the of the Management Board of MS Industrie AG: "For the MS Industrie Group, as a medium-sized company, the reporting breadth and depth of the IFRS regulations, which has steadily increased in recent years, no longer fits the size of the company in our opinion. The change will also have a significant impact on the balance sheet. Since the accounting for future obligations from real estate rental agreements – to be recorded as on-balance liabilities according to rule IFRS 16 – is no longer relevant, the group's debt is reduced by over EUR 15 million, which corresponds to approximately 7.5% of the balance sheet total and 18% of the net debt as of December 31, 2023. Therefore, we believe that the change in accounting principles will be viewed positively by insurance companies, lenders, customers, suppliers and by rating agencies also."

Background:

MS Industrie AG (WKN 585518; ISIN DE0005855183), headquartered in Munich, is the listed parent company of a focused technology group with the two business areas drive technology ("MS XTEC": systems and components for heavy-duty combustion engines and hybrid or electrical drive solutions) and ultrasonic technology ("MS Ultrasonic": special machines, standard machines and ultrasonic systems and components). Key customer industries include the global commercial vehicle and passenger car industry, followed by the packaging machine industry, the medical and other plastic processing industries as well as the general mechanical and plant engineering industry. In financial year 2023, the Group generated revenues of around EUR 250 million with over 800 fixed employees at five production sites, two of which are located in Germany and one each in the USA, Brazil and China.

Press Contact :

BeckerBeratungsGesellschaft (BBG)
Neustr. 23
55296 Gau-Bischofsheim / Mainz
Klaus-Karl Becker
+49 (0) 172 61 41 955
kkb@b-bg.de

Disclaimer:

The publisher of this document is MS Industrie AG based in Munich. Although the information in this document comes from sources that MS Industrie AG considers reliable, no guarantee can be given for the correctness of the information in this document. This document does not constitute a prospectus and is also not suitable as a basis for evaluating the securities presented in the document. Estimates and opinions contained in this document represent the assessment of MS Industrie AG at the time the document was created and are subject to change at any time without prior notice. MS Industrie AG and/or its affiliated companies may from time to time hold positions in the securities referred to in this document or in options, futures and other derivatives based thereon, may provide other services (including those as advisors) to each company named in this document, provide or have provided and may (to the extent permitted by law) have used the information contained herein or the research on which it is based prior to its publication. Any kind of advisory relationship between MS Industrie AG and the recipient of this document is not established by the provision of this document. Each recipient must conduct its own research and take precautions to check the profitability and reasonableness of an investment decision, taking into account its personal and economic interests. MS Industrie AG is not liable for the consequences of trusting in opinions or statements in this document, nor for the incompleteness of the same. Any citizen of the United States of America who receives this document and wishes to transact in securities referred to herein is required to do so through a US-licensed broker.

(end)

Emitter:	MS Industrie AG Brienner Straße 7 80333 München Germany
Contact Person:	Investor Relations
Phone:	+49 89 20 500 900
E-Mail:	info@ms-industrie.ag
Website:	www.ms-industrie.ag
ISIN(s):	DE0005855183 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate