Business news for the stock market
MS Industrie AG: publishes Half-Year Figures 2024
München (pta011/26.08.2024/10:00 UTC+2)
MS Industrie AG publishes the unaudited half-year figures for the financial year 2024 (including the "MS Ultrasonic" business segment for the last time). Due to the tense economic situation in the first half of 2024 – partly caused by exogenous crisis influences – group sales fell from EUR 128.0 million (H1 2023) to EUR 109.2 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 7.9 million (H1 2023: EUR 12.1 million).
Schunk Sonosystems GmbH acquired a 51% stake in MS Ultraschall Technologie GmbH on July 5, 2024. As a result, the MS Ultrasonic segment will be fully consolidated by the Schunk-Group from the completion of the transaction. MS-Group´s remaining strategic investment will be consolidated using the at-equity method. The MS Ultrasonic segment will therefore no longer be included in the consolidated balance sheet from the third quarter of 2024. In future, the industrial focus of MS Industrie AG will concentrate on the "MS XTEC" segment with its core competence in high-precision and flexibly automated metal processing for a wide range of customer industries.
Dr. Andreas Aufschnaiter, member of the Management Board of MS Industrie AG: "The sale of 51% of MS Ultrasonic will have a direct positive impact on the MS Industrie Group in 2024. The Group equity ratio is expected to rise to over 50%. The cash inflow from the transaction totalling around EUR 45 million was used to repay MS Ultrasonic's bank liabilities and the majority of MS XTEC's bank liabilities. The economic situation of the MS-Industrie Group is stable and has positive prospects. The Management Board confirms the forecast – adjusted for the transaction effect – for the financial year 2024."
The half-year report 2024 and the latest corporate news are available at https://www.ms-industrie.de/investor-relations/.
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 |