MUEHLHAN AG

Company

“Corrosion never sleeps!”

We are an international specialist in industrial and marine surface protection - in particular for protecting against corrosion of ships' steel surfaces, offshore platforms and complex land-based steel structures. With some 2,300 employees worldwide, we generated sale revenue of more than EUR 190 million in 2009. Our headquarter is in Hamburg.

Our four divisions Ship Newbuilding, Ship Repair, Oil & Gas Offshore and Industry Services enable us to serve the market on a broad basis.

What distinguishes us from the others is our high quality of performance, more than 125 years of experience and a superior level of technical know-how. Our specialized know-how on the interface between shipowners, coating manufacturers and shipyards regularly earns us a competitive edge that translates into greater benefits for our customers.

Latest Press Releases

30 July 2010: Muehlhan maintains stable net income despite lower sales revenues

In the first six months of the current fiscal year, Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) generated EUR 85.2 million of sales revenues and EUR 2.2 million of net income. Although sales were lower than in the previous year (first half of 2009: EUR 100.3 million; net income: EUR 2.1 million), Muehlhan maintained a stable level of earnings. The number of employees has risen by 90 to now 2,324 overall, due to the increase of capacities in the Middle East. ...

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12 May 2010: Muehlhan awarded contract for German Navy vessel

The Muehlhan Group (Entry Standard; ISIN DE000A0KD0F7) has been awarded a new contract in the specialty shipbuilding sector. The company will soon start providing surface protection services for the German Navy’s supply ship BONN. This ship newbuilding project is expected to be completed by the end of 2012 at three different German shipyards. The scope of the surface protection work comprises some 200,000 m2 of blasting and coating work.

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30 April 2010: Modest start to the year at Muehlhan AG

Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) ended the traditionally weak first quarter with sales revenues of EUR 43.5 million (Q1 2009: EUR 47.3 million), EBIT (earnings before interest and taxes) of EUR 1.4 million (Q1 2009: EUR 2.4 million) and net income of EUR 0.7 million (Q1 2009: EUR 1.1 million). This performance was expected by the company because of the unusually hard winter and the continuing economic crisis. Muehlhan recorded non-recurring income of EUR 1.1 million in the first quarter of 2009 resulting from a claim for damages; after adjusting for this one-time effect, operating income in the first quarter of 2010 is on a par with the prior-year level, despite lower sales revenues.

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MUEHLHAN AG - Internationaler Spezialist für maritimen Oberflächenschutz