Publishing of Annual Report 2012

Publishing of Annual Report 2012

With an increase of 8.1 percent in turnover to € 186.2m (2011: € 172.3m), Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) reported significantly better Earnings before Interest and Tax than in the previous year. The EBIT improved by € 5.8m from € -1.3m to its current level of € 4.5m. Due to a very high income tax burden, the corporate surplus amounted to € 148k (2011: € -3.9m).

The improved income data confirm that the Group’s strategic reorientation of placing greater emphasis on industrial corrosion protection in the gas and oil sectors, industry and other services is the correct step to compensate for the decline in the maritime sector and to lead Muehlhan sustainably back into the profit zone.