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    M4N   DE000A0KD0F7

MUEHLHAN AG

(M4N)
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DGAP-Adhoc: Muehlhan AG: Contract concluded for the sale of Gerüstbau Muehlhan GmbH and adjustment of Muehlhan AG's forecast for the 2021 financial year

07/30/2021 | 11:46am EDT
DGAP-Ad-hoc: Muehlhan AG / Key word(s): Change in Forecast/Disposal 
Muehlhan AG: Contract concluded for the sale of Gerüstbau Muehlhan GmbH and adjustment of Muehlhan AG's forecast for 
the 2021 financial year 
30-Jul-2021 / 17:45 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Publication of Inside Information in Accordance with Article 17 MAR 
Muehlhan AG: Contract concluded for the sale of Gerüstbau Muehlhan GmbH and adjustment of Muehlhan AG's forecast for 
the 2021 financial year 
Hamburg, July 30, 2021-Muehlhan AG (Open Market; ISIN DE000A0KD0F7; WKN A0KD0F) hereby announces that it has today 
concluded a purchase agreement with Brand Energy & Infrastructure Services GmbH for the sale of all shares in Gerüstbau 
Muehlhan GmbH. The agreed purchase price (enterprise value) is approximately EUR28 million. 
With Brand Energy & Infrastructure Services GmbH, a buyer has been found who intends to further expand its strategic 
position in European scaffolding projects through the acquisition of Gerüstbau Muehlhan GmbH. The conclusion of the 
purchase agreement remains, in particular, subject to clearance by the Bundeskartellamt (German Federal Cartel Office) 
as part of the statutory merger control proceedings. 
Without the sale, the Executive Board and Supervisory Board of Muehlhan AG expect year-over-year revenues and earnings 
from operations to recover in 2021, as long as the coronavirus restrictions that have currently been largely lifted are 
not reintroduced in the short term. The revenues (EUR295.3 million) and results (EBIT of EUR12.4 million) of 2019 will not 
be achieved. The deconsolidation result from the sale of Gerüstbau Muehlhan GmbH of approximately EUR15 million to EUR20 
million will be added to the operating result. The deconsolidation result is expected to be realized in the second half 
of 2021. 
You can request further information from: 
Muehlhan AG 
Investor Relations 
Frithjof Dorowski 
Phone: +49 (0)40 752 71-166 
E-mail: investorrelations@muehlhan.com 
About Muehlhan: Worldwide, Muehlhan Group is a reliable partner in industrial services. As one of the few full-service 
providers, we offer our customers a broad spectrum of industrial services with professional industrial quality 
standards. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise 
that differentiates us from our competitors, and our more than 135 years of experience. We have an established market 
presence in the four business segments in which we operate: Ship, Renewables, Oil & Gas and Construction/ 
Infrastructure. Muehlhan AG is a listed company and is traded on the Open Market under ISIN DE000A0KD0F7 / WKN A0KD0F. 
You can find additional information at www.muehlhan.com 
Contact: Muehlhan AG; phone: +49 40 75271-0; e-mail: investorrelations@muehlhan.com 
=---------------------------------------------------------------------------------------------------------------------- 
30-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Muehlhan AG 
              Schlinckstrasse 3 
              21107 Hamburg 
              Germany 
Phone:        +49 40 75271 0 
Fax:          +49 40 75271 130 
E-mail:       investorrelations@muehlhan.com 
Internet:     www.muehlhan.com 
ISIN:         DE000A0KD0F7 
WKN:          A0KD0F 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1223110 
 
End of Announcement  DGAP News Service 
=------------ 

1223110 30-Jul-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223110&application_name=news 
 

(END) Dow Jones Newswires

July 30, 2021 11:45 ET (15:45 GMT)

Stocks mentioned in the article
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LONDON BRENT OIL 0.97% 75.28 Delayed Quote.45.09%
MUEHLHAN AG 4.19% 3.48 Delayed Quote.31.82%
WTI 0.97% 71.41 Delayed Quote.48.70%
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Financials
Sales 2021 237 M 278 M 278 M
Net income 2021 13,1 M 15,4 M 15,4 M
Net cash 2021 13,0 M 15,2 M 15,2 M
P/E ratio 2021 5,12x
Yield 2021 3,45%
Capitalization 67,4 M 79,0 M 79,0 M
EV / Sales 2021 0,23x
EV / Sales 2022 0,21x
Nbr of Employees 2 750
Free-Float 99,4%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 3,48 €
Average target price 4,80 €
Spread / Average Target 37,9%
EPS Revisions
Managers and Directors
Stefan Johannes Müller-Arends Chairman-Executive Board & Chief Executive Officer
Philip Charles Percival Chairman-Supervisory Board
Andreas C. Krüger Chief Operating Officer
Gottfried Neuhaus Deputy Chairman-Supervisory Board
Andrea Brandt Member-Supervisory Board
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