euro adhoc: Mühlbauer Holding AG & Co.KGaA / Quarterly or Semiannual Financial Statements / Increase in results by more than 50% - with a high level of order backlog into the second quarter (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

Roding, April 28, 2004: With an order income at 35.8 mill. EUR and an order backlog at 42.0 mill. EUR the Prime Standard-listed Mühlbauer Holding AG & Co. KGaA, a worldwide active supplier of innovative solutions for security industries, looks forward to a positive second quarter. As expected sales could not benefit yet from the positive order situation and reached 21.1 mill. EUR (22.8) in the first quarter 2004, while the EBIT shows a substantial increase of 54.3% at 1.9 mill. EUR (1.3). The EBT increased - due to positive interest income - by 58.7% to 2.1 mill. EUR (1.3). Return on sales reached 9.9% (5.7%) in the first quarter. This almost comes up to the double-digit return on sales of the business year 2003 (10.0%) Net earnings amount to 1.4 mill. EUR (0.9). In the period under report EPS enlarged by 50.0% to 0.09 EUR (0.06 EUR). With a free cash flow of +6.6 mill. EUR (-0,5) in the first quarter the company continues its successful working-capital-management .

Compared with the previous year (23.3) order income increased by 53.9% to 35.8 mill. EUR. Smart Identification core business had the major percentages of 43.7% at 15.6 mill. EUR (10.6). The order income of the Semiconductor Related Products sector could be more than doubled to 14.2 mill. EUR (6.7). With 1.0 mill. EUR Traceability is below the order income of the previous year (1.3), while Precision Parts and Systems could increase the order income by 7.0% to 5.0 mill. EUR (4.6). Order backlog as of March 31, 2004 totalled 42.0 mill. EUR (29.7).

The complete quarterly report Q1/2004 is available at http://www.muehlbauer.de.

Contact and further information:
Investor Relations, Tel.: +49 (0) 9461-952-653, Fax: +49 (0) 9461-952-8520, investor-relations@muehlbauer.de, Muehlbauer Holding AG & Co. KGaA, Werner-von-Siemens-Str. 3, D-93426 Roding, www.muehlbauer.de.

Further inquiry note:
Christine Meier
Tel.: +49 (0)9461 952 653
E-Mail: christine.meier@muehlbauer.de
Tel: +49(0)9461-952-0
FAX: +49(0)9461-952-788
Email: investor-relations@muehlbauer.de

Emittent: Mühlbauer Holding AG & Co.KGaA Werner-von-Siemens-Str. 3 DE-93426 Roding Tel: +49(0)9461-952-0 FAX: +49(0)9461-952-788 Email: investor-relations@muehlbauer.de WWW: http://www.muehlbauer.de ISIN: DE0006627201 WKN: 662720

end of announcement euro adhoc

Indizes: CDAX, Nemax 50, Prime All Share, Prime Standard, Technologie All Share
Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse Branche: Machine Manufacturing
Sprache: Englisch

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0002