MBH Corporation delivers significant 31% revenue growth in 2022 amidst challenging business conditions.

The MBH Corporation has delivered a Group record-breaking revenue for 2022 of GBP142.8 million. This revenue increase, which was driven organically, represents an increase of 31% from 2021. 

• Revenue up by 31% to GBP142.8 million
• Earnings Before Interest and Taxes (EBIT) GBP3.4 million
• Continued solid financial position with net cash of GBP6.8 million
• Reliable organic growth from eight MBH Corporation industry verticals
• MBH Corporation Board proposes a dividend of EUR0.001 per share which is approximately a dividend yield of 1.6% based on the share price as at 27 April 2023

28 April 2023, London: The Directors of MBH Corporation plc ("MBH"), a diversified investment holding company, are pleased to release the annual report for the year ended 31 December 2022, following a year that saw the business community emerge from a challenging business period. MBH achieved a sales growth of 31% to GBP142.8 million with strong demand for the Group companys products and services (Revenue 2021: GBP108.8 million). However, higher costs of doing business resulted in an Earnings Before Interest and Taxes (EBIT) decrease of 34% to GBP3.4 million.  Net profit after tax was GBP2.2 million compared to the previous year 2021 of GBP0.1 million. The financial figures include the results of 23 companies for the full financial year ended 31 December 2022.

Solid financial position

The balance sheet of the Group remains very strong, with a 2022 year-end net asset position of GBP71.7 million, an increase of 14% over 2021. The Group's cash position remains healthy and in 2022 generated GBP3.6 million in cash flow from the Group's operating activities. As in 2022, Cash generation will continue to be a focus for the Group in 2023.

Group Verticals Performance

The revenue increase of 31% was led primarily by the Groups Construction and Engineering verticals - due to effective business development activities and a large order book. The Construction, Leisure and Education verticals collectively represent 86% of the Groups total revenue and 94% of total Groups EBIT.

Group Performance 2022 [audited]

Item                            2022 [GBP000's]        2021 [GBP000's]

Revenue                    142,844                       108,765

EBIT                              3,392                           5,164

Net Profit after tax         2,181                          66

Outlook 2023

Whilst MBH does not offer guidance to the market, it does intend to continue its growth in 2023 through acquisitions - bringing new companies into the Group and continuing to strengthen its position. As in previous years, the MBH Corporation Board remains highly focused on identifying global and local businesses that it believes will continue to add value to shareholders in coming years.

The full MBH Corporation 2022 Annual Report is available on the MBH Corporation website at: https://www.mbhcorporation.com/financial-report-2022