COVID19 Update

Covid19 Update

Statement from MBH Corporation on Covid


17 February 2021


The MBH Board has decided to issue a brief statement on the expected impact of Covid-19 on MBH Corporation PLC ahead of its formal release of its 2020 Annual Report on April 30th 2021.

 

In 2019, a large percentage of the Group revenue and profits were generated from the construction industry in both the United Kingdom and New Zealand. Both of those sectors have been impacted by the consequences of the Covid-19 pandemic, resulting in many projects targeted for 2020 being put on hold - some with new delayed completion dates and others unknown at this stage.

 

Whilst the successful addition of other companies to the MBH Group last year, plus success in other areas, have offset the lost revenue, the Group’s overall EBIT, and consequently the Groups EPS (Earnings per share), have been negatively impacted, which the Board believes would not have been the case had it not have been for situations arising from the global pandemic. In MBH's 2020 full year annual report, the impact of the pandemic on the financial performance will be addressed in more detail. Overall the Board remains extremely pleased with the efforts of the companies in the group and its ability to continue to attract great companies providing a very positive outlook for the future of MBH.

 

Financial Announcements Policy:

 

Currently, in line with the home markets in Germany regulated by the BAFIN, the Group is required to announce unaudited half year financial statements and audited full year financial statements once a year. The dates of these announcements are available on the MBH website (www.mbhcorporation.com/financial-reports). Outside of those requirements, the Group’s policy is not to issue forecasts, guidance or preliminary numbers. Whilst MBH will be as accommodating as possible to analysts covering the business, no information will be shared with them that is not publicly available.


For a full explanation of the reasoning behind the MBH policy and thoughts on the long term future of MBH, a statement from MBH CEO Callum Laing is available at:
www.mbhcorporation.com/mbh-the-long-term-game.

Contact Us

Share by: