Maschinenfabrik Berthold Hermle AG

Maschinenfabrik Berthold Hermle AG is a Germany-based company engaged in the production of universal milling machines and machining centers. The Company’s products are used for the machining of tools, molds and series-produced parts in a variety of sectors, including medical technology, optics, aviation, automotive and racing, as well as in tool and mold making. The Company’s product range encompasses Machining Centers C series and MT series. Along with the machines, the Company offers a broad range of services, such as repair and maintenance, teleservice, remote control, remote diagnostics, spare parts and training. It markets products in Europe, North America, South America, Asia, Africa and Australia.

Full List of Officers

Dietmar Hermle
Chairman of the Supervisory Board

Lothar Hermle
Vice Chairman of the Supervisory Board
Start date: 2008-7-9

Sonja Leibinger
Vice Chairman of the Supervisory Board
Start date: 2011-7-7

Gabriele Peyerl
Chief Representative, Head of Human Resources
Start date: 2014-1-1

Guenther Beck
Member of the Management Board

Franz-Xaver Bernhard
Member of the Management Board

Benedikt Hermle
Member of the Management Board

Guenther Leibinger
Honorary Member of the Supervisory Board

Gerd Grewin
Member of the Supervisory Board, Employee Representative

Wolfgang Kuhn
Member of the Supervisory Board
Start date: 2011-7-7

Adolf Weber
Member of the Supervisory Board, Employee Representative

Date of incorporation
Country of incorporation DEU
Phone +49 7426 950
Fax +49 7426 951309
Investor relations contact

+49 611 20585528

Free float 1000000
Security description Common Stock
Main venue Frankfurt Stock Exchange
Ticker at main venue MBH3
Location

Industriestrasse 8-12
78559 GOSHEIM

Share price
/
 
Earnings per share
=
-75.42
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
8.98
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
8.98
Price
x
 
Shares
/
 
Own capital
=
12.93
Earnings per share
x
 
Shares
/
 
Own capital
=
-0.17%
Dividend per share
/
 
Price
=
-0%
2017 2016 2015 2014 2013
Income statement
Revenue 402.01 393.95 356.63 346.83 305.89
Other Revenue, Total
Total Revenue 402.01 393.95 356.63 346.83 305.89
Revenue Change 2% 10.5% 2.8% 13.4% 1.1%
Cost of Revenue, Total 261.70 250.98 237.36 228.80 209.72
Gross Profit 140.31 142.97 119.27 118.03 96.17
Selling/General/Admin. Expenses, Total 3.14 3.64 3.19 4.17 2.66
EBITDA 105.47 107.08 90.69 85.26 67.82
EBITDA margin (%) 26.2% 27.2% 25.4% 24.6% 22.2%
Research & Development
Depreciation/Amortization 7.76 6.97 6.74 6.22 6.54
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) -3.48 -4.07 -5.82 -3.79 -3.76
Other Operating Expenses, Total 35.18 36.32 31.21 32.39 29.46
Total Operating Expense 303.02 294.15 276.23 267.80 244.02
Operating Income 98.99 99.80 80.40 79.03 61.87
EBIT margin (%) 24.3% 25.4% 23.5% 22.8% 20%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net
Net Income Before Taxes 99.41 100.31 80.62 79.39 62.22
Provision for Income Taxes 26.08 26.46 21.44 20.63 16.68
Net Income After Taxes 73.33 73.85 59.18 58.77 45.54
Minority Interest 0.00 0.00 0.00 0.00 -0.01
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 73.32 73.85 59.18 58.76 45.53
Total Extraordinary Items
Net Income 73.32 73.85 59.18 58.76 45.53
Total Adjustments to Net Income -0.05 -0.05 -0.05 -0.05 -0.05
Income Available to Com Excl ExtraOrd 73.27 73.80 59.13 58.71 45.48
Income Available to Com Incl ExtraOrd 73.27 73.80 59.13 58.71 45.48
Dilution Adjustment
Diluted Net Income 73.27 73.80 59.13 58.71 45.48
Diluted Weighted Average Shares 5.00 5.00 5.00 5.00 4.98
Diluted EPS Excluding ExtraOrd Items 14.65 14.76 11.83 11.74 9.13
DPS - Common Stock Primary Issue 15.05 12.85 10.85 10.85 8.05
Diluted Normalized EPS 14.14 14.16 10.97 11.18 8.57
Balance sheet
Cash 103.39 120.99 101.07 96.67 96.08
Cash & Equivalents
Short Term Investments 22.12 10.61 26.01 12.14 4.00
Cash and Short Term Investments 125.51 131.60 127.08 108.82 100.08
Accounts Receivable - Trade, Net 61.16 58.64 49.92 66.69 60.78
Total Receivables, Net 64.00 60.46 50.48 68.32 61.94
Total Inventory 62.08 53.55 55.75 50.43 49.26
Prepaid Expenses 0.82 0.80 0.93 0.87 0.73
Other Current Assets, Total 1.75 1.51 1.44 1.06 2.27
Total Current Assets 254.16 247.92 235.68 229.50 214.29
Property/Plant/Equipment, Total - Gross 146.15 131.99 118.67 115.83 103.78
Accumulated Depreciation, Total -79.42 -75.04 -70.73 -67.90 -64.40
Property/Plant/Equipment, Total - Net 66.74 56.95 47.94 47.93 39.38
Goodwill, Net
Intangibles, Net 1.75 1.46 1.19 1.46 0.91
Long Term Investments 6.08 1.02 1.00 0.93 0.98
Note Receivable - Long Term
Other Long Term Assets, Total 1.96 2.22 2.54 2.91 2.66
Total Assets 330.69 309.56 288.35 282.72 258.22
Accounts Payable 11.42 8.47 8.67 9.03 9.90
Payable/Accrued
Accrued Expenses 1.17 1.39 1.24 1.46 1.32
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases
Other Current liabilities, Total 78.64 68.21 67.28 67.84 59.61
Total Current Liabilities 91.22 78.07 77.19 78.33 70.83
Long Term Debt 0.00 0.07 0.00 0.02 0.00
Capital Lease Obligations
Total Long Term Debt 0.00 0.07 0.00 0.02 0.00
Total Debt 0.00 0.07 0.00 0.02 0.00
Deferred Income Tax 0.43 0.14 0.27 0.29 0.59
Minority Interest 0.02 0.02 0.01 0.01 0.01
Other Liabilities, Total 1.52 1.35 1.09 1.25 1.64
Total Liabilities 93.19 79.64 78.56 79.89 73.06
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 15.00 15.00 15.00 15.00 15.00
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 221.64 212.36 192.57 187.45 168.73
Treasury Stock - Common 0.00 0.00 0.00 0.00
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total 0.86 2.56 2.22 0.38 1.43
Total Equity 237.49 229.92 209.78 202.83 185.16
Total Liabilities & Shareholders Equity 330.69 309.56 288.35 282.72 258.22
Total Common Shares Outstanding 5.00 5.00 5.00 5.00 5.00
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 47.15 45.69 41.72 40.27 36.85
Cashflow
Net Income/Starting Line 73.33 73.85 59.18 58.77 45.54
Depreciation/Depletion 7.81 6.97 6.74 6.23 6.55
Amortization
Deferred Taxes 0.55 0.19 0.35 -0.54 0.56
Non-Cash Items -0.44 -0.24 -1.43 -1.06 -2.02
Changes in Working Capital 1.37 -6.91 11.76 -0.32 -1.49
Cash from Operating Activities 82.61 73.87 76.60 63.08 49.14
Capital Expenditure -18.54 -16.44 -7.13 -15.38 -7.79
Other Investing Cash Flow Items, Total -15.65 16.19 -12.24 -7.21 6.74
Cash from Investing Activities -34.20 -0.25 -19.37 -22.59 -1.05
Financing Cash Flow Items
Total Cash Dividends Paid -64.05 -54.05 -54.05 -40.05 -39.94
Issuance (Retirement) of Stock, Net 0.00 4.33
Issuance (Retirement) of Debt, Net
Cash from Financing Activities -64.05 -54.05 -54.05 -40.05 -35.60
Foreign Exchange Effects -1.97 0.35 1.22 0.16 -0.21
Net Change in Cash -17.60 19.92 4.40 0.59 12.27
Cash Interest Paid
Cash Taxes Paid
Values are in EUR and expressed in million