MBH Corporation delivers significant 31% revenue growth in 2022 amidst challenging business conditions.
Announcement provided byMBH Corporation Plc · M8H
MBH Corporation Plc (M8H)
The MBH Corporation has delivered a Group record-breaking revenue for 2022 of
28 April 2023,
Solid financial position
The balance sheet of the Group remains very strong, with a 2022 year-end net asset position of
Group Verticals Performance
The revenue increase of 31% was led primarily by the Group’s 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 Group’s total revenue and 94% of total Group’s EBIT.
Group Performance 2022 [audited]
Item 2022 [
Revenue 142,844 108,765
EBIT 3,392 5,164
Net Profit after tax 2,181 66
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
Information and Explanation of the Issuer to this News:
Victoria Sylvester, CEO, MBH Corporation plc, said: 'We are pleased with the performance of the companies within the Group who continue to transform in how they operate and to remain at the forefront of their industry sector. The significant growth in revenue is testament not only to the level of product and service offering from the companies within the Group - but also to their resilience operating within competitive business environments.
MBH’s growth in 2022 was organic and we would expect further increases in revenue and EBIT in 2023 resulting from new acquisitions made by the Group.
I would like to extend my sincere thanks to the Group company leadership and operational teams who continue to be consistent and relentless in supporting their clients and important audiences”.
MBH Corporation plc (M8H:GR) is a diversified investment holding company, listed on the
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