Politics

MBH Corporation hails market-beating growth rates

MBH Corporation Plc (FRA:M8H) said it was one of the fastest-growing companies among Europes newly listed small caps last year, and one of only five to pay a dividend.

The UK-focused holding company carried out an analysis to compare its performance to all European small caps that have completed an initial public offer in the past year.

The analysis of the 67 companies that floated on Londons AIM, the Frankfurt Scale segment, Euronext Access, Euronext Growth and Borsa Italiana AIM-MAC showed revenues grew on average by 43%, while average net profit growth was 10%, with around a third of the newly listed small caps posting a loss.

Italian private equity company Innovative-RFK was the fastest-growing company in terms of revenues across the continent, up 900% year-on-year to €0.2mln in 2019 but with no earnings to speak of.

MBH showed the second-fastest growth in terms of revenue, up 306% to £50.8mln, and with one of the fastest levels of earnings growth, up 190% to £3.6mln.

In third and fourth places in terms of revenues were two Italian media companies, Media-Maker and Iervolino Entertainment.

Callum Laing, MBHs chief executive officer, said: “We are very proud of the incredible growth and of the fact that we were able to pay our first dividend within such a short time after our stock exchange listing.

“The analysis carried out clearly shows that we are among the fastest-growing stocks on tRead More – Source