DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia drives forward realignment in 2011
(firmenpresse) - DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Preliminary
Results/Preliminary Results
Francotyp-Postalia Holding AG: Francotyp-Postalia drives forward
realignment in 2011
28.02.2012 / 07:00
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Corporate News
Francotyp-Postalia drives forward realignment in 2011
- Financial year 2011 dominated by development of innovative franking
system PostBase and establishment of new production
- FP Group generates revenue of EUR 159.0 million and EBITDA before
restructuring costs of EUR 21.5 million in 2011 according to
provisional, unaudited figures
- FP Group to start marketing De-Mail at CeBIT on 6 March 2012
Birkenwerder, 28 February 2012. Francotyp-Postalia Holding AG, the first
multi-channel provider for mail communication, increased its revenue to EUR
159.0 million in 2011 according to preliminary calculations, compared with
EUR 147.3 million in the previous year. This is in addition to a slight
operative increase in revenue due to a change in reporting logic as part of
the new regulations for sales tax on postal services in Germany that came
into effect on 1 July 2010. For 2011 as a whole, this results in an effect
totalling EUR 24.5 million as against EUR 12.0 million in the previous
year. In the fourth quarter of 2011, the FP Group generated revenues of EUR
40.1 million, which is slightly higher compared to revenues generated in
the third quarter 2011 (EUR 38.0 million). Nevertheless the FP Group could
not reach the revenue level of the same quarter of the previous year of EUR
41.5 million, as the company saw a slight degree of restraint among
customers in Germany in view of the upcoming launch of PostBase.
In 2011, the FP Group drove forward its realignment as a multi-channel
provider, making numerous investments. The key measures included preparing
for the launch of the completely new franking system PostBase, entering the
sector of fully electronic mail communications through the acquisition of
De-Mail specialist Mentana-Claimsoft, and restructuring production,
including setting up new production at the Wittenberge location.
The restructuring of production in line with planning led to one-off
restructuring costs totalling EUR 8.7 million in 2011. Before restructuring
costs, the FP Group generated provisional EBITDA of EUR 21.5 million in the
past financial year, as compared to EUR 26.8 million in the previous year.
In addition to lower revenue than expected overall, earnings were
negatively impacted in particular by the expiry of the site continuation
agreement in the amount of EUR 1.5 million, negative exchange rate effects
in the amount of EUR 1.0 million and higher personnel expenses due to the
development of sales in the amount of EUR 1.5 million. Including the
above-mentioned one-off restructuring costs, operating earnings before
interest, taxes, depreciation and amortisation amounted to EUR 12.8
million, compared with EUR 25.5 million in 2010.
'In 2011 we laid the foundations to become the first multi-channel provider
covering all dispatch channels relating to mail,' says Hans Szymanski, CEO
of
the FP Group. 'We can be particularly proud that we are the first company
to be issued the accreditation certificate as a De-Mail provider by the
Federal Office for Information Security (BSI).'
The FP Group sees new sales potential forthe medium to long term in
marketing De-Mail in particular. The development will primarily depend on
how quickly the market accepts the new technology. The company expects to
gain a 10% share of the De-Mail market within three to four years. The
company plans to issue the specific outlook for the current financial year
together with the presentation of the final figures on 19 April 2012.
Contact
Francotyp-Postalia Holding AG
Corporate Communications
Sabina Prüser
Tel: +49 (0)3303 525 410
Fax: +49 (0)3303 53707 410
E-mail:s.prueser(at)francotyp.com
The FP Group in Brief
Francotyp-Postalia Holding AG is the first multi-channel-provider provider
for mail communications. The FP Group's range of products and services
includes franking and inserting machines, the direct collection of business
mail to hybrid-mail and full digital mail solutions for private and
commercial users. Headquartered in Birkenwerder near Berlin, the Group's
wide product spectrum enables it to provide tailored mail management
services. With a corporate history that goes back over 85 years and local
branches in many industrialised countries, the FP Group currently holds
around 10% of the worldwide franking machine market. Today it is profiting
in all its segments from the increasing liberalisation of mail markets and
the trend for businesses to outsource their outbound mail processes to
professional service providers. Total revenue in financial 2010 came to
147.3 million euros. Worldwide, the Group employs over 1,000 people.
End of Corporate News
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Language: English
Company: Francotyp-Postalia Holding AG
Triftweg 21-26
16547 Birkenwerder
Germany
Phone: +49 (0)3303 525 777
Fax: +49 (0)3303 53 70 77 77
E-mail: ir(at)francotyp.com
Internet: www.francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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158301 28.02.2012
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