DGAP-News: Q3: Masterflex SE growth continues
(firmenpresse) - DGAP-News: Masterflex SE / Key word(s): Quarter Results
Q3: Masterflex SE growth continues
12.11.2012 / 09:00
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Press Release
Q3: Masterflex SE growth continues
- Revenue up by 4.8%
- EBIT margin stable at 14.1%
- Earnings per share now 31 cents
Gelsenkirchen, 12 November 2012 - In the first nine months of the year
Masterflex SE, the global specialist in high-tech plastic hoses, generated
revenue of EUR 42.0 million. This represents a rise of 4.8%, with operating
results of EUR 5.9 million. The corresponding gross margin of 14.1% is in
line with the company's long-term route to growth.
'Our business in sophisticated connective hose systems is operating at
unprecedented levels. We had anticipated a stronger third quarter, but the
European market is still suffering from the current sovereign debt crisis'
stated CEO Dr. Andreas Bastin.
In principle, Masterflex is standing by its annual forecast for 2012,
although it is no longer possible to rule out annual sales falling slightly
short for 2012 compared with the anticipated and ambitious forecast for
sales growth of EUR 57 to EUR 58 million. Profitability of the business
remains high despite the up-front costs required for internationalisation.
Bastin confirmed: 'We are looking at an EBIT margin in the region of 14%,
even when taking into account a slight shortfall in our sales targets.'
The internationalisation of Masterflex continues apace, with the focus
currently on Asia. In China, assembly capacities are currently being
established and the first significant new business has already been
generated. Bastin stated: 'In the medium term, business in Asia and America
should flow alongside the traditional mainstay business in Europe so it can
develop and become more independent from individual regions and sectors.'
In the field of product innovations, Masterflex has also been able to
advance by expanding its portfolio of high-tech plastics injection molding
parts. With the acquisition of a two-component (2-C) machine, the
subsidiary Fleima-Plastic can now manufacture 2-C injection molding
elements in a single step process. This process typically uses a
combination of hard support material and a malleable, soft surface, similar
to the way this is used for a tumour marker in medical engineering.
Bastin confirmed: 'High-tech plastics continue to have enormous potential,
not only in terms of possible combinations of materials and additives to
achieve new product features of interest to our customers, but also in
terms of production processes, an area in which we have spent years, indeed
decades, building our know-how. This is why we see plenty of scope for
future growth in our high-tech connecting solutions.'
30.09.2- 30.09.2-The Masterflex Group is a specialist in the development and production of
012 011 Change
Consolidated revenue (EUR thou.) 42,025 40,098 4.8%
EBITDA (EUR thou.) 7,854 7,838 0.2%
EBIT (EUR thou.) 5,907 5,855 0.9%
EBT (EUR thou.) 4,699 4,201 11.9%
Consolidated earnings from continued business 3,081 2,730 12.9%
units (EUR thou.)
Consolidated earnings from discontinued -215 -145 -48.3%
business units (EUR thou.)
Consolidated net income/loss (EUR thou.) 2,733 2,381 14.8%
Earnings per share from continued business
units (EUR) 0.33 0.28 17.9%
Earnings per share from discontinued business
units (EUR) -0.02 -0.01
Earnings per share (EUR) 0.31 0.27 14.8%
EBIT margin 14.1% 14.6%
Employees 497 461 7.8%
30.09.20 31.12.20
12 11 Change
Consolidated equity (EUR thou.) 18,836 16,239 16.0%
Consolidated total assets (EUR thou.) 51,976 50,930 2.1%
Consolidated equity ratio (%) 36.2% 31.9%
high-quality connector and hose systems. With 12 operating units in Europe,
America and Asia, the Group is represented almost all over the world. Its
growth is driven by internationalisation and innovation. Masterflex shares
have been listed as Prime Standard on the German stock exchange since 2000.
Contact: Dr. Annette Littmann, annette.littmann(at)masterflex.de Phone + 49
209 970 77 44
End of Corporate News
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Language: English
Company: Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 97077-44
Fax: +49 (0)209 97077-20
E-mail: annette.littmann(at)masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293Indices: Prime all share
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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192488 12.11.2012
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