DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia Continues to Improve its Earnings Power and
(firmenpresse) - Francotyp-Postalia Holding AG / Quarter Results/Quarter Results
28.05.2010 07:25
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Francotyp-Postalia Continues to Improve its Earnings Power and Financial
Strength in the First Quarter of 2010
- EBITDA increases to EUR 7.1 million
- Free cash flow increases to EUR 5.0 million
- Forecast for full year 2010: Revenues increase to EUR 130 to EUR 135
million with EBITDA at EUR 22 to EUR 24 million
Birkenwerder, 28th May 2010. Francotyp-Postalia Holding AG, a provider of
mail management services active worldwide, increased its earnings power and
strengthened its financial position in the first quarter of 2010. Although
sales declined slightly, EBITDA improved to EUR 7.1 million, compared to
EUR 5.3 million in the same quarter of the previous year. Free cash flow,
which is the difference between cash inflow from operating activities and
cash outflow from investment, increased by EUR 2.1 million to EUR 5.0
million.
In the first three months of this year, revenues in the FP Group reached
EUR 33.6 million, compared to EUR 34.2 million in the same period last
year. Recurring revenues from service contracts, rentals, consumables,
postal services and software services remained stable. However, new
business continued to be sluggish due to the still very difficult state of
the economy.
In terms of operating profitability, the FP Group improved its results.
This positive development is largely due to the successful restructuring
process carried out last year, combined with strict cost management. While
material expenses increased by EUR 0.4 million to EUR 9.2 million due to an
increase in finished and unfinished products, personnel expenses fell by
EUR 0.9 million to EUR 12.7 million. At the same time, other expenses also
declined by EUR 0.3 million to EUR 7.9 million, while depreciation and
amortization decreased by EUR 0.5 million to EUR 5.6 million. Consolidated
net income improved in the first quarter of 2010 to EUR -0.7 million,
compared to EUR -2.0 million in the same quarter of the previous year.
Outlook for 2010
Despite the continuing challenges posed by its operating environment, the
FP Group expects revenues and EBITDA figures to close slightly up for the
full financial year 2010, compared to the previous year. The Company is
forecasting revenues of between EUR 130 to EUR 135 million and an EBITDA of
between EUR 22 to EUR 24 million. In the previous year, the Company closed
its year-end figures with total revenues of EUR 129.0 million and a
comparable EBITDA result of EUR 22.0 million.
'In view of the improvements we have made to cost structures and the high
level of recurring sales, we see a good chance for a slight upturn in
business during the current year, despite the ongoing difficulties posed by
our operating environment,' commented Hans Szymanski, CFO for the FP Group.
Developments in the first quarter show that the FP Group is gaining in
profitability, step-by-step. 'We intend to continue down this route over
the coming quarters, and will further optimize our cost structure in order
to maintain and expand the profitability of the FP Group,' continued
Szymanski.
Contact
Francotyp-Postalia Holding AG
Corporate Communication
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 a worldwide service provider for
professional mail processing solutions. The FP Group's range of products
and services includes franking and inserting machines, the direct
collection of business mail to Online-Brief, its online mail service 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
2009 came to 129 million euros. Worldwide, the Group employs over 1,000
people.
28.05.2010 07:25 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Francotyp-Postalia Holding AG
Triftweg 21-26
16547 Birkenwerder
Deutschland
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, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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Datum: 28.05.2010 - 07:25 Uhr
Sprache: Deutsch
News-ID 21596
Anzahl Zeichen: 0
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Kategorie:
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