DGAP-News: Masterflex SE continues to grow successfully
(firmenpresse) - DGAP-News: Masterflex SE / Key word(s): Final Results
Masterflex SE continues to grow successfully
26.03.2013 / 08:30
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Masterflex SE continues to grow successfully
- Provisional figures for 2012 confirmed: revenue EUR 55.0 million, EBIT
margin 13.7%
- Consolidated net income for the year EUR 4.4 million, earnings per
share EUR 0.50
- Equity ratio now 39.1%
- Internationalisation making progress
- New unified brand presence for the Group
Gelsenkirchen, 26 March 2013 - Masterflex SE, the specialist for high-tech
hoses and connector systems, has continued on its course of profitable
long-term growth. CEO Dr Andreas Bastin: 'In its entire history, Masterflex
has never sold so many high-tech hoses and connector systems as in 2012.
Last year had its ups and downs. On balance, it was a successful year.'
At today's financials press conference, Masterflex confirmed the
pre-publication provisional figures for the 2012 financial year. Revenue
increased from EUR 53.0 million to EUR 55.0 million (+3.7%). Operating
earnings before interest and taxes (EBIT) increased from EUR 7.5 million
(2011) to EUR 7.6 million. This equates to an EBIT margin of 13.7%. The low
increase compared to the increase in revenue is primarily attributable to
initial costs for internationalisation. Bastin: 'We are investing in our
growth, which is based on continued internationalisation and innovation.
But acquisitions in the hose business are also possible.'
Due to significant debt reduction and the resulting increase in the rating,
net finance costs improved considerably in 2012 and now amount to EUR -1.6
million (previous year: EUR -2.2 million). The costs for the change of
legal form (AG to SE) of EUR 0.2 million (previous year: 0) are reported
separately under non-operating expenses. Earnings from continued business
units therefore came to EUR 4.9 million (previous year: EUR 4.3). Expenses
from discontinued business at EUR -0.3 million (previous year: EUR -0.1
million) are slightly higher because of provisions established for a legal
dispute.
Consolidated net income amounted to EUR 4.4 million (previous year: EUR
3.9 million). Earnings per share came to EUR 0.50 (previous year: EUR
0.44). Masterflex is still unable to pay a dividend for 2012.
On the basis of the net profit for the year, the equity ratio again
increased to its present level of 39.1% (previous year: 31.9%).
Last year, a series of important intermediate steps were taken: The change
of legal form (AG to SE) was successfully implemented. The launch in Asia
took place. After initial administrative hurdles, we entered Asia
expectantly. In order to focus the company's outward identity and
strengthen a consistent corporate appearance, the Group's market and brand
presence was unified. In future, the Masterflex Group and its companies
will offer their products and services under five brands:
The slogan Connecting Values represents the promise that Masterflex creates
clear added value for the user with the high-tech hoses and connector
systems it develops itself.
Masterflex wants to continue to position itself on the market with this
promise. Bastin: 'The use of high-tech hoses offers much more potential
than is nowadays associated with the term 'hose'. We want to tap this
potential through continued profitable growth. This includes developing our
internal processesand structures. Our goal is global market leadership in
the market for high-tech hoses and connector systems.'
The figures for the 2012 financial year can be seen below.
31.12.2- 31.12.2- ChangeThe Masterflex Group is a specialist in the development and production of
012 011
Consolidated revenue (EURk) 54,984 52,999 3.7%
EBITDA (EURk) 10,171 9,964 2.1%
EBIT (EURk) 7,556 7,499 0.8%
EBT (EURk) 5,989 5,261 13.8%
Consolidated earnings from 4,904 4,256 15.2%
continued business units (EURk)
Consolidated earnings from -262 -114 -129.8%
discontinued business units (EURk)
Consolidated earnings (EURk) 4,443 3,883 14.4%
Consolidated equity (EURk) 20,524 16,239 26.4%
Consolidated equity ratio 39.1% 31.9%
Consolidated total assets (EURk) 52,435 50,930 3.0%
Employees 501 448 11,8%
EBIT margin 13.7% 14.2%
Return on sales 8.9% 8.0%
Consolidated earnings per share
from continued business units (EUR) 0.53 0.45 17.8%
from discontinued business units (EUR) -0.03 -0.01 200.0%
from continued and
discontinued business units (EUR) 0.50 0,44 13,6%
high-quality connector and hose systems. With 13 operating units in Europe,
America and Asia, the Group is represented almost all over the world. Its
growth is driven by internationalisation and innovation.
Contact: Dr Annette Littmann, tel. +49 209 970 77 44, e-mail:
annette.littmann(at)masterflex.de
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: 549 293
Indices: 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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205118 26.03.2013
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