DGAP-News: Francotyp-Postalia Holding AG: FP Group continues good operating performance
(firmenpresse) - DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Preliminary
Results/Quarter Results
Francotyp-Postalia Holding AG: FP Group continues good operating
performance
07.11.2013 / 07:08
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Corporate News
FP Group continues good operating performance
- Preliminary figures for the third quarter of 2013: revenue of EUR 41.4
million, EBITDA of EUR 5.4 million
- Revenue for the first nine months increases to EUR 126.9 million,
EBITDA rises to EUR 16.9 million
- Company confirms forecast for year as a whole
Birkenwerder, 7 November 2013. Francotyp-Postalia Holding AG, the first
multi-channel provider for mail communication, continued its good operating
performance in the third quarter of 2013. According to preliminary
calculations, negative exchange rate effects of EUR -0.9 million meant that
revenue increased only moderately to EUR 41.4 million in the third quarter
after EUR 41.2 million in the same period of the previous year. In the
first nine months of 2013, revenue improved to EUR 126.9 million compared
with EUR 123.9 million in the previous year.
EBITDA up 20.7%
Revenue growth and the efficiency improvements resulting from the relaunch
of production in Wittenberge in 2012 have allowed the FP Group to achieve
substantially higher EBITDA in the current financial year. According to
preliminary calculations, operating earnings before interest, taxes,
depreciation and amortisation increased by 20.7% to EUR 16.9 million in the
first nine months of 2013 after EUR 14.0 million in the same period of the
previous year. EBITDA for the third quarter of 2013 remained unchanged
year-on-year at EUR 5.4 million due to exchange rate effects, which
amounted to EUR -0.6 million in the third quarter of 2013 and EUR -0.9
million in the first nine months of the year.
According to preliminary calculations, earnings before interest and taxes
(EBIT) increased to EUR 8.2 million in the first nine months of the year
after EUR 6.9 million in the previous year. In the third quarter of 2013,
the expected higher level of depreciation and amortisation on newly
launched leased products and capitalised development projects meant that
EBIT declined to EUR 2.3 million after EUR 2.8 million in the previous
year. These development projects, including the PostBase franking system
and the independent De-Mail solution, will form the basis for profitable
growth beyond 2013.
In terms of free cash flow, too, the FP Group achieved a substantial
improvement in the first nine months of the current financial year, with
the net total of cash from operating activities and cash used in investing
activities amounting to EUR 1.7 million based on preliminary calculations
compared with EUR -5.7 million in the same period of the previous year.
Confirmation of revenue and earnings forecast for 2013
With the course of business having met expectations in the first nine
months of 2013, the FP Group is confirming its forecast for the year as a
whole of revenue of at least EUR 168 million, EBITDA of at least EUR 22
million and EBIT of at least EUR 9 million. FP CEO Hans Szymanski: 'The
positive operating performance in the first nine months shows that the FP
Group is on the right path.'
Quarterly figures at a glance:
in EUR million Q3 2013 Q3 2012 ChangeNine-monthly figures at a glance:
Revenue 41.4 41.2 +0.5%
EBITDA 5.4 5.4 +0.0%
EBIT 2.3 2.8 -17.9%
Free cash flow 1.7 0.3 +466.7%
in EUR million Q1-Q3/2013 Q1-Q3/2012 ChangeContact
Revenue 126.9 123.9 +2.4%
EBITDA 16.9 14.0 +20.7%
EBIT 8.2 6.9 +18.8%
Free cash flow 1.7 -5.7 n/a
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
About Francotyp-Postalia Holding AG
The FP Group is the first multi-channel provider for mail communication.
The globally active company offers the entire range of products and
solutions for business and private customers. In addition to standard
machines for franking and inserting mail, its offering includes services
such as the collection of business mail and innovative software solutions
such as the fully electronic letter. The FP Group, based in Birkenwerder
near Berlin, can therefore provide tailored multi-channel solutions. The
Group currently operates its own branches in a number of industrialised
countries and holds a global market share in franking machines of around
10%. With a history dating back 90 years, the FP Group today benefits
across all markets from the increasing liberalisation of postal markets and
the readiness of companies to outsource their business mail to professional
service providers. In the 2012 financial year, the company generated
revenue of EUR 165.6 million. The FP Group employs around 1,100 people
worldwide.
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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238417 07.11.2013
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