DGAP-News: Masterflex SE: Strong growth over the course of the year
(firmenpresse) - DGAP-News: Masterflex SE / Key word(s): Quarter Results
Masterflex SE: Strong growth over the course of the year
11.11.2013 / 08:05
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Masterflex SE: Strong growth over the course of the year
- Increase in turnover of 10.3% in Q3/2013 making + 5.1% to date
- Roughly stable EBIT margin of 10.5%
- First roll-out stage of staff recruitment completed in Asia
Gelsenkirchen, 11 November 2013: During the course of the first nine months
of 2013, the business in Masterflex SE high-tech hoses and connector
systems has improved dynamically. In Q3/2013 alone, turnover stood at
EUR15.2 million, up around 10.3 percent over the same period over the
previous year. For the first nine months of 2013, turnover of EUR44.2
million corresponds to a growth of 5.1 percent.
Dr. Andreas Bastin, Masterflex CEO, sums up: 'Over the last decade, we have
never had such good turnover from our high-tech hoses as we had in Q3/2013.
After a weak start to the year, our business has increased dynamically. Our
international activities in America and Asia have been a significant
contributing factor to this. It shows our internationalisation strategy is
proving to be effective.'
As planned, operating income (EBIT) has worked out slightly less. The
reported EBIT of EUR4.7 million and resulting EBIT margin of 10.5 percent
reflect the -
predominantly non-capitalisable - roll-out costs, primarily staff costs,
needed for expansion in Asia. 'The EBIT slump may now have almost bottomed
out yet, looking forward, this will change again', Bastin continues.
'Because the first stage in the roll-out of the sales organisation in Asia
has now been completed. Thus, for the first time since 2011, the staff cost
ratio over the first nine months has slightly dropped in comparison to 37.2
percent over the first half year (37.7 percent, previous year: 35.6
percent). The focus is now on getting all processes running smoothly as
quickly as possible.'
In addition, under the second pillar of growth strategy, namely product
innovation, continuous further development can be recorded. In September, a
new generation of spiral hose, Master-PUR Performance(R), was launched.
This innovation is a completely seamless smooth, but comparatively very
flexible, spiral hose which withstands
extremely high mechanical loads, such as the transporting of heavy bulk
materials, by virtue of its customised manufacturing process (see Press
release of 05.09.2013). The next, major innovative market launch is lined
up for the start of 2014.
The press conference on the annual results for the 2013 financial year will
take place on 28 March 2014.
Key figures Q3/2013
30.09.2- 30.09.2-The Masterflex Group is a specialist in the development and production of
013 012 Change
Consolidated revenue (kEUR) 44,153 42,025 +5.1%
EBITDA (kEUR) 6,563 7,854 -16.4%
EBIT (kEUR) 4,655 5,907 -21.2%
EBT (kEUR) 3,515 4,699 -25.2%
Consolidated earnings from continued business 2,246 3,081 -27.1%
units (kEUR)
Consolidated earnings from discontinued -29 -215
business units (kEUR)
Consolidated net income/loss (kEUR) 2,087 2,733 -23.6%
Earningsper share from continued business
units (EUR) 0.24 0.33 -27.3%
Earnings per share from discontinued business
units (EUR) 0.00 -0.02
Earnings per share (EUR) 0.24 0.31 -22.6%
EBIT margin 10.5% 14.1%
Employees 529 497 6.4%
30.09.20 31.12.20
13 12 Change
Consolidated equity (kEUR) 22,423 20,524 9.3%
Consolidated total assets (kEUR) 55,469 52,435 5.8%
Consolidated equity ratio (%) 40.4% 39.1%
* Continued business units
** without minority interests
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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238819 11.11.2013
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