DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia grows EBITDA and free cash flow in the first half of
(firmenpresse) - Francotyp-Postalia Holding AG / Half Year Results/Half Year Results
26.08.2010 06:57
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Francotyp-Postalia grows EBITDA and free cash flow in the first half of
2010
- Company further increases financial strength and profitability
- Net income significantly improved
- Revenues remain at previous year's level
Birkenwerder, August 26, 2010. Francotyp-Postalia Holding AG, a global
service provider for professional mail management, was able to further
increase its financial strength and profitability in the first half of
2010. On stable revenues and as a result of improved cost structures, the
Company grew its EBITDA to EUR 12.8 million, compared to EUR 9.5 million
for the corresponding period the year before. In the second quarter of
2010, EBITDA was EUR 5.7 million, compared to EUR 4.2 million for the
corresponding quarter the year before.
The FP Group was also able to significantly improve its net income. In the
first half of 2010, net income was EUR -0.8 million, partly because of
declining depreciation expense compared to EUR -4.8 million for the
corresponding period the year before.
In the second quarter of 2010, the Company generated a break-even net
income. In the corresponding quarter the year before, a net loss of EUR 2.8
million was still recorded. Free cash flow, the difference between cash
flows from operating activities and cash flows from investing activities,
also rose during the first half of the current fiscal year, amounting to
EUR 4.9 million, compared to EUR 3.3 million for the corresponding period
the year before. 'The FP Group continues to benefit from its optimised cost
structures and the restructuring programme that had been implemented in
2009,' explains the Group's Chief Financial Officer, Hans Szymanski.
Revenues stood at EUR 66.0 million in the first half of 2010, compared to
EUR 66.8 million for the previous quarter. In the second quarter of 2010,
the Company generated revenues in the amount of EUR 32.4 million, compared
to EUR 32.6 million for the second quarter of 2009. In this connection,
recurring revenues from service agreements, leasing, the sale of
consumables, as well as mail management services and software solutions
remained stable compared with the previous year's level. Revenues generated
by the sale of franking and inserting machines slightly increased in the
first half of 2010 to EUR 17.3 million, as opposed to EUR 17.2 million for
the corresponding period the year before.
Guidance for 2010 confirmed
Given the anticipated course of business in the first half of 2010, which
was characterised by stable revenues and improved cost structures, the FP
Group confirms its guidance for the full fiscal year. The Company
anticipates revenues between EUR 130 million and 135 million for the 2010
fiscal year, as well as an EBITDA between EUR 22 million to EUR 24 million,
comparable to the EBITDA prior to last year's restructuring. 'In a
challenging market environment, the FP Group will continue to focus on
high-margin products and services with the aim of improving profitability
in the long and medium term,' states Szymanski. 'In connection with
sustained strict cost discipline, we are thus able to secure FP Group's
competitiveness long term and to open up new perspectives for the Company.'
More information: www.francotyp.com
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 (FP Group) is a leading manufacturer of
franking machines covering the whole value added chain in the outbound mail
market. Its products and services range from franking and inserting
machines to the collection, sorting and consolidation of outbound mail, as
well as electronic hybrid mail solutions offering 21st century mail
processing. With its headquarters in Birkenwerder near Berlin, the FP Group
offers businesses of all sizes individually tailored mail management
solutions. The FP Group has local branches in many industrialised countries
and currently holds over 9% of the worldwide franking machine market. With
a corporate history extending back over 85 years, today the FP Group is
profiting from the growing liberalisation of mail markets and the
increasing interest of businesses to delegate their outbound mail
operations to professional service providers. In financial 2008, the Group
employed around 1,000 people, with revenue of 129.0 million euros and an
EBITDA of 20.6 million euros.
Kontakt:
Francotyp-Postalia Holding AG
Media Relations
Telefon: +49 (0)3303 525 777
Telefax: +49 (0)3303 53 70 77 77
E-Mail: pr(at)francotyp.com
26.08.2010 06:57 Ad hoc announcement, Financial News and Press 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 München, Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------
Datum: 26.08.2010 - 06:57 Uhr
Sprache: Deutsch
News-ID 32072
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 236 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia grows EBITDA and free cash flow in the first half of"
steht unter der journalistisch-redaktionellen Verantwortung von
Francotyp-Postalia Holding AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
