DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia outperforms revenue forecast for 2010
(firmenpresse) - DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Preliminary
Results/Preliminary Results
Francotyp-Postalia Holding AG: Francotyp-Postalia outperforms revenue
forecast for 2010
24.02.2011 / 07:00
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Francotyp-Postalia outperforms revenue forecast for 2010
- Revenues rise to EUR147.6 million
- EBITDA of EUR25.4 million
- Consolidated net profit improves to EUR1.7 million
- Positive outlook for 2011
Birkenwerder, 24 February 2011. Francotyp-Postalia Holding AG, the first
full-service provider for mail communications, has significantly improved
its revenues in the past financial year. According to preliminary
calculations, the company generated revenues of EUR147.6 million as against
EUR129.0 million in the previous year. EBITDA rose to EUR25.4 million after
EUR20.6 million in the previous year. Before restructuring costs, EBITDA
even increased to EUR26.7 million; the company recognised a provision for a
planned restructuring in production of EUR1.3 million in 2010.
The Francotyp-Postalia Group has outperformed the forecast it raised in
November 2010 with these preliminary figures. Revenues had been expected to
amount to between EUR140 and EUR145 million with EBITDA before
restructuring costs of EUR24 to 26 million. The clear surge in revenues as
against the previous year is not just as a result of the positive effects
of the recovery of the global economy and the successful evolution of the
Group into a full-service provider. Rather, a change in the reporting logic
under the new regulations for sales tax on postal services in Germany as at
1 July 2010 also had a positive impact on revenues.
Return to profitability
The improvement in earnings highlights the positive overall business
performance. This is essentially thanks to the successful restructuring in
the last two years, substantially lower write-downs and strict cost
management. As a result, EBIT and consolidated net profit also grew in
addition to EBITDA. EBIT climbed to EUR7.6 million in 2010 after EUR-15.7
million in the previous year, in which non-recurring write-downs had
reduced earnings considerably. The consolidated net profit increased to
EUR1.7 million after a loss of EUR16.6 million in the previous year.
Deliberately focusing on strengthening financial and earnings power is also
seen in a remaining strong free cash flow, the net total of cash generated
by operating activities and used in investing activities, of EUR9.4 million
which is still on previous year's level despite (EUR9.8 million) higher
investing activities in 2010.
'The FP Group is on the right path. In the current year, we will
successfully implement the necessary restructuring in production to ensure
the company's long-term future,' said Hans Szymanski, CEO of the
Francotyp-Postalia Group.
Revenue and earnings growth planned for 2011
The FP Group is anticipating revenues of EUR160 to EUR165 million and
EBITDA of between EUR25 and EUR27 million before restructuring. In addition
to the sales tax regulations, the company will also continue to benefit
from its ongoing development away from being a mail management specialist
and towards being a full-service provider for all aspects of mail
communications. 'In the medium to long term, we feel there is great
potential in the field of digital communications - where our company both
ranks among the pioneers and offers state-of-the-art software solutions,'
announced Szymanski. The FP Group is aiming to further improve its earnings
and financial power with its high-margin products and services.
Francotyp-Postalia Holding AG will present its final, audited results for
the 2010 financial year on 28 April 2011.
Contact
Francotyp-Postalia Holding AG
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 full-service provider for mail communications. As
an international company, it offers products and solutions for business and
private clients. In addition to machinery for franking and inserting mail,
its offering includes services such as collecting business mail and
innovative software solutions such as the fully electronic letter. The FP
Group, based in Birkenwerder near Berlin, can therefore offer tailored
multi-channel solutions. The Group currently has its own branches in a
number of industrialised nations and holds a global market share in
franking machinery of around 10%. With a history going back over 85 years,
the FP Group today benefits across all markets from the increasing
deregulation of postal markets and the readiness of companies to outsource
their business mail to professional service providers. In the 2010
financial year, the company generated revenues of EUR147.6 million and a
net income of EUR1.7 million according to preliminary figures. The FP Group
employs more than 1,000 people worldwide.
End of Corporate News
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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, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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113273 24.02.2011
Datum: 24.02.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 33289
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Kategorie:
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