DGAP-News: Francotyp-Postalia Holding AG: FP Group lays foundations for a successful future
(firmenpresse) - DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarter
Results/Quarter Results
Francotyp-Postalia Holding AG: FP Group lays foundations for a
successful future
21.11.2011 / 07:00
---------------------------------------------------------------------
Corporate News
FP Group lays foundations for a successful future
- Revenue rises to EUR 118.9 million in the first nine months of 2011
- EBITDA before restructuring costs amounts to EUR 17.3 million
- High level of investment in the current year
- EBITDA forecast adjusted to EUR 22 million to EUR 23 million
Birkenwerder, 21 November 2011 In the first nine months of 2011,
Francotyp-Postalia Holding AG, the first multi-channel provider for mail
communication, increased revenue to EUR 118.9 million, compared with EUR
105.8 million in the previous year. The significant increase in revenue
resulted in particular from a change in the reporting logic as part of the
new regulations for sales tax on postal services in Germany as at 1 July
2010. In the first nine months of 2011, this positive effect on revenue
amounted to EUR 17.6 million as against EUR 6.2 million in the previous
year. Beside this positive effect revenue still grew by 2%.
In 2011, the FP Group is taking decisive steps in its development into a
complete service provider. Results in the first nine months of 2011 are
therefore characterised by important measures such as restructuring
production, preparing for the launch of the new Phoenix franking system and
entering the fully electronic mail communication market. The FP Group
generated EBITDA (earnings before interest, tax, net financial income,
depreciation and amortisation) of EUR 8.4 million, against EUR 18.9 million
in the same period of the previous year. EBITDA adjusted for restructuring
costs amounted to EUR 17.3 million. Restructuring costs contributed
significantly to the fact that the company posted consolidated net income
before non-controlling interests of EUR -5.1 million in the first nine
months of 2011, compared with EUR 0.8 million in the prior-year period.
As well as the restructuring costs totalling EUR 8.9 million, lower savings
in personnel costs from the site continuation agreement that expired in the
summer also had a negative impact on results. In this context combined with
the rapid slowdown of the economic situation in many industrialised
nations, which could not have been predicted at the start of the year,
negative exchange rate effects related to revenues of EUR 1.6 million in
total and the resulting negative effect on the margin, the company expects
EBITDA before restructuring costs for 2011 as a whole of EUR 22 million to
EUR 23 million in place of the previous EUR 25 to EUR 27 million, with
revenue between EUR 160 million and EUR 165 million.
Assuming that depreciation and amortisation will total approximately EUR
14.9 million in the current year gives consolidated net income before
restructuring costs of EUR 2.5 million to EUR 3.0 million. This equates to
adjusted earnings per share of EUR 0.17 to EUR 0.20. 'This result shows
that the FP Group can operate profitably in a challenging market
environment in a sustainable way,' explains Hans Szymanski, Chairman of the
FP Group Management Board.
Savings around EUR 3 million from 2012
This operative strength has enabled many more forward-looking investments
in the current financial year in addition to the development of production
in Wittenberge and work on Phoenix. These include the acquisition of a
majority shareholding in Mentana-Claimsoft, a specialist in fully
electronic mail communication and one of the first De-Mail providers in
Germany, as well as the certification of our franking machines in France,
the largest European market. After nine months, the FP Group has cash flow
from investing activities of EUR -11.4 million. In addition, the company
will continue to reduce net debt considerably in the current year. EUR 10.0
million will be channelled into normal and non-scheduled repayments of a
bank loan. 'With all these measures, we have laid the key foundations to
strengthen our profitability and financial clout sustainably from 2012.
Restructuring of production in Wittenberge alone is likely to result in
annual savings amounting to approximately EUR 3 million from the second
quarter of 2012,' says Szymanski.
Contact
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
The FP Group in Brief
Francotyp-Postalia Holding AG is the first multi-channel-provider provider
for mail communications. The FP Group's range of products and services
includes franking and inserting machines, the direct collection of business
mail to hybrid-mail and full digital mail solutions for private and
commercial users. Headquartered in Birkenwerder near Berlin, the Group's
wide product spectrum enables it to provide tailored mail management
services. With a corporate history that goes back over 85 years and local
branches in many industrialised countries, the FP Group currently holds
around 10% of the worldwide franking machine market. Today it is profiting
in all its segments from the increasing liberalisation of mail markets and
the trend for businesses to outsource their outbound mail processes to
professional service providers. Total revenue in financial 2010 came to
147.3 million euros. Worldwide, the Group employs over 1,000 people.
End of Corporate News
---------------------------------------------------------------------
21.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
147079 21.11.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 89492
Anzahl Zeichen: 4255
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 314 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Francotyp-Postalia Holding AG: FP Group lays foundations for a successful future"
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).
