DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Half Year
Results/Half Year Results
Francotyp-Postalia Holding AG: FP Group presents half-yearly report
30.08.2012 / 07:30
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Corporate News
FP Group presents half-yearly report
- Company confirms preliminary figures: revenue of EUR 82.7 million and
EBITDA of EUR 8.6 million
- Temporary challenges lead to lower than expected earnings growth and
revision of forecasts
- Production in steady state since summer 2012
- Sales in Germany with higher unit figures since July
Birkenwerder, 30 August 2012. Francotyp-Postalia Holding AG, the first
multi-channel provider for mail communication, today published its
half-yearly report for 2012 in which it confirms the preliminary figures it
published on 23 August 2012.
The revenue of the FP Group increased from EUR 80.9 million in the previous
year to EUR 82.7 million in the first six months of the current year.
Recurring revenue from the Mail Services and Software business and from
service agreements, leasing, teleporto and the sale of consumables for
approximately 250,000 franking machines worldwide increased significantly
to EUR 65.8 million compared to a figure of EUR 62.5 million for the
prior-year period. Mainly consolidation revenue improved by EUR 2.6 million
to EUR 19.5 million.
The cost of materials amounted to EUR 35.4 million in the first half of
2012 after EUR 31.9 million in the prior-year period. In particular, the
cost of purchased services increased due to the higher level of
consolidated revenue. On a half-yearly basis, staff costs declined to EUR
28.4 million after EUR 34.4 million in the same period of the previous
year, in which provisions were still recognised for the restructuring of
production. Depreciation, amortisation and impairment losses also fell from
EUR 7.4 million in the previous year to EUR 4.6 million in the first half
of 2012.
EBITDA (earnings before interest, tax, depreciation and amortisation)
increased to EUR 8.6 million as against EUR 3.9 million in the previous
year. Before taxes, the FP Group generated a profit of EUR 1.7 million
compared to a loss of EUR -4.2 million in the same period of the previous
year, meaning that it increased all key revenue and earnings figures in the
first half of 2012. However, two time-limited challenges meant that the
company was unable to meet its targets in full: the temporary delays in the
process and supply chain in production and the temporary difficulties
affecting the German sales organisation, which resulted in weaker franking
machine business.
As a result of these developments, the company adjusted its guidance for
the year as a whole on 23 August 2012. The FP Group is now forecasting
revenue of at least EUR 161 million, EBITDA of EUR 19-21 million and EBIT
of 8-10 million.
Hans Szymanski, CEO & CFO of Francotyp-Postalia Holding AG: 'The FP Group
has now overcome the temporary challenges facing it; production is in a
steady state and the German sales organisation has reported rising sales
figures for franking machines since July. The new, innovative PostBase
franking system is enjoying a good response on the market. The same applies
for our De-Mail solution, where we have already succeeded in attracting the
first customers. In light of these developments and our return to
profitability in the first half of 2012, I am confident that the FP Group
can further increase its earnings strength in the medium term.'
More information http://www.francotyp.com
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@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 over 85 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 2011 financial year, the company generated
revenue of EUR 159.4 million. 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
Germany
Phone: +49 (0)3303 525 777
Fax: +49 (0)3303 53 70 77 77
E-mail: ir@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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183442 30.08.2012
DGAP-News: Francotyp-Postalia Holding AG: FP Group presents half-yearly report
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