DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Preliminary
Results/Preliminary Results
Francotyp-Postalia Holding AG: FP Group returns to profitability in a
challenging year (Correction)
28.02.2013 / 08:51
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Corporate News
FP Group returns to profitability in a challenging year
Preliminary results for 2012:
- Revenue grows 3.9% to EUR 165.6 million
- EBITDA increases 45.0% to EUR 19.0 million
- Consolidated net income improves to EUR 3.5 million compared with EUR
-4.6 million in the previous year
Outlook for 2013: Revenue of at least EUR 168 million and EBITDA of at
least EUR 22 million expected.
Birkenwerder, 28 February 2013. The Francotyp-Postalia Group, the first
multi-channel provider for mail communication, returns to profitability in
a challenging year in 2012, laying the foundation for sustainable and
profitable growth in the years to come. In 2012, the FP Group completed the
restructuring of its production, opened a new central production site in
Wittenberge, Brandenburg, resolved initial challenges in the supply chain
and realigned its sales force in the German domestic market.
Substantial increases in recurring revenue
Notwithstanding all the challenges it faced, the FP Group increased its
revenue (based on preliminary figures) to EUR 165.6 million in 2012 after
EUR 159.4 million in the previous year. Of this, recurring revenue
increased to EUR 132.1 million compared with EUR 124.9 million in the
previous year. This revenue comes from the growing Mail Services and
Software business and service agreements, teleporto and consumables for the
approximately 243,000 franking machines worldwide as well as the leasing of
franking machines. At EUR 33.5 million, revenue from product sales was down
on the previous year's figure of EUR 34.4 million also as a result of the
temporary challenges in production.
Thanks to restructuring production, the FP Group significantly reduced
staff expenses over the course of 2012. This figure dropped to EUR 53.4
million compared with EUR 60.2 million in 2011, the prior-year figure
having been impacted by restructuring costs of EUR 5.6 million. However,
over the same period, the cost of materials increased in relation to
revenue from EUR 62.8 million to EUR 72.7 million. This was mainly due to
the strongly growing but low-margin consolidation business increasing the
cost basis. Irrespective of this, the FP Group increased its EBITDA result
to EUR 19.0 million in 2012 compared with EUR 13.1 million in the previous
year. Consolidated net income improved to EUR 3.5 million compared with EUR
-4.6 million in 2011.
FP Group anticipates profitable growth
The FP Group anticipates sustainable and profitable growth for the current
financial year and beyond. In 2013, revenue is expected to rise to at least
EUR 168 million and the EBITDA result to at least EUR 22 million. It should
be noted that the FP Group announced in the summer of 2012 that it would
successively compensate the losses made due to the temporary challenges
faced in 2012. In the year 2015 the company targets to hit its goals. These
middle-term goals will result in EUR 178 million, EUR 30 million EBITDA and
Net Profit of EUR 8 million. Hans Szymanski, CEO of Francotyp-Postalia
Holding AG, made the following comment: 'After mastering all the challenges
we faced in 2012, our company is now returning to success. We will work
step by step to build on the foundation we established, increase our
earnings and financial power and develop new growth opportunities.'
Overview of the preliminary results for 2012
<pre>
2012 2011 Veränderung
Revenue 165.6 159.4 +3.9 %
Cost of Materials 72.7 62.8 +15.8 %
Personal Expenses 53.4 60.2 -11.3 %
EBITDA 19.0 13.1 +45.0 %
Net Profit 3.5 -4.6 n/a
Employees 1,093 1,136 -3.8 %
</pre>
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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202602 28.02.2013
DGAP-News: Francotyp-Postalia Holding AG: FP Group returns to profitability in a challenging year (Correction)
| Source: EQS Group AG