DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarter
Results/Quarter Results
Francotyp-Postalia Holding AG: FP Group presents interim financial
report and confirms forecasts
28.11.2013 / 07:00
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Corporate News
FP Group presents interim financial report and confirms forecasts
Birkenwerder, November 28, 2013. Francotyp-Postalia Holding AG, the first
multi-channel provider for mail communications, presented the interim
report for the third quarter of 2013 today. The report confirms the
preliminary results published in early November 2013.
In the third quarter of 2013, FP Group revenue rose slightly to EUR 126.9
million, up EUR 3 million year-on-year (EUR 123.9 million). EBITDA
(earnings before interest, tax, depreciation and amortisation) improved,
driven by the new flexible production site in Wittenberge and the
successful market launch of the innovative PostBase franking system. EBITDA
advanced 20.7% to EUR 16.9 million for the first nine months of 2013 (Q3
2012: EUR 14 million). EBIT rose from EUR 6.9 million to EUR 8.2 million
year-on-year.
Marked improvement in free cash flow
Consolidated profit for the first nine months of 2013 came in at EUR 4
million, against EUR 3.5 million for the same period in 2012. Earnings per
share advanced year-on-year, up from EUR 0.23 to EUR 0.26. The FP Group
also posted a marked improvement in free cash flow over the nine-month
period. The balance of cash inflows from operating activities and cash
outflows from investment activities came to EUR 1.7 million, compared with
EUR -5.7 million at the end of the third quarter 2012.
As business performance was in line with expectations over the first three
quarters of 2013, the FP Group confirmed its forecast for 2013: the company
predicts baseline figures for revenue at EUR 168 million, EBITDA at EUR 22
million and EBIT at EUR 9 million. 'The FP Group is back on a profitable
growth path,' according to Hans Szymanski, CEO and CFO of
Francotyp-Postalia.
The Aufbruch 2015 initiative is designed to develop the FP Group's full
potential in all segments and markets over the next two years, with a view
to achieving ambitious 2015 baseline growth targets: revenues at EUR 178
million and EBITDA at EUR 30 million. Szymanski is confident that: 'The FP
Group will continue to post profitable growth in the coming years. The
healthy operating performance this year is just the start.'
Quarterly figures at a glance:
<pre>
in EUR million Q3 2013 Q3 2012 Change
Revenue 41.4 41.2 + 0.5%
EBITDA 5.4 5.4 + 0.0%
EBIT 2.3 2.8 - 17.9%
Free cash flow 1.7 0.3 + 578.6%
Consolidated net income 0.8 1.8 -55.6%
Earnings per share (EUR) 0.06 0.11 -45.5%
</pre>
Nine-month figures at a glance:
<pre>
in EUR million Q1-Q3 2013 Q1-Q3 2012 Change
Revenue 126.9 123.9 +2.4%
EBITDA 16.9 14.0 +20.7%
EBIT 8.2 6.9 +18.8%
Free cash flow 1.7 -5.7 n/a
Consolidated net income 4.0 3.5 +14.3%
Earnings per share (EUR) 0.26 0.23 +13.0%
</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 90 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 2012 financial year, the company generated
revenue of EUR 165.6 million. The FP Group employs around 1,100 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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242034 28.11.2013
DGAP-News: Francotyp-Postalia Holding AG: FP Group presents interim financial report and confirms forecasts
| Source: EQS Group AG