DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Final
Results/Preliminary Results
Francotyp-Postalia Holding AG: Francotyp-Postalia once again achieves
growth in revenue and profit in 2013
27.02.2014 / 07:00
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Corporate News
Francotyp-Postalia once again achieves growth in revenue and profit in 2013
Preliminary figures for 2013:
- Revenue growth of 2.0% to EUR 168.9 million
- EBITDA increase of 16.5% to EUR 22.1 million
- Increase of 23.3% in consolidated profit to EUR 4.9 million
Outlook for 2014:
- Planned growth in revenue to reach at least EUR 173 million
- Anticipated increase in EBITDA to at least EUR 25 million
Birkenwerder, 27 February 2014. According to preliminary calculations,
Francotyp-Postalia Holding AG, a multi-channel provider for mail
communication, significantly increased both revenue and profit in the
financial year 2013. The FP Group is also expecting continued profitable
growth during the current year.
Clear rise in recurring revenues
According to preliminary calculations for 2013, the FP Group achieved
revenue of EUR 168.9 million, following EUR 165.6 million in the previous
year. Recurring revenues increased to EUR 136.9 million compared with EUR
132.1 million in the previous year. This revenue comes from the mail
services and software business and service agreements, teleporto and
consumables for around 240,000 franking machines worldwide as well as the
leasing of franking machines. At EUR 32.1 million, revenue from product
sales was below the level for the previous year of EUR 33.5 million.
The higher revenue and efficiency gains from production in Wittenberge that
began in 2012 have enabled the FP Group to increase income as anticipated.
According to preliminary calculations, the company increased its EBITDA
result for 2013 to EUR 22.1 million compared with EUR 19.0 million in the
previous year. Despite higher depreciation, EBIT also increased to EUR 10.4
million compared with EUR 9.1 million in the previous year. The
consolidated net income increased to EUR 4.9 million following EUR 4.0
million in 2012.
The FP Group also improved its level of free cash flow in 2013: According
to preliminary calculations, the cash inflow for operational activity and
the cash outflow for investment activity totalled EUR 3.4 million compared
with EUR -7.0 million in the previous year.
FP Group anticipates profitable growth
"We are satisfied with the development in 2013. We have reached important
milestones and will further push profitable growth with the Aufbruch 2015
initiative, to achieve the ambitious target also", explains Hans Szymanski,
CEO & CFO of FP Group.
For the current business year, FP Group is currently anticipating revenue
growth to reach at least EUR 173 million, an increase in the EBITDA result
to at least EUR 25 million and an increase in EBIT to at least EUR 12
million.
An overview of the preliminary figures for 2013:
<pre>
in EUR mio 2013 2012 Change
Revenue 168.9 165.6 +2.0 %
Material expenses 78.1 72.6 +7.6 %
Personnel expenses 53.9 53.3 +1.2 %
EBITDA 22.1* 19.0 +16.5 %
EBIT 10.4 9.1 +14.5 %
Free cash flow 3.4 -7.0 n/a
Consolidated net income 4.9 4.0 +23.3 %
Employees 1,046 1,093 -4.3 %
</pre>
* One-of effect: Accrual for severance payment in Q2 2013 (EUR0.5m)
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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254634 27.02.2014
DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia once again achieves growth in revenue and profit in 2013
| Source: EQS Group AG