DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarter
Results/Quarter Results
Francotyp-Postalia Holding AG: FP Group off to a good start in the
2015 financial year
28.05.2015 / 06:42
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Corporate news
FP Group off to a good start in the 2015 financial year
- Revenue in the first quarter 2015 increases 11.4 percent to EUR 49.5
million
- EBITDA improves 21.1 percent to EUR 8.1 million
- Company presents FP 2020 strategy with revenue target of EUR 225 to 250
million
Berlin, 28 May 2015. Francotyp-Postalia Holding AG, a manufacturer of
franking machines and a solution provider for Digital Mailrooms,
significantly increased both revenue and earnings in the traditionally
strong first quarter. Revenue for the first three months of 2015 rose to
EUR 49.5 million, against EUR 44.4 million for the same period in 2014.
This growth is mainly attributable to higher revenue from the Mail Services
and Software segments, a growing leasing business and a positive currency
effect of EUR 2.5 million attributable to the weaker euro.
Since personnel and material expenses only increased at a
disproportionately low rate, EBITDA improved to EUR 8.1 million in the
first quarter 2015, against EUR 6.7 million for the same period in 2014.
This figure includes a positive currency effect of EUR 1.1 million. The
EBITDA margin rose to 16.3 percent. Despite continued high depreciation,
EBIT also increased to EUR 4.0 million in the first three months of 2015
compared with EUR 3.7 million for the same period in 2014. The increase in
consolidated net income to EUR 3.5 million compared with EUR 1.9 million
for the same quarter in 2014 was primarily due to the considerably improved
other financial result. Due to positive exchange rate effects on the
revaluation of balance sheet items on the reporting date, the FP Group was
able to increase the other financial result from EUR -0.1 million to EUR
1.8 million. This resulted in earnings per share nearly doubling to EUR
0.21 compared with EUR 0.11 in the first quarter of 2014.
Free cash flow - the balance of cash inflows from operating activities and
cash outflows from investing activities - also improved significantly to
EUR 2.6 million in the first three months of 2015, after EUR 1.6 million in
the same period in the previous year.
Outlook for 2015: FP Group confirms forecasts
Given the strong first quarter, the FP Group confirmed its forecast for
2015 as a whole. The Company expects revenue to grow, with a figure of
between EUR 173 million and EUR 177 million forecast. It anticipates an
increase in EBITDA to between EUR 24 million and EUR 25 million, and an
EBIT below last year's level as a consequence of the increased depreciation
due to higher investment. The Group also expects free cash flow to be much
more positive. This forecast does not yet include any one-time expenses for
the realignment of customer service in Germany.
FP 2020 strategy: FP Group on course for growth
In addition to its quarterly figures, the FP Group also presented its FP
2020 strategy at today's Investors' Day. The Management Board is aiming to
transform the company into an integrated provider of solutions for the
Digital Mailroom in the next five years. The FP 2020 strategy placing
emphasis on "Focus - Build - Grow" will boost the company's growth
potential significantly. By 2020, revenue is expected to rise to between
EUR 225 million and EUR 250 million with an EBITDA margin of around 15
percent.
FP CEO and CFO Hans Szymanski explains: "We will secure our traditional
franking machine business and invest in future-oriented solutions for
digital communications. A unique combination of analogue and digital
services will generate significant efficiency gains for our customers. It
will create a good foundation for continuing our company's profitable
growth. And this, in turn, is the decisive prerequisite for creating
attractive dividends for our shareholders." In early March the Management
Board and Supervisory Board had already proposed doubling the dividend to
EUR 0.16 per share for the 2014 financial year.
Key figures at a glance:
<pre>
in EUR million Q1 2015 Q1 2014 Change
Revenue 49.5 44.4 11.4%
EBITDA 8.1 6.7 21.1%
EBIT 4.0 3.7 9.5%
Consolidated net income 3.5 1.9 85.0%
Earnings per share (EUR) 0.21 0.11 81.6%
Free cash flow 2.6 1.6 57.6%
</pre>
Contact
Francotyp-Postalia Holding AG
Investor Relations / Public Relations
Sabina Prüser
Tel.: +49 (0)30 220 660 410
Fax: +49 (0)30 220 660 425
E-mail: s.prueser@francotyp.com
De-Mail: s.prueser@francotyp.de-mail.de
About Francotyp-Postalia Holding AG
The FP Group is the first multi-channel provider for mail communication.
This global company offers a full range of products and solutions for
business customers and individuals. It offers not only traditional machines
for franking and inserting letters but also services including business
mail collection and innovative software solutions such as fully electronic
mail. These put the FP Group, which is based in Birkenwerder near Berlin,
in a position to offer tailored multi-channel olutions. It currently
operates in many industrialised countries hrough ubsidiaries and owns
around 10% of the worldwide arket share for franking machines. With a
company history dating back more than 90 years, the FP Group is now
benefiting from increasing liberalisation of the postal markets as well as
the readiness of companies to outsource their business ail to professional
service providers. During the 2014 financial year, the company generated
revenues of EUR 170.3 million. The FP Group has about 1100 employees
worldwide.
Contact:
Francotyp-Postalia Holding AG
Media Relations
Telephone: +49 (0)30 220 660 410
Telefax: +49 (0)30 220 660 425
E-Mail: pr@francotyp.com
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Language: English
Company: Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
Germany
Phone: +49 (0)30 220 660 410
Fax: +49 (0)30 220 660 425
E-mail: ir@francotyp.com
Internet: www.fp-francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News-Service
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362383 28.05.2015
DGAP-News: Francotyp-Postalia Holding AG: FP Group off to a good start in the 2015 financial year
| Source: EQS Group AG