DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarterly / Interim
Statement/Quarterly / Interim Statement
Francotyp-Postalia Holding AG: Francotyp-Postalia grows in Q1 2016
25.05.2016 / 07:03
The issuer is solely responsible for the content of this announcement.
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Corporate news
Francotyp-Postalia grows in Q1 2016
- Increase in revenues by 3.7% to EUR51.3 million
- EBITDA at previous year's level: EUR8.2 million
- Positive free cash flow of EUR1.6 million
- Company confirms forecast for the year as a whole
Berlin, 25 May 2016. Francotyp-Postalia Holding AG, a Digital Mailroom
provider, has started the fiscal year 2016 as expected. In the
traditionally strong first quarter, the company increased its revenues by
3.7% to EUR51.3 million. Despite a growing headwind from the stronger euro,
the company asserted itself in the traditional business with franking
machines. Here, revenues amounted to EUR32.2 million compared to EUR32.3
million in the same period of the previous year. This stable performance
was primarily the result of the ongoing strong demand for the PostBase
franking system. Following the successful introduction of the PostBase One
and PostBase 100 franking systems in Germany, their introduction in key
countries - the US and the UK - is also planned for the current year. In
the new business areas, the FP Group increased its revenues by 11.6% to
EUR19.1 million in the first quarter of 2016. The Mail Services segment
relating to the collection, franking, sorting and delivery of postage
discounted business mail was a key contributor to this success. Revenues
increased here by 15.0% to EUR15.3 million, also as a result of the
increase in postal charges as of 1 January 2016. Revenues in the Software
segment remained at the previous year's level of EUR3.9 million.
Operating result at the previous year's level
In the first quarter of 2016, the FP Group achieved EBITDA of EUR8.2
million and thus repeated the strong quarterly figures of the previous
year. As expected, depreciation and amortisation rose by EUR0.2 million to
EUR4.2 million in this period. Operating earnings (EBIT) remained at the
level of the previous year (EUR4.0 million).
The other financial result fell to EUR0.1 million compared to EUR1.8
million in the same period of 2015. In the previous year, the FP Group
particularly benefited from positive exchange rate effects on the
revaluation of consolidated balance sheet items at the end of the reporting
period. The FP Group thus generated consolidated net income of EUR2.5
million in the first quarter 2016 after EUR3.5 million in the previous
year's first quarter. Earnings per share (undiluted) reached 15 cents
after 21 cents in the first quarter of 2015.
Positive free cash flow in the first quarter
Thanks to its innovative product portfolio, the FP Group has been
successful, especially on leasing markets. In the first quarter of 2016,
investments, particularly in leased inventories and capitalised development
cost, amounted to EUR4.2 million after EUR5.0 million in the previous year.
Cash flows from investing activities were offset by cash flows of EUR5.9
million from operating activities in the first quarter of 2016. Free cash
flow reached EUR1.6 million, compared with EUR2.6 million in the previous
year.
FP Group confirms forecast
As announced in April 2016, the FP Group is focusing on strengthening its
profitability, continuously developing the traditional business with
franking systems and expanding its new business areas in the current fiscal
year. On the assumption that exchange rates remain unchanged, the company
continues to anticipate a slight increase in revenues and EBITDA in
addition to positive free cash flow for 2016 as a whole.
FP Group CEO, Rüdiger Andreas Günther, explains: "Our company started 2016
as expected - but we could be even better. This is why we are sharpening
our growth strategy this year and will initiate measures in line with
operational excellence. Our company is characterised by a unique mix of
longstanding expertise in mail processing and digital know-how. We
therefore see opportunities to both grow against the market trend in our
traditional business and significantly advance on the markets of the
future. This is what we want and this is what we will become."
Overview of key figures:
<pre>
in EUR million Q1/2016 Q1/2015 Change
Revenue 51.3 49.5 3.7%
EBITDA 8.2 8.1 1.4%
EBIT 4.0 4.0 -1.2%
Consolidated net income 2.5 3.5 -27.4%
Earnings per share (in 0.15 0.21 -28.5%
EUR)
Investment 4.2 5.0 -15.6%
Free cash flow 1.6 2.6 -36.7%
31 Mar. 2016 31 Dec. 2015
Net debt 18.5 19.6 -5.6%
Number of employees 1,049 1,048 0.1%
</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, which has its headquarters in Berlin, is a Digital Mailroom
provider. This global company offers all products and solutions for
communication and document processes and thus focuses on business and
private customers. In addition to traditional machinery to frank and insert
mail, the company's range comprises services such as the collection of
business mail and innovative software solutions such as De-Mail. The FP
Group is now present in many developed countries with its own branches and
has a global market share of more than 10% in the area of franking
machines. Having existed for over 90 years, the FP Group now benefits - on
all markets - from the willingness of companies to digitise business
processes and outsource their business mail to a professional service
provider. In the 2015 fiscal year, the company generated EUR191.1 million
in revenue. The FP Group employees over 1,000 people 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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25.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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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466375 25.05.2016
DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia grows in Q1 2016
| Source: EQS Group AG