DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Final
Results/Final Results
Francotyp-Postalia Holding AG: Francotyp-Postalia remains on growth
course in 2015
30.04.2015 / 06:35
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Corporate news
Francotyp-Postalia remains on growth course in 2015
- Presentation of the consolidated financial statements for 2014
- Proposed doubling of dividend to 16 cents
- Outlook for current financial year confirmed
Berlin, 30 April 2015. Francotyp-Postalia Holding AG, a manufacturer of
franking machines and a solution provider for digital mail rooms, presented
its consolidated financial statements today. These contain no substantial
variations from the preliminary results released on 5 March 2015.
In 2014, the FP Group increased its revenue to EUR 170.3 million in spite
of difficult economic conditions, compared to EUR 168.9 million in the
previous year. EBITDA rose to EUR 23.1 million from EUR 22.2 million in
2013. As the result of planned higher depreciation for leased machines,
EBIT was EUR 9.8 million following EUR 10.4 million in the previous year.
Consolidated net income rose to EUR 5.2 million (2013: EUR 4.9 million).
In view of the solid and profitable growth in 2014, the Management Board
and Supervisory Board will propose to the Annual General Meeting of
shareholders to pay a dividend of EUR 0.16 per share for the past year.
This is twice the value regarding EUR 0.08 dividend in the previous year.
The company intends to pay out 35-50 percent of its adjusted annual net
income for the coming years.
Higher investment in 2014 will ensure recurring revenues for many years
As planned, investment rose by EUR 8.2 million to EUR 23.1 million in 2014.
Aside from expenditure on development, property, plant and equipment, the
investment was primarily focused in the US leasing market. During the
decertification, which lasts till end of 2015, the FP Group was able to
replace to-be decertified franking machines in the US market with more than
25,000 new PostBase systems by the end of 2014, thus securing a large
proportion of the installed base. This gives the company a firm base on
which to generate sustainable and recurring revenues in its largest foreign
market. As a result of the planned high investment, the free cash flow
remained below the previous year's figure (EUR 6 million) at EUR -5.6
million.
Increase of revenue targeted between EUR 173 million and 177 million
Since the year began as anticipated, the FP Group confirmed its outlook of
early March for all of 2015. According to this, revenue will increase
again, ranging between EUR 173 million and EUR 177 million. An EBITDA of
EUR 24 to 25 million and positive free cash flow are planned. The planned
EBITDA does not take any one-off expenditure for the realignment of
customer service in Germany into account.
At the Investor's Day on 28 May 2015, the FP Group will also announce the
major subjects of its enhanced medium-term strategy. FP CEO and CFO Hans
Szymanski, explains: "The FP Group is unrivalled in Germany in combining
analogue and digital mail management solutions. This gives our customers
significant efficiency advantages and our company good growth potentials.
We plan to leverage these potentials in the coming years and use profitable
growth to create a solid basis for attractive dividends."
Key figures at a glance:
<pre>
in EUR million 2014 2013 Change
Revenue 170.3 168.9 0.8%
Materials costs 82.0 77.9 5.2%
Personnel costs 53.5 54.0 -0.9%
EBITDA 23.1 22.2 4.1%
EBIT 9.8 10.4 -5.4%
Consolidated net income 5.2 4.9 7.5%
Earnings per share in EUR 0.32 0.31 3.2%
Investment 23.1 14.9 55.0%
Free cash flow -5.6 6.0 n/a
Employees (number) 1,054 1,047 +0.7%
</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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30.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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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351059 30.04.2015
DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia remains on growth course in 2015
| Source: EQS Group AG