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Francotyp-Postalia Holding AG — Earnings Release 2011
Apr 19, 2012
162_rns_2012-04-19_13ccda89-f1b9-47ed-98c4-81f6dd934667.html
Earnings Release
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Corporate | 19 April 2012 07:00
Francotyp-Postalia Holding AG: FP Group expects revenue and profit growth in years to come
Francotyp-Postalia Holding AG / Key word(s): Final Results/Final Results
19.04.2012 / 07:00
Corporate News
FP Group expects revenue and profit growth in years to come
- Revenue of EUR 159.4 million and EBITDA before restructuring costs of EUR 21.8 million generated in 2011
- Revenue and profit expected to increase in the next few years
- Revenue of EUR 175 million and EBITDA of EUR 30 million envisaged by 2014
Birkenwerder, 19 April 2012. Francotyp-Postalia Holding AG, the first multi-channel provider for mail communications, presented its consolidated financial statements for the 2011 financial year today. The final figures for revenue and EBITDA proved slightly better than reported in February when the preliminary figures were presented. For the years to come, the Group anticipates positive revenue and profit development.
The group's revenue increased to EUR 159.4 million in 2011, compared with EUR 147.3 million in the previous year. Due to the restructuring and the mostly one-off expenses, the FP Group generated EBITDA (earnings before interest, taxes, net financial income, depreciation and amortisation) of EUR 13.1 million, compared to EUR 25.5 million in the previous year. Before restructuring costs, the Group generated EBITDA of EUR 21.8 million. On balance, the company posted consolidated net income before non-controlling interests in 2011 of EUR -4.6 million. In 2010, consolidated net profit had been EUR 2.7 million. Earnings per share amounts to EUR -0.27, in comparison with EUR 0.23 for 2010.
Positive revenue and profit forecast
'In 2011, we have created the crucial conditions for our company's future profitable growth', said Hans Szymanski, Chief Executive Officer of FP. In addition to the establishment of new production in Wittenberge, the company pressed ahead with the development of the new PostBase franking system in the past year. The FP Group also successfully entered fully electronic mail communication. Since March 2012, it is the first certified De-Mail provider in Germany.
The company has developed from a manufacturer of franking machines into a multi-channel provider. It is therefore able to serve every dispatch channel relating to letters – from the franking and inserting of physical letters via consolidation all the way to hybrid mail and fully electronic dispatch and receipt via De-Mail. 'This strategy puts us in an excellent position. We are combining analogue with digital mail communication and will benefit from this in the long term', says Andreas Drechsler, Chief Sales Officer of Francotyp-Postalia Holding AG.
In the first quarter of the current year, the company completed the development of production in Wittenberge and the discontinuation of production in Birkenwerder. In this period, the FP Group still had some challenges to overcome in the supply and processing chain. However, the new production is expected to lead to savings of around EUR 3 million annually from the second quarter of 2012. Overall, the company forecasts revenue of at least EUR 161 million, EBITDA of at least EUR 25 million and EBIT of EUR 12 million for 2012. The FP Group anticipates continued growth in financial year 2013. Here, the company expects at least to be able to achieve revenue of EUR 168 million and EBITDA of EUR 27 million.
Moreover, the FP Group has set itself medium-term target figures. By 2014, the company expects revenue of EUR 175 million, EBITDA of EUR 30 million, EBIT of around EUR 16 million and Group profit of approximately EUR 8 million.
Contact
Francotyp-Postalia Holding AG
Corporate Communications
Sabina Prüser
Tel: +49 (0)3303 525 410
Fax: +49 (0)3303 53707 410
E-mail:[email protected]
The FP Group in Brief
Francotyp-Postalia Holding AG is the first multi-channel-provider provider for mail communications. The FP Group's range of products and services includes franking and inserting machines, the direct collection of business mail to hybrid-mail and full digital mail solutions for private and commercial users. Headquartered in Birkenwerder near Berlin, the Group's wide product spectrum enables it to provide tailored mail management services. With a corporate history that goes back over 85 years and local branches in many industrialised countries, the FP Group currently holds around 10% of the worldwide franking machine market. Today it is profiting in all its segments from the increasing liberalisation of mail markets and the trend for businesses to outsource their outbound mail processes to professional service providers. Total revenue in financial 2011 came to 159.4 million euros. Worldwide, the Group employs over 1,000 people.
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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: | [email protected] |
| 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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| 165558 19.04.2012 |