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Francotyp-Postalia Holding AG — Earnings Release 2013
May 23, 2013
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Earnings Release
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News Details
Corporate | 23 May 2013 07:15
Francotyp-Postalia Holding AG: FP Group makes good start to 2013 financial year
Francotyp-Postalia Holding AG / Key word(s): Quarter Results/Quarter Results
23.05.2013 / 07:15
Corporate News
FP Group makes good start to 2013 financial year
– Revenue up 4.1% at EUR 43.5 million in first quarter of 2013
– EBITDA improves by 51.5% to EUR 6.2 million
– Net result climbs to EUR 2.2 million after EUR 0.7 million
– FP Group confirms forecast for year as a whole
Birkenwerder, 23 May 2013. Francotyp-Postalia Holding AG, the first multi-channel provider for mail communication, has made a good start to the 2013 financial year. In the traditionally strong first quarter, the FP Group increased its revenue by 4.1% to EUR 43.5 million. This growth chiefly resulted from higher product sales, with revenue in the Franking and Inserting segment rising 15.2% to EUR 9.2 million in the first quarter of 2013. However, revenue in the Mail Services and Software product segments also increased. The rising product sales were attributable mainly to the new PostBase franking system. Since launching PostBase in March 2012, the FP Group has already sold more than 10,000 machines, primarily in Germany and the USA. In the first few months of 2013, PostBase was introduced in the UK, Canada and Italy.
In view of the growing demand for PostBase, the establishment of modern, flexible production at the new site in Wittenberge in 2012 is paying off in particular. The improvement in efficiency achieved here made a significant contribution to the increase in profits in the first quarter of 2013. The FP Group generated EBITDA (earnings before interest, taxes, depreciation and amortisation) of EUR 6.2 million compared with EUR 4.1 million in the same quarter of the previous year. The EBITDA margin rose to 14% in this period after 10% in the same quarter of 2012. EBIT increased to EUR 3.4 million as against EUR 1.8 million in the same period of the previous year, while the consolidated net result improved to EUR 2.2 million after EUR 0.7 million in the first quarter of 2012. Free cash flow – the balance of cash inflows from operating activities and cash outflows from investing activities – also improved to EUR 1.2 million in the traditionally strong first quarter of 2013, compared to EUR 0.3 million in the previous year.
Outlook for 2013: Increase in revenue and earnings
In view of the strong start to the 2013 financial year, the FP Group is confirming its forecast for the year as a whole. The company expects to generate revenue of at least EUR 168 million, EBITDA of at least EUR 22 million and EBIT of EUR 9 million. ‘Following the traditionally stronger first quarter, we cannot sit back now. We still have a good deal of work ahead of us to continue successfully implementing our strategy. However, based on the positive response our new products and solutions have received from our customers, we are confident that we are on the right track – for 2013 and beyond,’ comments Hans Szymanski, Chairman of the FP Management Board.
Key figures at a glance:
| in EUR million | Q1 2013 | Q1 2012 | Change % |
| Revenue | 43.5 | 41.8 | + 4.1 |
| EBITDA | 6.2 | 4.1 | + 51.5 |
| EBIT | 3.4 | 1.8 | + 94.2 |
| Consolidated net income | 2.2 | 0.7 | + 222.3 |
| Earnings per share (EUR) | 0.14 | 0.04 | + 250 |
| Free cash flow | 1.2 | 0.3 | + 300 |
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]
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 over 85 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: | [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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| 212609 23.05.2013 |