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Francotyp-Postalia Holding AG — Earnings Release 2012
Feb 28, 2013
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Earnings Release
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Corporate | 28 February 2013 08:51
Francotyp-Postalia Holding AG: FP Group returns to profitability in a challenging year (Correction)
Francotyp-Postalia Holding AG / Key word(s): Preliminary Results/Preliminary Results
28.02.2013 / 08:51
Corporate News
FP Group returns to profitability in a challenging year
Preliminary results for 2012:
– Revenue grows 3.9% to EUR 165.6 million
– EBITDA increases 45.0% to EUR 19.0 million
– Consolidated net income improves to EUR 3.5 million compared with EUR -4.6 million in the previous year
Outlook for 2013: Revenue of at least EUR 168 million and EBITDA of at least EUR 22 million expected.
Birkenwerder, 28 February 2013. The Francotyp-Postalia Group, the first multi-channel provider for mail communication, returns to profitability in a challenging year in 2012, laying the foundation for sustainable and profitable growth in the years to come. In 2012, the FP Group completed the restructuring of its production, opened a new central production site in Wittenberge, Brandenburg, resolved initial challenges in the supply chain and realigned its sales force in the German domestic market.
Substantial increases in recurring revenue
Notwithstanding all the challenges it faced, the FP Group increased its revenue (based on preliminary figures) to EUR 165.6 million in 2012 after EUR 159.4 million in the previous year. Of this, recurring revenue increased to EUR 132.1 million compared with EUR 124.9 million in the previous year. This revenue comes from the growing Mail Services and Software business and service agreements, teleporto and consumables for the approximately 243,000 franking machines worldwide as well as the leasing of franking machines. At EUR 33.5 million, revenue from product sales was down on the previous year's figure of EUR 34.4 million also as a result of the temporary challenges in production.
Thanks to restructuring production, the FP Group significantly reduced staff expenses over the course of 2012. This figure dropped to EUR 53.4 million compared with EUR 60.2 million in 2011, the prior-year figure having been impacted by restructuring costs of EUR 5.6 million. However, over the same period, the cost of materials increased in relation to revenue from EUR 62.8 million to EUR 72.7 million. This was mainly due to the strongly growing but low-margin consolidation business increasing the cost basis. Irrespective of this, the FP Group increased its EBITDA result to EUR 19.0 million in 2012 compared with EUR 13.1 million in the previous year. Consolidated net income improved to EUR 3.5 million compared with EUR -4.6 million in 2011.
FP Group anticipates profitable growth
The FP Group anticipates sustainable and profitable growth for the current financial year and beyond. In 2013, revenue is expected to rise to at least EUR 168 million and the EBITDA result to at least EUR 22 million. It should be noted that the FP Group announced in the summer of 2012 that it would successively compensate the losses made due to the temporary challenges faced in 2012. In the year 2015 the company targets to hit its goals. These middle-term goals will result in EUR 178 million, EUR 30 million EBITDA and Net Profit of EUR 8 million. Hans Szymanski, CEO of Francotyp-Postalia Holding AG, made the following comment: 'After mastering all the challenges we faced in 2012, our company is now returning to success. We will work step by step to build on the foundation we established, increase our earnings and financial power and develop new growth opportunities.'
Overview of the preliminary results for 2012
| 2012 | 2011 | Veränderung | |
| Revenue | 165.6 | 159.4 | +3.9 % |
| Cost of Materials | 72.7 | 62.8 | +15.8 % |
| Personal Expenses | 53.4 | 60.2 | -11.3 % |
| EBITDA | 19.0 | 13.1 | +45.0 % |
| Net Profit | 3.5 | -4.6 | n/a |
| Employees | 1,093 | 1,136 | -3.8 % |
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 2011 financial year, the company generated revenue of EUR 159.4 million. The FP Group employs more than 1,000 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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| 202602 28.02.2013 |