Francotyp-Postalia Holding AG - Earnings Release 2015

News Details

Corporate | 13 April 2016 07:00

Francotyp-Postalia Holding AG: Francotyp-Postalia confirms growth in revenue and EBITDA

DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Final Results/Final Results

2016-04-13 / 07:00

The issuer is solely responsible for the content of this announcement.

Corporate news

Francotyp-Postalia confirms growth in revenue and EBITDA

– Final figures for 2015: revenue grows to EUR191.1 million and EBITDA increases to EUR26.8 million

– Positive exchange rate effect drives up revenue and earnings

– Management Board and Supervisory Board propose tax-free dividend of 12 cents per share

– Francotyp-Postalia plans further growth in revenue and EBITDA in 2016

– Focus on strengthening operating earnings power in 2016

Berlin, 13 April 2016. Francotyp-Postalia Holding AG, a Digital Mailroom Provider, presented its consolidated financial statements today. Revenue rose by 12% to EUR191.1 million in the past fiscal year. Growth had resulted particularly from successful business in the Mail Services segment with the collection, franking and delivery of business mail at discounted postage rates. With further progress in the introduction of PostBase franking systems, the company increased its revenue from franking machines, contrary to the market trend. The company also benefited from positive exchange rate effects of EUR9.1 million in revenue, as announced when the preliminary figures were published at the end of February 2016.

EBITDA also improved by 16% to EUR26.8 million following positive exchange rate effects of EUR3.9 million. The deviation from the published preliminary figures in EBITDA mainly relates to additional provisions, particularly for expenses due to the change within the Management Board. In 2015, EBIT amounted to EUR9.0 million as against EUR9.8 million in the previous year. Due to a higher tax burden, consolidated net income amounted to EUR3.7 million after EUR5.2 million in the previous year. In contrast, free cash flow significantly improved to -EUR1.4 million in the past fiscal year, compared with -EUR5.6 million in 2014.

Based on the consolidated financial statements, the Management Board and Supervisory Board propose a tax-free dividend of 12 cents per share from the tax contribution account for the 2015 fiscal year to the Annual General Meeting. This corresponds despite a reduced consolidated net income to the dividend of 16 cents (gross) paid for 2014 or a pay-out ratio of 54%. As a result, the FP Group exceeded this year its dividend policy communicated last year, which provides for a pay-out ratio between 35% and 50% of adjusted consolidated net income.

Increase efficiency in all areas

In the current fiscal year, the FP Group will focus on strengthening earnings power, continuously developing the traditional business with franking machines and expanding its new business areas. The company plans to draw up an operational excellence programme and leverage potential to increase efficiency in all areas based on an analysis of the existing structures. In the area of franking machines, the FP Group will build upon the success of 2015. In particular, there are plans to further expand the leasing business and launch the new franking systems PostBase 100 including the dynamic scale and PostBase One in other markets, which complements FP’s product range on the top end. On the German market, the FP Group also anticipates further growth in the Mail Services segment. In the area of secure digital communication, the company will implement the projects and measures introduced in 2015 to participate in the digitalisation of the businesses and public authorities in the subsequent years. Alongside this, the company is working on the further development of the existing growth strategy under the leadership of the new CEO, Rüdiger Andreas Günther. The company will present the results in the second half of 2016. At the moment, the FP Group anticipates a slight year-on-year increase in revenue and EBITDA in addition to positive free cash flow for the 2016 fiscal year compared to the previous year.*

FP CEO Günther explains: “We want to improve the earnings power of the FP Group in 2016. After nearly 100 days in office, I see already many starting points to achieve this. Together with my colleagues on the Management Board I want to set free growth forces within the FP Group even more than before. Our company has a modern product portfolio and a high level of expertise in the area of secure digital communication. We will build upon this and increase the company’s value systematically and sustainably in the years to come.”

* The forecast is based on constant exchange rates.

Overview of key figures:


in EUR million	2015	2014	Change
Revenue	191.1	170.3	+12.2%
EBITDA	26.8	23.1	+16.1%
EBIT	9.0	9.8	-8.2%
Consolidated net income	3.7	5.2	-28.6%
Earnings per share (in EUR)	0.22	0.32	-30.7%
Investment	20.1	23.1	-13.0%
Free cash flow	-1.4	-5.6	n/a
Net debt	19.6	16.0	+22.3%
Number of employees	1,048	1,054	-0.6%

The annual report 2015 will be published on April 29, 2016.

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: [email protected]

De-Mail: [email protected]

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: [email protected]

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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:	[email protected]
Internet:	www.fp-francotyp.com
ISIN:	DE000FPH9000
WKN:	FPH900
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart