Francotyp-Postalia Holding AG - Earnings Release 2015

News Details

Corporate | 1 March 2016 06:45

Francotyp-Postalia Holding AG: Francotyp-Postalia exceeds revenue and EBITDA guidance in 2015

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

2016-03-01 / 06:45

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

Corporate news

Francotyp-Postalia exceeds revenue and EBITDA guidance in 2015

– Based on preliminary calculations, revenue increased by 12% to EUR 190.8 million.

– EBITDA up by 19.0% to EUR 27.5 million

– EBITDA margin improved by nearly one percentage point to 14.4%.

– Investments add up to EUR 20.2 million

– Outlook for 2016 to be published on 13 April 2016

Berlin, 1 March 2016. Based on preliminary calculations, Francotyp-Postalia Holding AG, the Digital Mailroom provider, was able to considerably improve its revenue and EBITDA in the 2015 financial year and thus exceed the guidance that was increased in autumn 2015. Revenues rose to EUR 190.8 million from EUR 170.3 million the previous year. The double-digit growth is primarily the result of growth in mail services (consolidation of business mail), successful leasing of the PostBase franking system, and significantly positive exchange rate effects, which amounted to EUR 9.1 million in the whole of 2015.

The proportion of recurring revenue was at 81% in 2015; compared to the previous year, this revenue increased from EUR 139.4 million to EUR 154.0 million. Over and above the mail services and leasing business, the figure also includes revenue from software, service, teleporto and consumables for the around 230,000 franking machines worldwide. At EUR 36.8 million, revenue from product sales was also considerably above last year’s level of EUR 30.9 million.

Preliminary calculations suggest that EBITDA, including a positive currency effect of EUR 3.9 million, improved to EUR 27.5 million compared to EUR 23.1 million the previous year, pushing the EBITDA margin up from 13.6% the previous year to 14.4%. FP Group ended in the year 2015 very successful the replacement of franking machines necessitated by the discontinuation by the United States Postal Service of older franking machines (decertification) in the US lease market. This resulted above all in higher write-downs of EUR 17.6 million after a figure of EUR 13.3 million in 2014. Despite considerably higher write-downs EBIT remains unchanged from the previous year’s level at EUR 9.8 million. Based on the preliminary calculations, group profit reached EUR 4.4 million because of the likelihood of increased tax liabilities, compared to EUR 5.2 million the previous year.

As announced, the FP Group invested primarily in the course of 2015 in exchanging franking systems in the US American market and in developing new franking systems. In total, investments ran to EUR 20.2 million, compared to EUR 23.1 million the previous year. Based on the preliminary calculations, free cash flow improved by around EUR 4 million to EUR -1.3 million in 2015 from EUR 5.6 million the previous year; by the end of the year, it was nonetheless weaker than expected due to sustained high levels of investment.

The FP Group will present its final figures for the 2015 financial year on 13 April 2016. On the same day, Rüdiger Andreas Günther, CEO of Francotyp-Postalia Holding AG, will also present an outlook for the current year, 2016, some 100 days after he has taken up office. Together with his colleagues from the Management Board, Thomas Grethe and Sven Meise, Rüdiger Andreas Günther will also present an update of the current strategic focus of the FP Group, in particular with regard to the potential for an accelerated expansion of promising areas of business.

Key figures at a glance:


in EUR million	2015	2014	Change
Revenue	190.8	170.3	+12.0%
EBITDA	27.5	23.1	+19.0%
EBIT	9.8	9.8	+0.1%
Consolidated net income	4.4	5.2	-15.1%
EPS (in EUR)	0.26	0.32	-18.8%
Investment	20.2	23.1	-12.6%
Free cash flow	– 1.3	– 5.6	+76.8%
Net debt	19.6	16.0	+22.5%
Employees (number)	1.048	1,054	– 0.6%

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 provider of Digital Mailrooms. This global company offers corporate and individual clients a full range of products and solutions for communication and documentation processes. It provides not only traditional machines for franking and inserting letters but also services, including business mail collection and innovative software solutions such as De-Mail. The FP Group currently operates in many industrialised countries through subsidiaries and has a global market share of more than ten per cent for franking machines. With a corporate history dating back more than 90 years, the FP Group is now benefiting from companies’ readiness to digitise business operations and to outsource their business mail to professional service providers. In financial year 2014, the company generated revenue of EUR 170.3 million. The FP Group has about 1,000 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: [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