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Masterflex SE — Audit Report / Information 2017
Aug 7, 2017
276_ip_2017-08-07_3e255627-6aa1-4f93-aca9-c2994b9fdade.pdf
Audit Report / Information
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At a glance
Technology leader for high-tech hoses and connection systems
- 1987 established in Germany/Ruhr region
- 13 sites in Europe, North & South America and Asia
- Award-winning leader in technology for hoses
- Sustainable good EBIT margin
- Since 2000 listed in the Prime Standard segment
- 42% freefloat, more than 58% with 6 major shareholders (thereof a good 5% to the Executive Board)
Financial Figures – Sales Trend
Consolidated Turnover
Financial Figures – Operational Results
Group EBIT & EBIT Margin
€ million
Profitability improved
- Cost of materials ratio: 32.5% (p.y. 31.0%)
- Staff cost ratio: 37.2% (p.y. 38.0%)
- EBIT margin: 9.9% (p.y. 10.1%)
- Sligth shift of cost ratios caused by APT
Financial Figures – Results
Our business model
The Market for Hoses
- Total market volume: € 21 billion (Europe, Americas, Asia)
- Market for special hoses: € 2 billion
- Our long-term goal: € 200 million
- Our solutions: Durable connections for transport of gases, fluids and solids under special requirements
- Consultation driven sale and development work
Data: ProdCom/Eurostat; own survey
Our extended product portfolio
| Brand | Product | Materials | Market Participants |
|---|---|---|---|
| PU, PVC, textiles |
Schauenburg, Norres, Merlett |
||
| VMQ (silikone), CMS (Hypalon®) |
Hutchinson, MST, Flexfab |
||
| PU, PVC, PA, PE |
Modenplast, Medi-Line, Raumedic |
||
| PC ABS, PVC |
Borla, Promepla | ||
| PU, PVC, metals |
Hi-tech Duravent, Flexaust, Kanaflex |
||
| FEP, PFA, PTFE |
Optinova, Saint Gobain |
Our customer sectors
Our refined strategy
Outlook
Forecast for 2017
- Growth of revenue between 6% and 10% (therefore turnover between € 70.5 million and € 73.2 million)
- EBIT margin above 10% (therefore EBIT more than € 7 million)
- After Q2/2017: outlook confirmed
Future dividend strategy
- Continuity: at least equivalent to the amount paid at previous year
- Appropriate dividend in line with the requirements of the company's growth
Our shareholders
Our Shareholders
Division of the capital of 9.8 million shares
- Free flow (41.8%)
- SVB GmbH & Co. KG/ Family Schmidt (17.6%)
- Stichting Administratiekantoor Monolith (13.1%)
- J.F. Müller & Sohn (11.9%)
- BBC GmbH/ Dr. Bastin, Becks (5.6%)
- Reinhart Zech/ Grondbach GmbH (5.6%)
- Families Bischoping (3.0%)
- Treasury shares (1.4%)
Annex
Financial calendar 2017
| 27th March |
Financial Press Conference, Annual Report |
|---|---|
| 31th March |
DFVAAnalysts conference |
| 5th May | Release for Q1/2017 |
| 27th June | AGM, Gelsenkirchen |
| 7th August |
Half Year Report 2017 |
| 6th November |
Release for Q3/2017 |
| 27th 29th til November |
Deutsches Eigenkapitalforum |
| Contact – [email protected] |
|
| CFO | Mark Becks |
| IR | Dr. Annette Littmann |
The Masterflex Group
Organisation chart of the Group
Annex – Corporate Bodies of Masterflex SE
Executive Board
Dr. Andreas Bastin CEO
Mark Becks CFO
Supervisory Board
Chairman
Dr. Gerson Link Deputy Chairman
Annex – Disclaimer
This report contains forward-looking statements regarding future developments which are based on current assessments and planning of the management. Such forwardlooking statements are characterised by words such as "expect", "would", "up to", "possible", "anticipate" and similar expressions. These statements are subject to risks and uncertainties. Should one of these factors of uncertainty or other imponderables occur or should the assumptions underlying the statements prove to be incorrect, the actual developments could differ significantly from the possible developments specified or implied in these statements. The Company does not intend to and assumes no obligation to update forward-looking statements on an ongoing basis, as these statements are based exclusively on the circumstances at the date of their publication.
Picture credits: All pictures © Masterflex SE except
| Slide 2 | © Handelsblatt-Verlag, www.top-100 |
|---|---|
| Slide 8 | © zoja-Fotolia.com |
| Slide 10 | Automotive: © Nataliya Hora–Fotolia.com, Rail industry © Petair–Fotolia.com, |
| Aviation: © arquiplay77–Fotolia.com , Renewable energy: © F.Schmidt–Fotolia.com | |
Slide 12 © psdesign1–Fotolia.com