Masterflex SE — Earnings Release 2002

Jul 23, 2002

News Details

Ad-hoc | 23 July 2002 21:46

Masterflex AG english

Masterflex Board releases preliminary H1 figures Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Masterflex Board releases preliminary H1 figures Positive outlook for year as whole confirmed Gelsenkirchen, July 24, 2002 The Board of Masterflex AG (WKN 549 293) will announce the preliminary figures for H1 2002 at the companys Annual General Meeting on July 24. These reveal a year-on-year increase in revenue of 34.3% to EUR27.5 million. As previously announced, EBIT development continues to reflect the set-up costs and one-time charges incurred in 2001. In comparison to the previous year, EBIT dropped 12% from EUR2.4 million to EUR2.0 million. However, the company further reduced the year-on-year drop as against the first quarter of 2002, with EBIT rising 16.5% in Q2 2002 as against Q1. Earnings per share also improved by 20% over the same period. Thanks to this positive development and the fact that the Group traditionally records its largest increases in revenue and profits in the second half of the year, the Board reiterated its previous forecasts for the year. According to these projections, revenue will rise by 15% and EBIT will rise by between 6 and 12% for the year as a whole. This positive trend is expected to improve further in 2003 as a result of the planned product drive. For further information, please contact: Masterflex AG, Investor Relations, Willy-Brandt-Allee 300, 45891 Gelsenkirchen, Germany kniep@masterflex.de, Tel. +49 (0)209-9707744, Fax +49 (0)209-9707720 end of ad-hoc-announcement (c)DGAP 23.07.2002 ——————————————————————————– WKN: 549 293; ISIN: DE0005492938; Index: SDax Listed: Amtlicher Markt in Frankfurt (SMAX); Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart 232146 Jul 02