Masterflex SE — Earnings Release 2002

Apr 24, 2003

News Details

Ad-hoc | 24 April 2003 23:02

Masterflex AG english

Masterflex AG exceeds revenue forecast for fiscal year 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Masterflex AG exceeds revenue forecast for fiscal year 2002 Encouraging increase in earnings Gelsenkirchen, April 25, 2003 31.12.02 31.12.01 Veränderung in % Revenue (EUR thous.) 56.823 45.785 + 24,1% EBITDA (EUR thous.) 8.013 7.043 + 13,8% EBIT (EUR thous.) 5.610 4.917 + 14,1% EBT (EUR thous.) 4.678 4.053 + 15,4% Net profit (EUR thous.) 2.518 2.013 + 25,1% IAS-earnings per share(EUR) 0,57 0,45 + 26,7% Despite the general weak economic climate, Masterflex AG (WKN 549 293) increased revenues by 24.1% to EUR56.8 million in fiscal year 2002. The company thus once again exceeded its guidance, which had already been raised in November 2002. The investments made over the last two years have been successfully implemented: earnings before depreciation, interest and taxes (EBITDA) in accordance with IAS, improved by nearly 14% to EUR8.0 million (previous year: EUR7.0 million), the consolidated earnings before interest and taxes (EBIT) in accordance with IAS rose by 14.1% to EUR5.6 million in line with forecasts. The company was able to increase net profit in accordance with IAS even faster, by 25.1% to EUR2.5 million (previous year: EUR 2.0 million). Earnings per share rose likewise by approximately 27% to EUR0.57 (2001: EUR0.45). In light of this positive development, the Board and Supervisory Board of Masterflex AG will propose the payment of a dividend of EUR0.40 per no-par value share at the companys Annual General Meeting on June 18, 2003. In 2003, the company aims to increase revenue by between 10 and 12% and EBIT by between 20 and 28%. Further information can be found at: www.masterflex.de, or contact kniep@masterflex.de, Tel. +49 (0)209-9707744. end of ad-hoc-announcement (c)DGAP 24.04.2003 ——————————————————————————– WKN: 549 293; ISIN: DE0005492938; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 242302 Apr 03