Masterflex SE — Earnings Release 2004

May 26, 2004

News Details

Ad-hoc | 26 May 2004 08:26

Masterflex AG confirms preliminary figures with revenue growth and record earnin

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad hoc disclosure: Masterflex AG confirms preliminary figures with revenue growth and record earnings March 31 March 31 +/- 2004 2003 Revenue (EUR thou.) 17,851 15,375 +16.1% EBITDA (EUR thou.) 2,724 1,937 +40.6% EBIT (EUR thou.) 2,094 1,301 +61.0% EBT (EUR thou.) 1,851 1,007 +83.8% Net profit (EUR thou.) 1,043 501 +108.2% Earnings per share (IAS) 0.23 0.12 +91.7% (EUR) EBIT margin 11.7% 8.5% Gelsenkirchen, May 26, 2004. Masterflex AG (ISIN DE0005492938), the technology leader in the processing of specialty plastics, continued its successful growth and today confirmed its preliminary figures for Q1 2004 published at the end of April. Revenue amounted to EUR 17.9 million, up 16.1% year-on-year. The Company’s rapid growth is mainly reflected in the earnings figures. Thus, earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 40.6% to EUR 2.7 million. Consolidated earnings before interest and taxes (EBIT) surged 61% to EUR 2.1 million. This is the highest increase in the Company’s history, and is well above targets. EBT also rose sharply by 83.8% to EUR 1.9 million. At 108.2%, net profit growth was stronger still, soaring to EUR 1.0 million for earnings per share of EUR 0.23 (+91.7%). The above-average increase in earnings was due to the unbroken trend towards premium top-of-the-range products. In addition, the Company’s US operations broke even at the end of last year and thus made a positive contribution to revenue and earnings in Q1 2004. Despite the surprisingly strong first quarter of 2004, the Company is standing by its traditionally cautious forecasts (revenue +17-20%, EBIT +30-35%) for full-year 2004 for the time being. Further information: Masterflex AG, Willy-Brandt-Allee 300, 45891 Gelsenkirchen, Germany http://www.masterflex.de end of ad-hoc-announcement (c)DGAP 26.05.2004 ——————————————————————————– WKN: 549 293; ISIN: DE0005492938; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 260826 Mai 04