Masterflex SE — Earnings Release 2005

Aug 17, 2005

News Details

Corporate | 17 August 2005 08:03

Masterflex AG : Continued success

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Continued success at Masterflex AG Revenue +10.5%, EBIT +11.2%, Net Profit +20.2% Board reiterates 2005 forecast: Revenue +15-20%, EBIT +15-25% June 30, 05 June 30, 04 +/- Revenue (EUR thou.) 38,902 35,191 +10.5% EBITDA (EUR thou.) 6,206 5,921 + 4.8% EBIT (EUR thou.) 5,161 4,643 +11.2% EBT (EUR thou.) 4,264 4,120 + 3.5% Net profit (EUR thou.) 2,909 2,420 +20.2% IAS-EPS (EUR) 0.67 0.54 +24.1% EBIT margin 13.3% 13.2% Gelsenkirchen, August 17, 2005. Masterflex AG (ISIN DE0005492938), a technology leader in specialty plastics processing, continued its successful growth course in the first half of 2005. Consolidated revenue grew by 10.5% year-on-year to EUR38.9 million. Earnings before interest, taxes, depreciation and goodwill amortization/impairment (EBITDA) rose by 4.8% to EUR6.2 million, while earnings before interest and taxes (EBIT) climbed 11.2% to EUR5.2 million. The EBIT margin grew at a faster pace to 13.3%, one of the most impressive figures of any listed German corporation. Net profit increased by 20.2% to EUR2.9 million, lifting earnings per share from EUR0.54 to EUR0.67 EUR (+ 24.1%). With the second half of the year traditionally generating stronger revenue, the Company expects the pace of growth to increase further. Masterflex AG is also on the verge of launching innovative, high-margin products, primarily in the High-tech Hose Systems business unit. The Board believes that fiscal 2005 will be another successful year. This upbeat forecast is based on Masterflex AG’s outstanding market position and its forward-looking business areas. The Board of Masterflex AG is therefore reiterating its forecasts for fiscal 2005 of revenue growth in the order of 15% to 20%, and an increase in EBIT of between 15% and 25%. Download the Q2/2005 interim report at http://www.masterflex.de . Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee 300, 45891 Gelsenkirchen, Germany, Tel. +49 (0)209 97077 44, Fax +49 (0)209 97077 20, kniep@masterflex.de End of announcement (c)DGAP 17.08.2005 —————————————————————————— WKN: 549 293; ISIN: DE0005492938; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 170803 Aug 05