Masterflex SE — Earnings Release 2006

Nov 15, 2006

News Details

Corporate | 15 November 2006 07:30

Masterflex AG growth continues:Revenue +38.4%, EBIT +11.8%, Net profit +1.8%

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— P R E S S R E L E A S E Masterflex AG growth continues: Revenue +38.4%, EBIT +11.8%, Net profit +1.8% Management Board reiterates 2006 guidance: Revenues >30%, EBIT +10-20% According to IAS 30.09.06 30.09.05 +/- Revenues (TEUR) 83,761 60,526 +38.4% EBITDA (TEUR) 11,188 9,739 +14.9% EBIT (TEUR) 9,041 8,087 +11.8% EBT (TEUR) 7,121 6,723 +5.9% Net profit (TEUR) 4,562 4,480 +1.8% IAS EPS (EUR) 1.04 1.00 +4.0% Gelsenkirchen, 15 November 2006. Masterflex AG (ISIN DE0005492938), technology leader in the field of special plastics processing, continued its successful development in the first nine months of the financial year 2006. Consolidated revenues rose by 38.4 percent to EUR 83.8 million. Revenues increased across all business units. Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed to EUR 11.2 million (+14.9 percent), while earnings before interest and taxes (EBIT) moved up to EUR 9.0 million (+11.8 percent). Net profit improved by 1.8 percent to EUR 4.6 million, resulting in earnings per share of EUR 1.04 EUR (+4.0 percent). The Masterflex AG Management Board is fully satisfied with the development in the first nine months of financial year 2006. A variety of unique new products were successfully launched and internationalisation further advanced. The Masterflex AG Management Board thus reiterates its whole year guidance revenues increasing by more than 30 percent and a rise in EBIT of 10 to 20 percent. For financial year 2007, the Masterflex AG Management Board regards the company as in an excellent position due to the fact that the company has created the conditions to make improvements in the next year, particularly in terms of qualitative growth. The focus of the growth plans is the core High-Tech Hose Systems business unit. Here dynamic growth is evident, resulting from the launch of new products, the further internationalization and accelerated business in the USA. With these conditions, the Masterflex AG Management Board expects higher revenues and a considerably higher EBIT upturn in the financial year 2007. You can download the 3/2006 quarterly report from the web site www.masterflex.de. Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee 300,D-45891 Gelsenkirchen, kniep@masterflex.de, Tel. +49 209 97077 44, Fax +49 209 97077 20 (c)DGAP 15.11.2006 ————————————————————————— Language: English Issuer: Masterflex AG Willy-Brandt-Allee 300 45891 Gelsenkirchen Deutschland Phone: +49 (0)2099 70 77-44 Fax: +49 (0)2099 70 77-20 E-mail: Kniep@masterflex.de WWW: www.masterflex.de ISIN: DE0005492938 WKN: 549 293 Indices: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————