Masterflex SE — Earnings Release 2007

Nov 9, 2007

News Details

Corporate | 9 November 2007 07:30

Masterflex AG continues to enjoy success: Revenue 20.3%, EBIT 7.2%, net profit 9.0%

Masterflex AG / Quarter Results/Miscellaneous

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P R E S S R E L E A S E

Nine-month report for 2007: Masterflex AG continues to enjoy success

Revenue 20.3%, EBIT 7.2%, net profit 9.0%

Executive Board confirms forecast for 2007: revenue 10% to 20%, EBIT 50% to
60%, EBIT 6% to 12% (excluding goodwill impairment)

IFRS 30 Sept. 2007 30 Sept. 2006 Change (%)
Revenue (€ thou.) 100,801 83,761 20.3%
EBITDA (€ thou.) 11,902 11,188 6.4%
EBIT (€ thou.) 9,692 9,041 7.2%
EBT (€ thou.) 7,901 7,121 11.0%
Net profit (€ thou.) 4,974 4,562 9.0%
Earnings per share (€) 1.14 1.04 9.6%
Net profit margin 4.9% 5.4%
EBIT margin 9.6% 10.8%
Number of employees 789 667 18.3%
30 Sept. 2007 30 Dec. 2006 Change (%)
Equity (€ thou.) 32,466 31,520 3.0%
Total assets (€ thou.) 129,167 112,719 14.6%
Equity ratio 25.1% 28.0% -10.4%

Gelsenkirchen (Germany), 9 November 2007. Masterflex AG (ISIN DE0005492938)
– the technology leader in special plastics processing – successfully
continued its successful performance in the first nine months of financial
year 2007. Consolidated revenue climbed 20.3% to EUR 100.8 million
(previous year: EUR 83.8 million). The core High-tech Hose Systems business
unit and the Mobile Office Systems and Advanced Material Design units
significantly contributes to this increase.

As already outlined in previous quarterly reports, the goodwill impairment
recognised in the Medical Technology business unit in the amount of EUR 4.1
million as at 31 December 2006 is not being distributed across the
individual quarters of 2007. Consolidated earnings before interest, taxes,
depreciation and amortisation (EBITDA) were thus lifted by 6.4% to EUR 11.9
million (previous year: EUR 11.2 million). Consolidated earnings before
interest and taxes (EBIT) rose 7.2% to EUR 9.7 million (previous year: EUR
9.0 million) and consolidated net profit was boosted 9.0% to EUR 5.0
million (previous year: EUR 4.6 million). This resulted in earnings per
share jumping 9.6% to EUR 1.14 (previous year: EUR 1.04).

The Executive Board of Masterflex AG is satisfied with the performance over
nine months in financial year 2007. In the 20th year since the Company was
founded, it launched innovative products and further strengthened its
internationalisation.

The Executive Board of Masterflex AG therefore reaffirms its full-year
forecast with a rise in consolidated revenue from 20% to 30% and an
increase in consolidated earnings before interest and taxes (EBIT) from 6%
to 12%.

Further expansion of the core High-tech Hose Systems business unit
including the new promising Fuel Cell Technology unit and value-based
growth in the Medical Technology business unit are vital objectives for
financial year 2008.

The Quarterly Report for Q3 2007 can be downloaded from the Company’s
homepage at www.masterflex.de.

Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee
300, 45891 Gelsenkirchen, Germany, kniep@masterflex.de , Tel. +49 209 97077
44, Fax +49 209 97077 20
09.11.2007 Financial News transmitted by DGAP

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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
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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