Masterflex SE — Earnings Release 2007

Aug 15, 2007

News Details

Corporate | 15 August 2007 07:50

Successful first half of 2007 for Masterflex AG

Masterflex AG / Half Year Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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

Successful first half of 2007 for Masterflex AG

Revenue +15.6%, EBIT +8.2%, Net profit +4.2%

Board confirms estimate for 2007:

Revenue +10 to 20%, EBIT +50 to 60%, EBIT +6 to 12% (excluding goodwill
write down)

                               30/06/07     30/06/06   +/-

Revenue (EUR thou.) 63,662 55,082 +15.6%

EBITDA (EUR thou.) 7,764 7,197 + 7.9%

EBIT (EUR thou.) 6,263 5,791 + 8.2%

EBT (EUR thou.) 5,166 4,697 +10.0%

Net profit (EUR thou.) 3,170 3,041 + 4.2%

Earnings per share (EUR) 0.73 0.70 + 4.3%

Gelsenkirchen, 15 August 2007. Masterflex AG (ISIN DE0005492938),
technological leader in the manufacturing of special plastics looks back on
a successful first half of 2007, which saw consolidated revenues rise for
the twentieth year in succession since the company’s foundation. Compared
with the same period the previous year, revenue increased by 15.6 percent
to reach a new record of EUR 63.7 million (half-year 2006: 55.1 EUR
million). Consolidated earnings before interest, taxes, depreciation and
amortisation (EBITDA) continued to develop extremely well, rising by 7.9
percent to EUR 7.8 million (half-year 2006: EUR 7.2 million).

As previously outlined in Quarterly Report 1/2007, the amortisation of
goodwill in the Medical Technology business unit amounting to EUR 4.1
million shown on the 31 December 2006 statements were not distributed
across the individual quarters of the year 2006. As a result, earnings
before interest and taxes (EBIT) at operating profit level rose by 8.2
percent to EUR 6.3 million (half-year 2006: EUR 5.8 million). Consolidated
net profit was up 4.2 percent to EUR 3.2 million (half-year 2006: EUR 3.0
million). This equates to earnings per share of EUR 0.73 (+ 4.3 percent).

Due to the successful developments during the first half-year, the Board of
Masterflex AG is extremely optimistic regarding the continued course of
business up to the end of the year, and therefore reiterates its positive
projection for fiscal year 2007. The Board of Masterflex AG expects
consolidated revenue to rise 10 to 20 percent and consolidated EBIT 50 to
60 percent, for a 6 to 12 percent increase at an operating level (before
goodwill amortisation).

The Interim Report for the first half of 2007 is available for downloading
at www.masterflex.de.

Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee
300, 45891 Gelsenkirchen, Tel. +49 (0)209 97077 44, Fax +49 (0)209 97077
20, kniep@masterflex.de
DGAP 15.08.2007

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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
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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