Masterflex SE — Earnings Release 2006

Mar 22, 2007

News Details

Ad-hoc | 22 March 2007 09:41

Masterflex AG with positive operating trend, revaluation of financial assets

Masterflex AG / Final Results/Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc notification in line with Article 15 of the Securities Trading Act

Masterflex AG with positive trend in the forecast corridor for revenues and
operating income

Revaluation of financial assets

Dividend policy retained

Optimistic outlook for dynamic growth in financial year 2007

Gelsenkirchen, 22 March 2007. In operating terms Masterflex AG (ISIN
DE0005492938) concluded the 2006 financial year very successfully.
Consolidated revenues increased for the nineteenth consecutive time, moving
up by 38.1 percent to EUR 115.7 million. Consolidated EBITDA increased by
18.2 percent to EUR 17.2 million, consolidated EBIT on an operating basis
excluding impairment by 15.8 percent to EUR 14.2 million (PY: EUR 12.3
million). It was thus at the upper end of the forecast corridor of 10 to 20
percent.

In the course of preparing the annual financial statements, the Masterflex
AG Management Board made a revaluation of financial assets. In view of the
positive, but unsatisfactory earnings situation at the subsidiary Angiokard
Medizintechnik GmbH & Co. KG 2006 impairment of EUR 4.1 million was taken
on the goodwill to the reporting date of 31 December 2006.

This impairment does not impact cash flow, but meant that the result was
lower. Consolidated EBIT was EUR 10.1 million. Consolidated net income
moved up by 24.9 percent to EUR 4.5 million (PY: EUR 6.0 million). This is
equivalent to earnings per share of EUR 1.03 (PY: EUR 1.37).

Due to the positive development of operating earnings, the Management Board
will propose the Masterflex Supervisory Board the payment of a dividend at
the previous-year level of EUR 0.80 per share, which will then be presented
for voting at the Annual General meeting on 5 June 2007.

The Masterflex AG Management Board is optimistic that the positive
operating development will continue in the current financial year. A range
of product innovations are about to be launched and successful
internationalisation is to be reinforced. The Management Board thus expects
Consolidated revenues to increase between 10 and 20 percent and
Consolidated EBIT to rise between 50 and 60 percent. On the basis of
Consolidated operating EBIT 2006, this is an increase of between 6 and 12
percent.

The complete annual report for 2006 is to be presented at the Accounts
Press Conference and the DVFA Analysts Conference on 2 April 2007 and will
then be available for downloading at www.masterflex.de.

For further information: Masterflex AG, Investor Relations, Stephanie
Kniep, Willy-Brandt-Allee 300,D-45891 Gelsenkirchen, kniep@masterflex.de ,
Tel.+49 209 9707744.

DGAP 22.03.2007

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

End of News DGAP News-Service

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