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Masterflex SE — Earnings Release 2012
Mar 26, 2013
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Earnings Release
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Corporate | 26 March 2013 08:30
Masterflex SE continues to grow successfully
Masterflex SE / Key word(s): Final Results
26.03.2013 / 08:30
Masterflex SE continues to grow successfully
– Provisional figures for 2012 confirmed: revenue EUR 55.0 million, EBIT margin 13.7%
– Consolidated net income for the year EUR 4.4 million, earnings per share EUR 0.50
– Equity ratio now 39.1%
– Internationalisation making progress
– New unified brand presence for the Group
Gelsenkirchen, 26 March 2013 – Masterflex SE, the specialist for high-tech hoses and connector systems, has continued on its course of profitable long-term growth. CEO Dr Andreas Bastin: ‘In its entire history, Masterflex has never sold so many high-tech hoses and connector systems as in 2012. Last year had its ups and downs. On balance, it was a successful year.’
At today’s financials press conference, Masterflex confirmed the pre-publication provisional figures for the 2012 financial year. Revenue increased from EUR 53.0 million to EUR 55.0 million (+3.7%). Operating earnings before interest and taxes (EBIT) increased from EUR 7.5 million (2011) to EUR 7.6 million. This equates to an EBIT margin of 13.7%. The low increase compared to the increase in revenue is primarily attributable to initial costs for internationalisation. Bastin: ‘We are investing in our growth, which is based on continued internationalisation and innovation. But acquisitions in the hose business are also possible.’
Due to significant debt reduction and the resulting increase in the rating, net finance costs improved considerably in 2012 and now amount to EUR -1.6 million (previous year: EUR -2.2 million). The costs for the change of legal form (AG to SE) of EUR 0.2 million (previous year: 0) are reported separately under non-operating expenses. Earnings from continued business units therefore came to EUR 4.9 million (previous year: EUR 4.3). Expenses from discontinued business at EUR -0.3 million (previous year: EUR -0.1 million) are slightly higher because of provisions established for a legal dispute.
Consolidated net income amounted to EUR 4.4 million (previous year: EUR 3.9 million). Earnings per share came to EUR 0.50 (previous year: EUR 0.44). Masterflex is still unable to pay a dividend for 2012.
On the basis of the net profit for the year, the equity ratio again increased to its present level of 39.1% (previous year: 31.9%).
Last year, a series of important intermediate steps were taken: The change of legal form (AG to SE) was successfully implemented. The launch in Asia took place. After initial administrative hurdles, we entered Asia expectantly. In order to focus the company’s outward identity and strengthen a consistent corporate appearance, the Group’s market and brand presence was unified. In future, the Masterflex Group and its companies will offer their products and services under five brands:
The slogan Connecting Values represents the promise that Masterflex creates clear added value for the user with the high-tech hoses and connector systems it develops itself.
Masterflex wants to continue to position itself on the market with this promise. Bastin: ‘The use of high-tech hoses offers much more potential than is nowadays associated with the term ‘hose’. We want to tap this potential through continued profitable growth. This includes developing our internal processes and structures. Our goal is global market leadership in the market for high-tech hoses and connector systems.’
The figures for the 2012 financial year can be seen below.
| 31.12.2012 | 31.12.2011 | Change | |
| Consolidated revenue ( EURk) | 54,984 | 52,999 | 3.7% |
| EBITDA (EURk) | 10,171 | 9,964 | 2.1% |
| EBIT (EURk) | 7,556 | 7,499 | 0.8% |
| EBT (EURk) | 5,989 | 5,261 | 13.8% |
| Consolidated earnings from continued business units (EURk) |
4,904 | 4,256 | 15.2% |
| Consolidated earnings from discontinued business units (EURk) |
-262 | -114 | -129.8% |
| Consolidated earnings (EURk) | 4,443 | 3,883 | 14.4% |
| Consolidated equity (EURk) | 20,524 | 16,239 | 26.4% |
| Consolidated equity ratio | 39.1% | 31.9% | |
| Consolidated total assets (EURk) | 52,435 | 50,930 | 3.0% |
| Employees | 501 | 448 | 11,8% |
| EBIT margin | 13.7% | 14.2% | |
| Return on sales | 8.9% | 8.0% | |
| Consolidated earnings per share | |||
| from continued business units (EUR) Aus Aus aus fortgeführten Geschäftsbereichen | 0.53 | 0.45 | 17.8% |
| from discontinued business units (EUR) aus aufgegebenen Geschäftsbereichen | -0.03 | -0.01 | 200.0% |
| from continued and discontinued* business units (EUR) aus fortgeführten und aufgegebenen* Geschäftsbereichen |
0.50 | 0.44 | 13.6% |
The Masterflex Group is a specialist in the development and production of high-quality connector and hose systems. With 13 operating units in Europe, America and Asia, the Group is represented almost all over the world. Its growth is driven by internationalisation and innovation.
Contact: Dr Annette Littmann, tel. +49 209 970 77 44, e-mail: [email protected]
End of Corporate News
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| Language: | English |
| Company: | Masterflex SE |
| Willy-Brandt-Allee 300 | |
| 45891 Gelsenkirchen | |
| Germany | |
| Phone: | +49 (0)209 97077-44 |
| Fax: | +49 (0)209 97077-20 |
| E-mail: | [email protected] |
| Internet: | www.masterflex.de |
| ISIN: | DE0005492938 |
| WKN: | 549 293 |
| Indices: | Prime all share |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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