AI assistant
Masterflex SE — Earnings Release 2014
May 12, 2014
276_rns_2014-05-12_39bcfabc-df5a-49f0-a51e-817c0b826803.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Corporate | 12 May 2014 08:10
Masterflex SE: Very good start in 2014
Masterflex SE / Key word(s): Quarter Results
12.05.2014 / 08:10
Masterflex SE: Very good start in 2014
- Revenue growth of 11.5% in Q1
- EBIT margin of 13.0%
- Progress in optimisation of internal processes
Gelsenkirchen, 12 May 2014 – With an increase in revenue of 11.5%, the Masterflex Group’s business with high-tech hoses and connecting systems had an excellent start in 2014. Revenue of EUR 16.0 million was generated in the first three months (previous year: EUR 14.3 million). Masterflex CEO Dr Andreas Bastin commented: “Even though some of this increase is due to this year’s late Easter, the incoming orders show us that our business is doing well.”
The solid business performance is also the reason why EBIT rose even more strongly than revenue, surging by 19% to EUR 2.1 million (EUR 1.8 million). The Masterflex Group is increasingly able to more effectively utilise the personnel capacity established for its international expansion. This is because the growth strategy of the specialist for hightech hoses is based on innovation and internationalisation, for which new staff has been secured in recent years and months. This led to evident upfront costs in 2013 in particular, as recruiting and training staff, in addition to tapping markets, takes time.
The Masterflex Group has also taken a leap forward in terms of innovation with the Master-PUR Trivolution(R) spiral hose launched in February (see press release of 21 February 2014). This hose combines three key additional properties for on-site operation: it is antistatic, has low flammability and microbe resistance. The initial feedback from the market has been very good.
With net finance costs virtually constant, the consolidated net profit for Q1/2014 amounted to EUR 1.1 million (previous year: EUR 0.9 million), corresponding to EUR 0.13 per share (previous year: EUR 0.11).
Three out of four German locations have been reorganised under single management since January 2014. This measure – which is also visible from the outside – was implemented as part of the optimisation of internal processes begun some time ago.
At the Annual General Meeting on 24 June 2014, the Executive Board and the Supervisory Board will propose creating new contingent capital of up to EUR 4.4 million after the previously approved contingent capital expires in July 2014. With this step the Masterflex Group intends to preserve its flexibility in financing possible steps in its future expansion as well, as the market for hightech hoses and connecting system still offers great potential for growth.
| Key figures Q1/2014 | 31.03.2014 | 31.03.2013 | Change |
| Consolidated revenue (kEUR) | 15,988 | 14,339 | +11.5% |
| EBITDA (kEUR) | 2,768 | 2,377 | +16.4% |
| EBIT (kEUR) | 2,085 | 1,752 | +19.0% |
| EBT (kEUR) | 1,750 | 1,470 | +19.0% |
| Consolidated earnings from continued business units (kEUR) | 1,163 | 967 | +20.3% |
| Consolidated earnings from discontinued business units (kEUR) | -19 | 3 | |
| Consolidated net income/loss (kEUR)* | 1,136 | 945 | +20.2% |
| Earnings per share from continued business units (EUR) | 0.13 | 0.11 | +18.2% |
| Earnings per share from discontinued business units (EUR) | 0.00 | 0.00 | |
| Earnings per share (EUR) | 0.13 | 0.11 | +18.2% |
| EBIT margin | 13.0% | 12.2% | |
| Employees | 568 | 506 | +12.3% |
| 31.03.2014 | 31.12.2013 | Change | |
| Consolidated equity (kEUR) | 24,106 | 23,023 | +4.7% |
| Consolidated total assets (kEUR) | 54,895 | 53,690 | +2.2% |
| Consolidated equity ratio (%) | 43.9% | 42.9% |
* without minority interests
The Masterflex Group is a specialist in the development and manufacture of sophisticated hose and connection systems. With 13 operational units in Europe, America and Asia, the Group is represented almost everywhere in the world. Internationalisation and innovation are the drivers for growth.
Contact: Dr. Annette Littmann, Tel. 49 209 970 77 44, Email: [email protected]
End of Corporate News
12.05.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| 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 |
| - - - |
| 267665 12.05.2014 |