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Masterflex SE Investor Presentation 2025
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Investor Presentation
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MASTERFLEX GROUP
Earnings Call Presentation
Q1/2025
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AGENDA
01 Overview
02 Key Figures Q1/2025
03 Outlook 2025
04 Appendix
01 | Overview
R
Highlights in the first quarter of 2025
- Return to growth – Group revenue increased by 5.1% to EUR 27.5 million (previous year: EUR 26.2 million) in a challenging environment
- Operating EBIT at a record level of EUR 4.5 million (previous year: EUR 4.3 million) – margin at 16.3% (previous year: 16.3%)
- Syndicated loan provides strategic flexibility to implement the future strategy HERO@ZERO and M&A
-
Order situation: Robust growth in infrastructure-related industries, medical technology and aviation
-
Order backlog of EUR 20.3 million at 31/03/2025 at a solid level (31/12/2024: EUR 19.8 million)
- Increase in Group equity to EUR 66.4 million (31/12/2024: EUR 63.6 million); solid equity ratio of 67.9% (31/12/2024: 67.7%)
- Outlook 2025: Revenue between EUR 100 million and EUR 105 million (2024: EUR 98.1 million), EBIT between EUR 12 million and EUR 15 million (2024: EUR 12.5 million) expected
- Dividend increase to EUR 0.27 per share (2023: EUR 0.25) planned
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ID-102 | Key Figures Q1/2025
Growth returns at the beginning of the year
- Revenue growth despite challenging economic conditions
- Operating EBIT on record level - margin well into double digits at 16.3% (previous year: 16.3%).
- Increase in earnings thanks to favourable product mix and efficiency improvements in production and purchasing
- Cost of materials ratio (measured in terms of total output) at 27.6% (previous year: 30.4%)
- Higher labour costs partially offset by productivity increases
| in EUR million | Q1/2025 | Q1/2024 | Change |
|---|---|---|---|
| Revenue | 27.5 | 26.2 | 5.1% |
| EBITDA | 5.8 | 5.5 | 5.6% |
| EBIT (operating) | 4.5 | 4.3 | 5.4% |
| EBIT | 4,4 | 4,2 | 4.9% |
| Consolidated result | 3.0 | 2.8 | 7.1% |
| EPS (in EUR) | 0.32 | 0.30 | 6.7% |
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Rising Group equity in the first quarter of 2025
Group equity in EUR million and equity ratio
Dividend/EPS
Group equity further increased
- Group equity increased to EUR 66.4 million as of 31/03/2025 due to the positive Group result (31/12/2024: EUR 63.6 million)
- Equity ratio higher at 67.9% (31/12/2024: 67.7%)
- Net debt slightly higher at EUR 9.6 million (31/12/2024: EUR 9.0 million) due to reduced cash on hand
- Earnings per share of EUR 0.32 (previous year: EUR 0.30)
- Dividend proposal of EUR 0.27 per share (2023: EUR 0.25)
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Masterflex share and analyst ratings
Development of the share price from January 2024 till end of April 2025 in EUR (on Xetra basis)
Analyst ratings
Consensus expectations revenue in EUR million
Shareholder structure
Montega Research
07/05/2025
BUY - EUR 15.00
Metzler
31/03/2025
BUY - EUR 13.00
Bank M/
SMC-Research
08/05/2025
BUY - EUR 15.30
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03 | Outlook
Outlook 2025
The economic environment is increasingly difficult to assess - Q1 and Q2 are strongly influenced by political, economic, and geopolitical uncertainties
Further structural improvements, expansion of capacities in the aviation sector and diversification of growth strategy HERO@ZERO
Order backlog of EUR 20.3 million as of 31/03/2025 (31/12/2024: EUR 19.8 million)
Revenue for 2025 expected between EUR 100 million to EUR 105 million (2024: EUR 98.1 million)
Growth targeted in all customer industries - opportunities for overproportional growth in the medical technology and aviation sectors
EBIT expected in the range of EUR 12 million to EUR 15 million in 2025 (2024: EUR 12.5 million)
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What are our plans for 2025 and beyond?
-
Capacity expansion for the aviation industry:
Establishment of a low-cost country facility; revenue in aviation is expected to double by 2030; SOP in 2026, investment of approximately EUR 3.0 million -
Acquisition of new high-volume customer projects:
We are currently working on several customer projects with high revenue potential; Planned implementation by the end of 2025 / beginning of 2026 -
Product innovations before market launch:
In-house innovations with high revenue potential are close to market readiness -
Inorganic growth:
First M&A activities expected from Q3/2025; Region: Europe/USA; Industry: "Life"; Strategic focus: vertical integration
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Outlook medium-term forecast
- Growth to a revenue level of EUR 200 million with a sustained double-digit EBIT margin planned until 2030
- Extended product and service range in the circular economy planned based on Ampius hose system
- Further increase in profitability thanks to economies of scale
- Focus on megatrends such as green energy, semiconductors, life science, medical technology and a suitable portfolio of solutions ensures sustainable growth
> "The Company's operating phase ahead is marked by growth."
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MASTERFLEX GROUP
Thank you
© Copyright Masterflex Group
04 | Appendix
Masterflex at a glance
Revenue
in EUR million
EBIT (operating)
in EUR million
EBITDA
in EUR million
EPS
in EUR
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Financial calendar 2025
| 7 May | Quarterly Statement 1/2025 |
|---|---|
| 12 June | Annual General Meeting |
| 6 August | Half-Year Report 2025 |
| 27 August | HIT - Hamburg Investor Days |
| 5 November | Quarterly Statement 3/2025 |
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© Copyright Masterflex Group
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© Copyright Masterflex Group
MASTERFLEX GROUP
Connecting Values
Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
www.masterflexgroup.com
Tel +49 209 97077 0
Fax +49 209 97077 33
[email protected]
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Bahnhofstraße 98
82166 Gräfelfing/Munich
www.crossalliance.de
Tel +89 125 09 03 33
[email protected]