Francotyp-Postalia Holding AG
Francotyp-Postalia Holding AG: Francotyp-Postalia speeds up transformation: revenues rise in first half of 2017
DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarterly / Interim Statement/Quarter Results Corporate news – Revenues grow by 4.1% to EUR 104.4 million – FP accelerates ACT growth strategy and relaunch Mail Services business to increase profitability – EBITDA reaches EUR 12.7 million; EBITDA of EUR 14.9 million not including non-recurring effects from Mail Services and ACT investments – FP maintains guidance 2017 Berlin, 24 August 2017. Francotyp-Postalia Holding AG, an expert in secure and efficient communication, continued growing in the first half of 2017 and increased its revenues by 4.1% to EUR 104.4 million. The company was given supporting momentum by the consistent implementation of the ACT strategy. FP is unchanged attacking in the core business with franking systems. Revenues increased by 2.4% to EUR 64.6 million in the first half of 2017. Growth of as much as 9.4% was achieved in product sales. The PostBase Mini in particular is proving a sales hit in many countries. As a result, FP again enlarged its global market share. Management Board brings forward relaunch of Mail Services business At EUR 12.7 million in the first half of the year, EBITDA fell short of the previous year’s figure of EUR 14.6 million. As in previous years, earnings in the second quarter 2017 proved weaker than in the opening quarter. In addition to the non-recurring expenses in the Mail Services segment, the successful implementation of the ACT strategy requires further expenses of EUR 1.7 million. Adjusted for these expenses, EBITDA amounted to EUR 14.9 million. As announced, successes in the franking machine business due to the modernisation of the product portfolio in previous years and the investments in production, software and acquisition of customer lists are resulting in increasing amortisation and depreciation. The latter grew by EUR 1.5 million to EUR 9.8 million in the first half of 2017. EBIT totalled EUR 2.9 million in the first six months of the current fiscal year, consolidated net income EUR 2.2 million. This results in earnings per share (EPS) of 13 cents. Despite a EUR 1.9 million decline in EBITDA year on year, the FP Group generated a sound adjusted free cash flow of EUR 6.7 million (previous year: EUR 7.6 million). FP maintains guidance 2017 ACT strategy takes effect Rüdiger Andreas Günther, CEO of the FP Group, explains: “ACT is the right strategy at the right time, as shown by the sustainable growth in the franking machine business. We are now pushing ahead with our transformation in the domestic Mail Services business earlier than planned. There are still reserves to be found here in terms of both revenues and costs. It was clear from the start: We are now laying the foundations for FP to evolve into a profitable growth company. 2017 and 2018 will be years of transition. This major feat needs time and will pay off. The FP Group is on track to generate revenues of EUR 250 million and an EBITDA margin of 17% by 2020.” Key figures at a glance:
More information can be found on the FP company website: http://bit.ly/2vi2WMI
Contact
Contact: Francotyp-Postalia Holding AG Media Relations Telephone: +49 (0)30 220 660 410 Telefax: +49 (0)30 220 660 425 E-Mail: pr@francotyp.com
24.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Francotyp-Postalia Holding AG |
Prenzlauer Promenade 28 | |
13089 Berlin | |
Germany | |
Phone: | +49 (0)30 220 660 410 |
Fax: | +49 (0)30 220 660 425 |
E-mail: | ir@francotyp.com |
Internet: | www.fp-francotyp.com |
ISIN: | DE000FPH9000 |
WKN: | FPH900 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |