Francotyp-Postalia Holding AG
Francotyp-Postalia Holding AG: Francotyp-Postalia confirms nine-month figures for 2020
DGAP-News: Francotyp-Postalia Holding AG
/ Key word(s): Quarterly / Interim Statement
P R E S S R E L E A S E
– Despite Corona pandemic, revenues fall by only 3.2 % to € 147.6 million In the first nine months of 2020, FP generated revenues of € 147.6 million compared to € 152.4 million in the same period of the previous year. EBITDA reached € 19.5 million compared to € 21.0 million in the same period of the previous year. In the first nine months of 2020, the Company increased free cash flow to € 7.1 million compared with € 0.6 million in the previous year. Adjusted for investments in finance lease assets, M&A as well as payments for the JUMP project, free cash flow reached € 11.7 million compared to € 7.0 million in the prior-year period. Robust core business Revenue in Mail Services, the product area surrounding the collection, franking and consolidation of business mail, rose by 4.3 % to € 42.9 million and continued to grow profitably. This is evidence of the successful realignment, but the effects of the Corona pandemic were also strongly felt in this product area. Following a slight increase in the first quarter of 2020, the volume of mail processed declined slightly over the period under review. Revenue in the software/digital business was down 6.0 % to € 12.2 million. Both the hybrid mail services business and the new digital products such as FP Sign and IoT were negatively impacted by the effects of the corona pandemic. The Software/Digital product area is currently undergoing validation with a focus on business models with a clear value proposition for customers and significant scaling potential for FP. FP increases earnings per share to € 0.24 Depreciation, amortization and impairments, on the other hand, decreased significantly by 10.3 % to € 14.6 million. EBIT thus improved slightly to € 4.9 million. Consolidated net income climbed by 35.7 % to € 3.8 million. This corresponds to earnings per share of € 0.24 compared to € 0.17 for the first nine months of 2019. Guidance for 2020 Carsten Lind, CEO of the FP Group, says: “FP is a strong brand and has a robust business model. We will develop the digital business segments into a relevant part of the company and thus achieve a significant and sustainable increase in the value of the company. Together with my colleagues on the Management Board Patricius de Gruyter and Sven Meise, I will do everything in my power to leverage FP’s potential, which has not yet been fully realized”. Key figures at a glance:
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16.11.2020 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 |
EQS News ID: | 1148245 |
End of News | DGAP News Service |