Francotyp-Postalia Holding AG
Francotyp-Postalia Holding AG: Francotyp-Postalia with better than expected business performance in first half of 2021
DGAP-News: Francotyp-Postalia Holding AG
/ Key word(s): Half Year Report/Half Year Results
P R E S S R E L E A S E
Consolidated revenue amounted to EUR 99.5 million in the first six months of fiscal year 2021, compared with EUR 99.7 million in the same period of the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) reached EUR 8.8 million after EUR 13.1 million in the previous year. FP generated free cash flow of EUR 4.0 million in the first half of 2021, as against EUR 5.9 million in the same period of the previous year. Despite the impact of the coronavirus pandemic, FP showed solid business performance in the first six months of 2021 while continuing to work on the FUTURE@FP, in order to transform the company into a sustainably profitable, international technology group in the long term. Revenue in the Franking & Office Solutions business unit decreased by 3.1% to EUR 60.4 million. Revenue in the Mail Services business unit regarding the collection, franking and consolidation of business mail increased by 4.3% to EUR 30.5 million and was stronger than expected. Revenue in the Software & BPA and IoT business unit also rose by 6.3% to EUR 8.7 million. FP recorded negative currency effects on revenue of EUR 2.3 million in the first half of 2021 (previous year: positive effect of EUR 0.4 million). Focus on customer and market requirements FP CEO Carsten Lind: “We have made progress with the implementation of our FUTURE@FP transformation programme in the first half of 2021. Our revenue is better than originally expected, especially in view of the corona pandemic. By realigning the organisation, we have set the prerequisites for our customer-centric-go-to-market approach. This enables us to expand and further develop our offerings in a targeted manner, particularly in the digital area.” Solid operating result Operating profitability improved on a normalised basis. Taking into account own work capitalised of EUR 5.9 million in the previous year period and EUR 3.0 million in the first half of 2021, as well as negative exchange rate effects of EUR 1.6 million, operating profitability (normalized EBITDA) amounted to EUR 7.4 million in the reporting period compared with EUR 6.6 million in the first half of the previous year. Amortisation and depreciation declined by 19.8% to EUR 11.2 million. As a result of lower EBITDA, consolidated profit amounted to EUR 0.6 million in the first six months of 2021, compared with EUR 1.8 million in the same period of the previous year. Earnings per share (EPS) amounted to EUR 0.04 as against EUR 0.11 in the first six months of 2020. CFO Martin Geisel: “FP is on the right track. The see first positive effects of our transformation programme as we bring our cost structures in line with the expected business volume. With FUTURE@FP, we will increase our effectiveness, our efficiency and, above all, our profitability.” Forecast for 2021 increased Key figures at a glance:
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31.08.2021 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: | 1229793 |
End of News | DGAP News Service |