12.08.2013
Masterflex SE DE0005492938
DGAP-News: Masterflex SE: Demand and growth picking up again
DGAP-News: Masterflex SE / Key word(s): Half Year Results
Masterflex SE: Demand and growth picking up again
12.08.2013 / 08:00
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Masterflex SE: Demand and growth picking up again
- Q2 with an increase in revenue of 6.4%
- Total growth of 2.5% in the first six months
- Results of operations largely stable
Gelsenkirchen, 12 August 2013: In the first six months Masterflex SE has
been able to return to the growth path pursued in recent years. In Q2
alone, revenue attained by the manufacturer of high tech hoses and
connector systems rose by 6.4 percent. The bottom line is that after a weak
start in Q1, revenue totalled EUR29 million in the first six months, around
2.5 percent more compared to the previous year.
Dr. Andreas Bastin, Masterflex CEO said: 'Despite the downbeat tones being
heard all round the euro zone, we are experiencing growth again. That is
clear confirmation of our strategy. Our internationalisation policy is
showing the first signs of clearly measurable successes. Nevertheless, we
will not slacken the pace of our efforts - because we still have a long way
to go to become global market leader in our specialist markets. At the
moment we are paving the way with particular regard to building up our
sales and marketing. And this proactive stance will gradually pay off with
increasing sales. These up-front costs of internationalisation are
nevertheless essential in order to be successful in the long term'.
In addition, under the second pillar of growth strategy, another Masterflex
Group milestone was achieved: the launch of the innovative PA Duopart(R)
hose in spring, which was well received by customers. Of particular note is
the fact that, thanks to a special manufacturing process, the polyamide
hose is welded in separate sections and not over its entire length (see
image). This is particularly significant in pneumatic applications for
making air-tight seals to the couplings.
The next Masterflex product innovation will be launched in the autumn.
The financial figures for the first half year 2013
30.06.2- 30.06.2- 013 012 Change Consolidated revenue (kEUR) 28,966 28,261 + 2.5% EBITDA (kEUR) 4,568 5,295 -13.7% EBIT (kEUR) 3,302 4,013 -17.7% EBT (kEUR) 2,443 3,231 -24.4% Consolidated earnings from continued business 1,550 2,053 -24.5% units (kEUR) Consolidated earnings from discontinued 2 -14 business units (kEUR) Consolidated net income/loss (kEUR) 1,470 1,940 -24.2% Earnings per share from continued business units (EUR) 0.17 0.22 -22.7% Earnings per share from discontinued business units (EUR) 0.00 0.00 Earnings per share (EUR) 0.17 0.22 -22.7% EBIT margin 11.4% 14.2% Employees 525 485 8.2% 30.06.20 31.12.20 13 12 Change Consolidated equity (kEUR) 21,711 20,524 5,8% Consolidated total assets (kEUR) 54,922 52,435 4.7% Consolidated equity ratio (%) 39.5% 39.1% * Continued business units ** without minority interestsThe Masterflex Group is a specialist in the development and production of high-quality connector and hose systems. With 13 operating units in Europe, America and Asia, the Group is represented almost all over the world. Its growth is driven by internationalisation and innovation. Contact: Dr Annette Littmann, tel. +49 209 970 77 44, e-mail: [email protected] End of Corporate News --------------------------------------------------------------------- 12.08.2013 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 --------------------------------------------------------------------- 225109 12.08.2013
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