18.11.2015
Francotyp-Postalia Holding AG DE000FPH9000
DGAP-News: Francotyp-Postalia Holding AG: FP Group achieves double-digit growth and raises forecast
DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarter
Results/Quarter Results
Francotyp-Postalia Holding AG: FP Group achieves double-digit growth
and raises forecast
18.11.2015 / 17:43
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Corporate news
FP Group achieves double-digit growth and raises forecast
- Revenue rises by 11.8% to EUR 141.3 million in the first nine months of
2015
- EBITDA improves by 17.4% to EUR 20.3 million
- FP expects revenue of between EUR 184 million and EUR 188 million for
full-year 2015, and EBITDA of EUR 27 million to EUR 28 million
Berlin, 18 November 2015. Francotyp-Postalia Holding AG, the provider of
Digital Mailroom, continues its growth trajectory. In the first nine months
of 2015, revenue increased to EUR 141.3 million, from EUR 126.4 million in
the year-earlier period. The double-digit growth resulted in particular
from the further expansion of mail services, as well as the great success
of the PostBase franking system. The company also benefited in the amount
of EUR 7.2 million from a positive exchange rate effect due to the weaker
euro. In the third quarter of 2015, the company was able to increase
revenue by 10.2% year on year to EUR 46.1 million.
EBITDA was also affected by the lower euro exchange rate, with the
corresponding effect amounting to EUR 3.2 million over the year to date.
Overall, the FP Group could increase earnings before interest, taxes,
depreciation and amortisation for the first nine months of 2015 by 17.4% to
EUR 20.3 million compared with the year-earlier period. In the third
quarter of 2015, the company achieved EBITDA of EUR 6.0 million compared
with EUR 5.5 million a year earlier, whereas provisions of EUR 0.6 million
were made for optimisation of customer services in Germany. While EBIT for
the quarter decreased by EUR 0.4 million year on year to EUR 1.8 million
because of higher depreciation as planned, over the first nine months it
remained stable year on year at EUR 7.9 million. Higher depreciation as a
result of strong product demand, as well as a higher tax burden, were also
reflected in consolidated net income in the third quarter of 2015. This
came in at EUR 0.2 million compared with EUR 1.6 million a year earlier.
For the first nine months, consolidated net income totalled EUR 4.2 million
compared with EUR 4.5 million in the corresponding year-earlier period.
FP raises revenue and EBITDA forecasts
In the light of positive operative growth during the first nine months and
the positive exchange rate effect, the FP Group is raising its forecast for
full-year 2015. The company now expects an increase in revenue to between
EUR 184 million and EUR 188 million and in EBITDA to EUR 27 million to EUR
28 million. It previously forecast revenue of between EUR 173 million and
EUR 177 million and EBITDA of EUR 24 million to EUR 25 million. The FP
Group expects EBIT to remain on previous year's level despite higher
depreciation and a positive free cash flow for the full year. This forecast
still does not include any one-time costs for the optimisation of customer
services in Germany.
Investment in the future
At EUR 13.6 million for the first nine months of 2015, investment was only
marginally below the high level of EUR 13.8 million the previous year.
Roughly 60% of this was attributable to rental machines, given the high
interest shown in the PostBase franking system, especially in the US and
French rental markets. As a result, free cash flow remained at its
year-earlier level of EUR -4.0 million after the first nine months. The end
of decertification in the USA may however mean no further build-up of
working capital and therefore an improvement in this figure in the current
quarter.
FP CEO and CFO Hans Szymanski explains: "If demand in the USA or other
markets continues to exceed our expectations, we will also continue to
invest. Because short-term investment in additional rental machines secures
the future of the FP Group and leads to high recurring sales and high
operating cash inflows."
Key figures at a glance:
Nine-month figures
in EUR million 9M 2015 9M 2014 Change Revenue 141.3 126.4 11.8 % EBITDA 20.3 17.3 17.4 % EBIT 7.9 7.9 0.0 % Consolidated net income 4.2 4.5 -5.7 % Earnings per share (in EUR) 0.25 0.28 -8,1 % Free cash flow -4.0 -4.0 0.5 %Quarterly figures in EUR million Q3 2015 Q3 2014 Change Revenue 46.1 41.8 10.2 % EBITDA 6.0 5.5 9.7 % EBIT 1.8 2.2 -18.9 % Consolidated net income 0.2 1.6 -86.1 % Earnings per share (in EUR) 0.02 0.10 -84.2 % Free cash flow -3.4 -2.9 17.2 %More detailed information will be found on the Website of the FP-Group as from 19 November 2015 www.fp-francotyp.com. Contact Francotyp-Postalia Holding AG Investor Relations / Public Relations Sabina Prüser Tel.: +49 (0)30 220 660 410 Fax: +49 (0)30 220 660 425 E-mail: [email protected] De-Mail: [email protected] About Francotyp-Postalia Holding AG The FP Group, which has its headquarters in Berlin, is a provider of Digital Mailroom. This global company offers corporate and individual clients a full range of products and solutions for communication and documentation processes. It provides not only traditional machines for franking and inserting letters but also services including business mail collection and innovative software solutions such as De-Mail. The FP Group currently operates in many industrialised countries through subsidiaries and has a global market share of more than 10% for franking machines. With a corporate history dating back more than 90 years, the FP Group is now benefiting from companies' readiness to digitalise business operations and to outsource their mail to professional service providers. In financial year 2014, the company generated revenue of EUR 170.3 million. The FP Group has about 1,000 employees worldwide. Contact: Francotyp-Postalia Holding AG Media Relations Telephone: +49 (0)30 220 660 410 Telefax: +49 (0)30 220 660 425 E-Mail: [email protected] --------------------------------------------------------------------- 18.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: 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: [email protected] Internet: www.fp-francotyp.com ISIN: DE000FPH9000 WKN: FPH900 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 414579 18.11.2015
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