08.03.2018
Masterflex SE DE0005492938
DGAP-News: Masterflex SE: Masterflex Group posts strong growth in 2017 in both revenues and earnings, according to preliminary results
DGAP-News: Masterflex SE / Key word(s): Preliminary Results
Masterflex SE: Masterflex Group posts strong growth in 2017 in both revenues
and earnings, according to preliminary results
08.03.2018 / 10:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Masterflex Group posts strong growth in 2017 in both revenues and earnings,
according to preliminary results
- Revenues up 12.3% to EUR 74.7 million
- Operating Ebit up 16.1%, to EUR 7.1 million
Gelsenkirchen, 8 March 2018 - 2017 was a highly successful year for
Masterflex Group, in terms of both revenues and earnings. According to
preliminary results, revenues from high-tech hoses and connection systems
were up 12.3%, from EUR 66.5 million to EUR 74.7 million. Masterflex Group's
earnings grew at a slightly faster pace, as Ebitda climbed from EUR 8.8
million to EUR 10.3 million. This represents a gain of 16.5%. Masterflex
Group's adjusted operating profit (Ebit) improved by 16.1%, from EUR 6.1
million to EUR 7.1 million, resulting in an Ebit margin of 9.5% (previous
year: 9.2%). With these figures, Masterflex has exceeded its own targets,
aiming for revenue growth of 6-10%, as well as realizing the expected
improvements in earnings. However, its Ebit margin of 9.5% was slightly
below the target value of 10%. The reasons are unexpected one-off effects
such as inventory differences and a year-end revenue shift in the US, which
were only worked out during the finalization of the financial statements.
Dr. Andreas Bastin, the CEO of Masterflex Group, stated as follows: "We were
able to meet many of our goals in 2017 and, measured in terms of financial
ratios, we have had a very successful year. In particular, we have already
received significant revenue and earnings contributions from our new
subsidiary, APT Advanced Polymer Tubing GmbH, based in Neuss, which has
allowed us to extend our service portfolio in a highly effective manner.
However, we are also taking the strength and power we have regained in
recent years as an opportunity to better position our company for challenges
like digital transformation by means of our 2017 strategy expansion. 2017
was a record year and was also a year of transition. The future is digital,
also for high-tech hoses and connections systems: for example, we are
proceeding with the development of our smart and intelligent hoses and are
planning to create new digitally based value-added services for these
products."
These figures are still subject to confirmation by the auditors and subject
to approval by the Supervisory Board. The 2017 consolidated financial
statements will be presented by the Management Board at the annual press
conference on 29 March 2018 in Dusseldorf.
The Masterflex Group is the listed specialist in the development and
manufacture of sophisticated hose and connection systems. With 14
operational units in Europe, America and Asia, the Group is represented
almost everywhere in the world. Internationalisation, innovation,
operational excellence and digitization are the drivers for growth. Since
2000, the Masterflex share is listed in the top segment of the German
Exchange ('Primary Standard').
Contact: Frank Ostermair / Linh Chung, Better Orange IR & HV AG, Phone: 49
89 88 96 906 14,
email: [email protected]
---------------------------------------------------------------------------
08.03.2018 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.
Archive at 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.MasterflexGroup.com
ISIN: DE0005492938
WKN: 549 293
Indices: Prime all share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
661681 08.03.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Masterflex SE ISIN: DE0005492938 können Sie bei EQS abrufen
Kunststoffe , 549293 , MZX , XETR:MZX