11.05.2018
Masterflex SE DE0005492938
DGAP-News: Masterflex Group off to a satisfactory start in financial year 2018
DGAP-News: Masterflex SE / Key word(s): Quarter Results
Masterflex Group off to a satisfactory start in financial year 2018
11.05.2018 / 10:00
The issuer is solely responsible for the content of this announcement.
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Masterflex Group off to a satisfactory start in financial year 2018
* Stable revenue and earnings growth in the first quarter
* Significant improvement in earnings per share
Gelsenkirchen, 11 May 2018 - Masterflex Group started the financial year
2018 with stable revenues of EUR 20.0 million. This meant that the revenue
level of the very strong first quarter of 2017 with its leap in revenue at
that time could be repeated, even though holiday-related effects, an
extraordinarily high sick-leave rate at almost all European companies and
currency effects hampered further revenue growth. Dr. Andreas Bastin, the
CEO of Masterflex Group, stated as follows: "We are satisfied with the start
of the financial year. The operating development is intact in all areas. The
goal for the second quarter is now above all to rapidly process the orders
received at the end of 2017 and in the first quarter, which have added up to
an order backlog that is high by our standards, and thus to show the
forecast growth rates."
On the earnings side, the good figures of the prior-year quarter were
slightly exceeded and the margin confirmed. EBITDA improved from EUR 2.7
million to EUR 2.8 million. With an operating EBIT of EUR 2.0 million, which
was also up slightly from the year before, the EBIT margin was at the
previous year's level of 9.8%. Thanks in part to a further improvement in
the financial result, consolidated net income rose from EUR 1.0 million to
EUR 1.2 million. Earnings per share improved from EUR 0.10 to EUR 0.13 in
the first three months of the year.
After the first quarter, Masterflex Group confirms its forecasts for the
financial year 2018 as a whole. The growth course is to be continued and
revenues are to grow within a range of 4% to 8%. The increase in earnings is
expected to be in line with revenue growth with a simultaneous confirmation
of the margin. In the medium term, Masterflex Group aims to achieve strong
double-digit EBIT margins again.
Masterflex Group specializes in the development and production of
high-quality hose and connection systems. With 14 operating units in Europe,
America and Asia, the Group maintains a nearly global presence. Its growth
drivers are internationalization, innovation, operational excellence and
digitization. Masterflex shares (German Securities ID: 549293) have been
admitted for trading in Deutsche Börse's Prime Standard segment since 2000.
Contact: Frank Ostermair/Linh Chung, Better Orange IR & HV AG, Phone: 49 89
88 96 906 14,
E-mail: [email protected]
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11.05.2018 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
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Language: English
Company: Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 970770
Fax: +49 (0)209 9707733
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
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