12.05.2014
Masterflex SE DE0005492938
DGAP-News: Masterflex SE: Very good start in 2014
DGAP-News: Masterflex SE / Key word(s): Quarter Results
Masterflex SE: Very good start in 2014
12.05.2014 / 08:10
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Masterflex SE: Very good start in 2014
* Revenue growth of 11.5% in Q1
* EBIT margin of 13.0%
* Progress in optimisation of internal processes
Gelsenkirchen, 12 May 2014 - With an increase in revenue of 11.5%, the
Masterflex Group's business with high-tech hoses and connecting systems had
an excellent start in 2014. Revenue of EUR 16.0 million was generated in
the first three months (previous year: EUR 14.3 million). Masterflex CEO Dr
Andreas Bastin commented: "Even though some of this increase is due to this
year's late Easter, the incoming orders show us that our business is doing
well."
The solid business performance is also the reason why EBIT rose even more
strongly than revenue, surging by 19% to EUR 2.1 million (EUR 1.8 million).
The Masterflex Group is increasingly able to more effectively utilise the
personnel capacity established for its international expansion. This is
because the growth strategy of the specialist for hightech hoses is based
on innovation and internationalisation, for which new staff has been
secured in recent years and months. This led to evident upfront costs in
2013 in particular, as recruiting and training staff, in addition to
tapping markets, takes time.
The Masterflex Group has also taken a leap forward in terms of innovation
with the Master-PUR Trivolution(R) spiral hose launched in February (see
press release of 21 February 2014). This hose combines three key additional
properties for on-site operation: it is antistatic, has low flammability
and microbe resistance. The initial feedback from the market has been very
good.
With net finance costs virtually constant, the consolidated net profit for
Q1/2014 amounted to EUR 1.1 million (previous year: EUR 0.9 million),
corresponding to EUR 0.13 per share (previous year: EUR 0.11).
Three out of four German locations have been reorganised under single
management since January 2014. This measure - which is also visible from
the outside - was implemented as part of the optimisation of internal
processes begun some time ago.
At the Annual General Meeting on 24 June 2014, the Executive Board and the
Supervisory Board will propose creating new contingent capital of up to EUR
4.4 million after the previously approved contingent capital expires in
July 2014. With this step the Masterflex Group intends to preserve its
flexibility in financing possible steps in its future expansion as well, as
the market for hightech hoses and connecting system still offers great
potential for growth.
Key figures Q1/2014 31.03.2014 31.03.2013 Change
Consolidated revenue (kEUR) 15,988 14,339 +11.5%
EBITDA (kEUR) 2,768 2,377 +16.4%
EBIT (kEUR) 2,085 1,752 +19.0%
EBT (kEUR) 1,750 1,470 +19.0%
Consolidated earnings from continued business units (kEUR) 1,163 967 +20.3%
Consolidated earnings from discontinued business units (kEUR) -19 3
Consolidated net income/loss (kEUR)* 1,136 945 +20.2%
Earnings per share from continued business units (EUR) 0.13 0.11 +18.2%
Earnings per share from discontinued business units (EUR) 0.00 0.00
Earnings per share (EUR) 0.13 0.11 +18.2%
EBIT margin 13.0% 12.2%
Employees 568 506 +12.3%
31.03.2014 31.12.2013 Change
Consolidated equity (kEUR) 24,106 23,023 +4.7%
Consolidated total assets (kEUR) 54,895 53,690 +2.2%
Consolidated equity ratio (%) 43.9% 42.9%
* without minority interests
The Masterflex Group is a specialist in the development and manufacture of
sophisticated hose and connection systems. With 13 operational units in
Europe, America and Asia, the Group is represented almost everywhere in the
world. Internationalisation and innovation are the drivers for growth.
Contact: Dr. Annette Littmann, Tel. 49 209 970 77 44, Email:
[email protected]
End of Corporate News
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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
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