13.04.2016
Francotyp-Postalia Holding AG DE000FPH9000
DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia confirms growth in revenue and EBITDA
DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Final Results/Final
Results
Francotyp-Postalia Holding AG: Francotyp-Postalia confirms growth in revenue
and EBITDA
13.04.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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Corporate news
Francotyp-Postalia confirms growth in revenue and EBITDA
- Final figures for 2015: revenue grows to EUR191.1 million and EBITDA
increases to EUR26.8 million
- Positive exchange rate effect drives up revenue and earnings
- Management Board and Supervisory Board propose tax-free dividend of 12
cents per share
- Francotyp-Postalia plans further growth in revenue and EBITDA in 2016
- Focus on strengthening operating earnings power in 2016
Berlin, 13 April 2016. Francotyp-Postalia Holding AG, a Digital Mailroom
Provider, presented its consolidated financial statements today. Revenue
rose by 12% to EUR191.1 million in the past fiscal year. Growth had
resulted particularly from successful business in the Mail Services segment
with the collection, franking and delivery of business mail at discounted
postage rates. With further progress in the introduction of PostBase
franking systems, the company increased its revenue from franking machines,
contrary to the market trend. The company also benefited from positive
exchange rate effects of EUR9.1 million in revenue, as announced when the
preliminary figures were published at the end of February 2016.
EBITDA also improved by 16% to EUR26.8 million following positive exchange
rate effects of EUR3.9 million. The deviation from the published
preliminary figures in EBITDA mainly relates to additional provisions,
particularly for expenses due to the change within the Management Board. In
2015, EBIT amounted to EUR9.0 million as against EUR9.8 million in the
previous year. Due to a higher tax burden, consolidated net income amounted
to EUR3.7 million after EUR5.2 million in the previous year. In contrast,
free cash flow significantly improved to -EUR1.4 million in the past fiscal
year, compared with -EUR5.6 million in 2014.
Based on the consolidated financial statements, the Management Board and
Supervisory Board propose a tax-free dividend of 12 cents per share from
the tax contribution account for the 2015 fiscal year to the Annual General
Meeting. This corresponds despite a reduced consolidated net income to the
dividend of 16 cents (gross) paid for 2014 or a pay-out ratio of 54%. As a
result, the FP Group exceeded this year its dividend policy communicated
last year, which provides for a pay-out ratio between 35% and 50% of
adjusted consolidated net income.
Increase efficiency in all areas
In the current fiscal year, the FP Group will focus on strengthening
earnings power, continuously developing the traditional business with
franking machines and expanding its new business areas. The company plans
to draw up an operational excellence programme and leverage potential to
increase efficiency in all areas based on an analysis of the existing
structures. In the area of franking machines, the FP Group will build upon
the success of 2015. In particular, there are plans to further expand the
leasing business and launch the new franking systems PostBase 100 including
the dynamic scale and PostBase One in other markets, which complements FP's
product range on the top end. On the German market, the FP Group also
anticipates further growth in the Mail Services segment. In the area of
secure digital communication, the company will implement the projects and
measures introduced in 2015 to participate in the digitalisation of the
businesses and public authorities in the subsequent years. Alongside this,
the company is working on the further development of the existing growth
strategy under the leadership of the new CEO, Rüdiger Andreas Günther. The
company will present the results in the second half of 2016. At the moment,
the FP Group anticipates a slight year-on-year increase in revenue and
EBITDA in addition to positive free cash flow for the 2016 fiscal year
compared to the previous year.*
FP CEO Günther explains: "We want to improve the earnings power of the FP
Group in 2016. After nearly 100 days in office, I see already many starting
points to achieve this. Together with my colleagues on the Management Board
I want to set free growth forces within the FP Group even more than before.
Our company has a modern product portfolio and a high level of expertise in
the area of secure digital communication. We will build upon this and
increase the company's value systematically and sustainably in the years to
come."
* The forecast is based on constant exchange rates.
Overview of key figures:
in EUR million 2015 2014 Change Revenue 191.1 170.3 +12.2% EBITDA 26.8 23.1 +16.1% EBIT 9.0 9.8 -8.2% Consolidated net income 3.7 5.2 -28.6% Earnings per share (in EUR) 0.22 0.32 -30.7% Investment 20.1 23.1 -13.0% Free cash flow -1.4 -5.6 n/a Net debt 19.6 16.0 +22.3% Number of employees 1,048 1,054 -0.6%The annual report 2015 will be published on April 29, 2016. 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 digital mailroom provider. This global company offers all products and solutions for communication and document processes and thus focuses on business and private customers. In addition to traditional machinery to frank and insert mail, the company's range comprises services such as the collection of business mail and innovative software solutions such as De-Mail. The FP Group is now present in many developed countries with its own branches and has a global market share of more than 10% in the area of franking machines. Having existed for over 90 years, the FP Group now benefits - on all markets - from the willingness of companies to digitise business processes and outsource their business mail to a professional service provider. In the 2015 fiscal year, the company generated EUR191.1 million in revenue. The FP Group employees over 1,000 people 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] --------------------------------------------------------------------------- 13.04.2016 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 --------------------------------------------------------------------------- 453753 13.04.2016
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