01.03.2016
Francotyp-Postalia Holding AG DE000FPH9000
DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia exceeds revenue and EBITDA guidance in 2015
DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Preliminary
Results/Final Results
Francotyp-Postalia Holding AG: Francotyp-Postalia exceeds revenue and EBITDA
guidance in 2015
01.03.2016 / 06:45
The issuer is solely responsible for the content of this announcement.
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Corporate news
Francotyp-Postalia exceeds revenue and EBITDA guidance in 2015
- Based on preliminary calculations, revenue increased by 12% to EUR
190.8 million.
- EBITDA up by 19.0% to EUR 27.5 million
- EBITDA margin improved by nearly one percentage point to 14.4%.
- Investments add up to EUR 20.2 million
- Outlook for 2016 to be published on 13 April 2016
Berlin, 1 March 2016. Based on preliminary calculations, Francotyp-Postalia
Holding AG, the Digital Mailroom provider, was able to considerably improve
its revenue and EBITDA in the 2015 financial year and thus exceed the
guidance that was increased in autumn 2015. Revenues rose to EUR 190.8
million from EUR 170.3 million the previous year. The double-digit growth
is primarily the result of growth in mail services (consolidation of
business mail), successful leasing of the PostBase franking system, and
significantly positive exchange rate effects, which amounted to EUR 9.1
million in the whole of 2015.
The proportion of recurring revenue was at 81% in 2015; compared to the
previous year, this revenue increased from EUR 139.4 million to EUR 154.0
million. Over and above the mail services and leasing business, the figure
also includes revenue from software, service, teleporto and consumables for
the around 230,000 franking machines worldwide. At EUR 36.8 million,
revenue from product sales was also considerably above last year's level of
EUR 30.9 million.
Preliminary calculations suggest that EBITDA, including a positive currency
effect of EUR 3.9 million, improved to EUR 27.5 million compared to EUR
23.1 million the previous year, pushing the EBITDA margin up from 13.6% the
previous year to 14.4%. FP Group ended in the year 2015 very successful the
replacement of franking machines necessitated by the discontinuation by the
United States Postal Service of older franking machines (decertification)
in the US lease market. This resulted above all in higher write-downs of
EUR 17.6 million after a figure of EUR 13.3 million in 2014. Despite
considerably higher write-downs EBIT remains unchanged from the previous
year's level at EUR 9.8 million. Based on the preliminary calculations,
group profit reached EUR 4.4 million because of the likelihood of increased
tax liabilities, compared to EUR 5.2 million the previous year.
As announced, the FP Group invested primarily in the course of 2015 in
exchanging franking systems in the US American market and in developing new
franking systems. In total, investments ran to EUR 20.2 million, compared
to EUR 23.1 million the previous year. Based on the preliminary
calculations, free cash flow improved by around EUR 4 million to EUR -1.3
million in 2015 from EUR 5.6 million the previous year; by the end of the
year, it was nonetheless weaker than expected due to sustained high levels
of investment.
The FP Group will present its final figures for the 2015 financial year on
13 April 2016. On the same day, Rüdiger Andreas Günther, CEO of
Francotyp-Postalia Holding AG, will also present an outlook for the current
year, 2016, some 100 days after he has taken up office. Together with his
colleagues from the Management Board, Thomas Grethe and Sven Meise, Rüdiger
Andreas Günther will also present an update of the current strategic focus
of the FP Group, in particular with regard to the potential for an
accelerated expansion of promising areas of business.
Key figures at a glance:
in EUR million 2015 2014 Change Revenue 190.8 170.3 +12.0% EBITDA 27.5 23.1 +19.0% EBIT 9.8 9.8 +0.1% Consolidated net income 4.4 5.2 -15.1% EPS (in EUR) 0.26 0.32 -18.8% Investment 20.2 23.1 -12.6% Free cash flow - 1.3 - 5.6 +76.8% Net debt 19.6 16.0 +22.5% Employees (number) 1.048 1,054 - 0.6%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 Mailrooms. 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 ten per cent for franking machines. With a corporate history dating back more than 90 years, the FP Group is now benefiting from companies' readiness to digitise business operations and to outsource their business 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] --------------------------------------------------------------------------- 01.03.2016 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 --------------------------------------------------------------------------- 441405 01.03.2016
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