DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarter
Results/Quarter Results
Francotyp-Postalia Holding AG: FP Group reports revenue and earnings
growth in third quarter of 2012
12.11.2012 / 07:02
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Corporate News
FP Group reports revenue and earnings growth in third quarter of 2012
- Revenue up from EUR 38.0 million in previous year to EUR 41.2 million
- EBITDA rises from EUR 4.6 million to EUR 5.4 million
- Consolidated net income improves from EUR -0.9 million to EUR 1.8
million
- FP Group confirms forecast for year as a whole
Birkenwerder, 12 November 2012. Francotyp-Postalia Holding AG, the first
multi-channel provider for mail communication, generated revenue of EUR
41.2 million and EBITDA of EUR 5.4 million in the third quarter of 2012
after EBITDA of EUR 4.6 million in the same period of the previous year.
All in all, the FP Group reported consolidated net income of EUR 1.8
million following a consolidated net loss of EUR 0.9 million in the
previous year.
'In the third quarter, we resolved the temporary challenges in the process
and supply chain at our new production site in Wittenberge,' commented Hans
Szymanski, Chairman of the FP Management Board. In particular, this
progress is underlined by a comparison with the second quarter of 2012:
over the past three months, the FP Group increased its EBITDA by EUR 0.9
million to the current figure of EUR 5.4 million, while consolidated net
income increased by EUR 0.8 million to EUR 1.8 million.
Higher level of recurring revenue
In the first nine months of the current financial year, the FP Group
generated revenue of EUR 123.9 million compared with EUR 118.9 million in
the same period of the previous year. Recurring revenue, which consists of
revenue from the Mail Services and Software business and from service
agreements, leasing, teleporto and the sale of consumables for
approximately 250,000 franking machines worldwide, increased to EUR 99.3
million in the first nine months of 2012 after EUR 92.7 million in the
previous year. Income from product sales fell from EUR 26.1 million in the
previous year to EUR 24.7 million in the first nine months of 2012 due to
the delays in the process and supply chain in the second quarter; however,
revenue of EUR 7.8 million in the third quarter of 2012 returned to the
prior-year level of EUR 7.8 million.
Earnings growth
The resolution of the temporary challenges and the increased efficiency of
the new production site made a significant contribution to EBITDA growth,
with earnings before interest, taxes, depreciation and amortisation rising
to EUR 14.0 million in the first nine months of 2012 after EUR 8.4 million
in the same period of the previous year. EBIT amounted to EUR 6.9 million
in the first nine months of 2012 after EUR 2.8 million in the
corresponding prior-year period, while consolidated net income improved
significantly from EUR 5.1 million in the first nine months of 2011 to EUR
3.5 million in the same period of 2012.
FP Group confirms forecast
In light of the positive development in the past quarter, the FP Group is
confirming its current forecast for 2012 as a whole. Revenue is set to
amount to at least EUR 161 million, with EBITDA of EUR 19-21 million and
EBIT of EUR 8-10 million. In the difficult economic environment at present,
flexible production at the new site and the high level of recurring revenue
are proving to be particularly valuable. Hans Szymanski, Chairman of the FP
Management Board: 'The FP Group is strategically on the right track. The
new innovative franking system PostBase is enjoying a good reception on the
market, and interest in the De Mail solution is high. Following the
conclusion of its restructuring, the Company is also enjoying considerable
cost benefits and can now operate more efficiently on the market thanks to
its streamlined organisation.'
More information: http://www.francotyp.com
Contact
Francotyp-Postalia Holding AG
Corporate Communications
Sabina Prüser
Tel: +49 (0)3303 525 410
Fax: +49 (0)3303 53707 410
E-mail: s.prueser@francotyp.com
About Francotyp-Postalia Holding AG
The FP Group is the first multi-channel provider for mail communication.
The globally active company offers the entire range of products and
solutions for business and private customers. In addition to standard
machines for franking and inserting mail, its offering includes services
such as the collection of business mail and innovative software solutions
such as the fully electronic letter. The FP Group, based in Birkenwerder
near Berlin, can therefore provide tailored multi-channel solutions. The
Group currently operates its own branches in a number of industrialised
countries and holds a global market share in franking machines of around
10%. With a history dating back over 85 years, the FP Group today benefits
across all markets from the increasing liberalisation of postal markets and
the readiness of companies to outsource their business mail to professional
service providers. In the 2011 financial year, the company generated
revenue of EUR 159.4 million. The FP Group employs more than 1,000 people
worldwide.
End of Corporate News
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Language: English
Company: Francotyp-Postalia Holding AG
Triftweg 21-26
16547 Birkenwerder
Germany
Phone: +49 (0)3303 525 777
Fax: +49 (0)3303 53 70 77 77
E-mail: ir@francotyp.com
Internet: www.francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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192599 12.11.2012
DGAP-News: Francotyp-Postalia Holding AG: FP Group reports revenue and earnings growth in third quarter of 2012
| Source: EQS Group AG