Masterflex AG / Half Year Results/Miscellaneous
15.08.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Masterflex AG: strong core business in the first half of 2008
New strategy and value adjustment key factors in half-year report
Executive Board affirms operating forecast for EBIT 2008: +6% to +12%
IFRS 30 June 2008 30 June 2007 +/- in %
in brackets: operating development without adjustments
Revenue ( thou.) 69,498 63,662 9.2%
EBITDA ( thou.) 7,987 (8.370) 7,764 2.9% (7.8%)
EBIT ( thou.) 4,457 (6.797) 6,263 -28.8% (8.5%)
EBT ( thou.) -3,152 (5.253) 5,166 -161.0% (1.7%)
Consolidated
net profit after
minorities -2,469 (3.604) 3,170 -177.9% (13.7%)
Earnings
per share () -0.55 (0.80) 0.71 -177.5% (12.7%)
EBIT margin 6.4% (9.8%) 9.8%
Net profit margin -3.6% (5.2%) 5.0%
Number of employees 758 785 -3.4%
30.06.2008 31.12.2007 +/- in %
in brackets: operating development without adjustments
Shareholders
equity ( thou.) 28,252 (34,324) 34,772 -18.8% (-1.3%)
Total
assets ( thou.) 129,554 (135,426)130,087 -0.4% (4.1%)
Equity ratio (%) 21.8% (25.4%) 26.7% -18.4% (-4.9%)
Gelsenkirchen, 15 August 2008. Masterflex AG (ISIN DE0005492938) is
concentrating on its superior technology expertise and will focus on
developing and processing complex connection and hose systems using
innovative high-tech plastics.
In the first half-year of 2008, consolidated revenues increased 9.2%
year-on-year to 69.5 million (HY1 2007: 63.7 million). The development of
consolidated income was influenced by the value adjustment resolved at the
beginning of July 2008, which has already been included in the financial
statements for the half-year in line with IFRS. In operating terms,
business developed positively, with all key earnings ratios improving.
Consolidated earnings before interest and taxes (EBIT) increased by 8.5% to
6.8 million (HY1 2007: 6.3 million), thus being well within the forecast
corridor. With an upturn of 74.0%, the Groups core High-Tech Hose Systems
business unit contributed most to the positive earnings trend. The
operating segment EBIT improved by 9.1% to 5 million.
With its focus on High-Tech Hose Systems, the Masterflex Executive Board is
convinced it is on the right track. In July 2008, the High-Tech Hose
Systems business unit posted a new order record. In view of this positive
situation and the pleasing operating trend, the Masterflx AG Executive
Board affirmed its whole-year guidance for Group operating EBIT of between
6% and 12%.
In addition to the successful continuation of operating activities,
Masterflex AG will develop a strong financing concept to improve its equity
structure on a sustained basis. As announced, this includes targeted
disinvestments.
The interim report for HY1/2008 can be downloaded from the website at
www.masterflex.de.
For more information please contact: Masterflex AG, Investor Relations,
Willy-Brandt-Allee 300, 45891 Gelsenkirchen, Tel. +49 (0)209 97077 44, Fax
+49 (0)209 97077 20, stephanie.kniep@masterflex.de
DGAP 15.08.2008
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Language: English
Issuer: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Deutschland
Phone: +49 (0)2099 70 77-44
Fax: +49 (0)2099 70 77-20
E-mail: stephanie.kniep@masterflex.de
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
End of News DGAP News-Service
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DGAP-News: Masterflex AG: strong core business in the first half of 2008
| Source: EQS Group AG