DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Final
Results/Final Results
Francotyp-Postalia Holding AG: FP Group returns to profitability in
2010
28.04.2011 / 07:15
---------------------------------------------------------------------
Corporate News
FP Group returns to profitability in 2010
- Profit of EUR 2.7 million
- Revenue rises to EUR 147.3 million
- Free cash flow of EUR 9.4 million
Birkenwerder, 28 April 2011. Francotyp-Postalia Holding AG, the first
complete service provider for mail communication, today presented its
annual financial statements for 2010, which confirmed the provisional
figures published in February.
The Group's revenue increased to EUR 147.3 million in 2010, compared with
EUR 129.0 million in the previous year. The company generated a profit of
EUR 2.7 million, contrasting with the loss of EUR 16.6 million that it
suffered the year before. This resulted in earnings per share of EUR 0.23.
EBITDA (earnings before interest, tax, depreciation and amortisation)
improved to EUR 25.5 million, against EUR 20.6 million in the previous
year. Before restructuring expenses, EBITDA amounted to EUR 26.8 million.
In 2010, the company established a EUR 1.3 million provision for the
scheduled restructuring of production. Despite increased investment
activities, free cash flow totalled EUR 9.4 million in 2010 at roughly the
same level as the previous year (EUR 9.8 million).
These figures show that the FP Group exceeded its forecast. Revenue of EUR
140 to 145 million was expected, along with EBITDA of EUR 24 to 26 million
before restructuring costs. The significant increase in revenue compared
with the previous year partly resulted from a change in the reporting logic
as part of the new regulations for sales tax on postal services in Germany
as at 1 July 2010. The Group also benefitted from the recovery of the
global economy and its success in becoming a complete service provider.
Forecast confirmed
The FP Group confirmed its forecast for the 2011 financial year. The
company expects revenues of EUR 160 to 165 million and an EBITDA of between
EUR 25 and 27 million before restructuring costs. 'We will continue to
concentrate on strengthening the company's financial and earnings power',
declared Hans Szymanski, CEO of the FP Group. 'The restructuring measures
are already starting to pay off: the FP Group is now positioned in such a
way that we are profiting from the changes taking place in the postal
markets', Szymanski continues. The Software and Services segments in
particular should contribute to the growth of the company over the coming
years.
More information: www.francotyp.com
Contact
Francotyp-Postalia Holding AG
Corporate Communication
Sabina Prüser
Tel: +49 (0)3303 525 410
Fax: +49 (0)3303 53707 410
E-mail:s.prueser@francotyp.com
The FP Group in Brief
Francotyp-Postalia Holding AG is a worldwide complete service provider for
mail communications. The FP Group's range of products and services includes
franking and inserting machines, the direct collection of business mail to
hybrid-mail and full digital mail solutions for private and commercial
users. Headquartered in Birkenwerder near Berlin, the Group's wide product
spectrum enables it to provide tailored mail management services. With a
corporate history that goes back over 85 years and local branches in many
industrialised countries, the FP Group currently holds around 10% of the
worldwide franking machine market. Today it is profiting in all its
segments from the increasing liberalisation of mail markets and the trend
for businesses to outsource their outbound mail processes to professional
service providers. Total revenue in financial 2010 came to 147.3 million
euros. Worldwide, the Group employs over 1,000 people.
End of Corporate News
---------------------------------------------------------------------
28.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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
Triftweg 21-26
16547 Birkenwerder
Deutschland
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
---------------------------------------------------------------------
121733 28.04.2011
DGAP-News: Francotyp-Postalia Holding AG: FP Group returns to profitability in 2010
| Source: EQS Group AG