Ad-hoc | 20 November 2002 08:38

Masterflex AG english

Masterflex AG exceeds revenues and profits – forecast for 2002 upgraded Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Masterflex AG: revenues and profits exceed expectations Board upgrades forecast for the full year 2002 Gelsenkirchen, November 20, 2002 30.09.02 30.09.01 +/- in % Revenue (TEUR) 42.219 32.805 + 28,7% EBITDA (TEUR) 5.952 5.118 + 16,3% EBIT (TEUR) 4.144 3.635 + 14,0 EBT (TEUR) 3.448 2.975 + 15,9% Net profit (TEUR) 1.825 1.720 + 6,1% IAS earnings per share (EUR) 0,41 0,38 + 7,9% Masterflex AG (WKN 549 293) recorded revenues and earnings in excess of projections in the first nine months of fiscal year 2002. Revenues increased by 28.7% to EUR 42.2 million (2001: EUR 32.8 million). Results have now definitely turned around. Group earnings before interest and taxes (EBIT) improved by 14.0% to EUR 4.1 million (2001: EUR 3.6 million). Net profit rose by 6.1% to EUR 1.8 million. IAS earnings per share improved accordingly to EUR 0.41 (+7.9%). This means that the company has turned its investments, mainly in the USA and in the acquisition of a majority interest in DICOTA GmbH, into positive results within just two years, as announced. Due to these highly encouraging developments, the Board is now expecting revenue growth of +20% instead of +15% for the year as a whole, as well as EBIT growth of between +13% and +15% instead of between +6% and +12%. The forthcoming product drive is likely to reinforce this positive trend in 2003. For further information, please contact: kniep@masterflex.de, Tel. +49 (0)209- 9707744, Fax + 49 (0)209-9707720, Internet: www.masterflex.de end of ad-hoc-announcement (c)DGAP 20.11.2002 ——————————————————————————– WKN: 549 293; ISIN: DE0005492938; Index: SDax Listed: Amtlicher Markt in Frankfurt (SMAX); Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart 200838 Nov 02