Corporate | 30 May 2005 09:39

Masterflex AG continues its steady growth;Revenue:+7.6%,EBIT+10.2%,Net profit

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Masterflex AG continues it”s steady growth: Revenue: +7.6%, EBIT +10.2%, Net profit +23.0% Board underlines forecast for 2005: Revenue: +15-20%, EBIT +15-25% March 31, 2005 March 31, 2005 +/- Revenue (EUR thou.) 19,215 17,851 +7.6% EBITDA (EUR thou.) 2,801 2,724 +2.8% EBIT (EUR thou.) 2,307 2,094 +10.2% EBT (EUR thou.) 1,860 1,851 +0.5% Net profit (EUR thou.) 1,283 1,043 +23.0% IFRS-EPS (EUR) 0.29 0.23 +26.1% EBIT-margin 12.0% 11.7% Gelsenkirchen, May 30, 2005. Masterflex AG (ISIN DE0005492938), technology leader in processing special plastics successfully continued its steady revenue and earnings growth in Q1 2005. However, this development is not reflected in the year-on-year comparison due to the unusually strong first quarter in the previous year, when one-time factors led to the highest earnings growth in the Company’s history. This development was also unusual given that, traditionally, growth is mainly generated in the second half of the year. However, the successful development can clearly be seen from a comparison with Q1 2003 (revenue +25.0%, EBIT +77.3%). Consolidated revenue rose 7.6% year-on-year to EUR 19.2 million. This is due primarily to increasing contributions from the Medical Technology and Fuel Cell Technology business units. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 2.8% year-on-year in Q1 2005 to EUR 2.7 million; earnings before interest and taxes rose 10.2% to EUR 2.3 million. The EBIT margin increased year-on-year to excellent 12.0%. This means one of the best figures for any German listed company. Net profit rose by 23.0% to EUR 1.3 million. Earnings per share climbed as a result from EUR0.23 to EUR0.29 (+26.1%). In Q1 2005, the innovative product portfolio and increasing internationalization in the High-tech Hose Systems core business unit contributed again to positive development. Within the Fuel Cell Technology business unit, the mobile office segment is experiencing extremely dynamic growth. The Board believes there is considerable additional potential here. In Medical Technology, the investments of the previous years are now bearing fruit. Positive earnings contributions have been generated since the end of 2004. The Board of Masterflex AG continues to see substantial growth potential, particularly with regard to new developments in the High-tech Hose Systems business area. He therefore confirms his forecasts for full-year 2005 of a growth in revenue of 15% to 20%, and an increase in EBIT of between 15% and 25%. The interim report 1/2005 can be downloaded from the website http://www.masterflex.de/com/index.html . Further informationen: Masterflex AG, Investor Relations, Willy-Brandt-Allee 300, D-45891 Gelsenkirchen, Fon. +49 (0)209-97077-44, Fax +49 (0)209-97077-20, kniep@masterflex.de End of announcement (c)DGAP 30.05.2005 —————————————————————————— WKN: 549 293; ISIN: DE0005492938; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 300939 Mai 05