Corporate | 15 May 2007 07:00
Masterflex AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
P R E S S R E L E A S E
Successful start to fiscal year 2007 for Masterflex AG
Revenue: +16.1%, EBIT +15.3%, Net profit +13.5%
Board confirms estimate for 2007: Revenue +10-20%, EBIT +6-12%
31/03/07 31/03/06 +/-
Revenue (EUR thou.) 32,436 27,935 +16.1%
EBITDA (EUR thou.) 4,126 3,631 +13.6%
EBIT (EUR thou.) 3,366 2,919 +15.3%
EBT (EUR thou.) 2,876 2,467 +16.6%
Net profit (EUR thou.) 1,845 1,626 +13.5%
Earnings per share (EUR) 0.41 0.36 +13.9%
Total assets (EUR thou.) 115,981 101,748 +2.9%
Equity ratio 28.6% 32.0%
Employees 781 656 +19.1
Gelsenkirchen, 15 May 2007. Masterflex AG (ISIN DE0005492938).
technological leader in the manufacturing of special plastics is off to an
excellent start in fiscal year 2007.
Consolidated revenues increased by 16.1 percent to EUR 32.4 million (Q1
2006: EUR 27.9 million). Consolidated earnings before interest, taxes and
depreciation/amortisation (EBITDA) were up by a superb 13.6 percent to EUR
4.1 million (Q1 2007: EUR 3.6 million).
Consolidated earnings before interest and taxes (EBIT) were up 15.3 percent
to EUR 3.4 excluding without the goodwill write down from 31 December 2006.
Thus, Masterflex AG is above the estimated range of +6 to +12 percent for
the full year. After the excellent start, the company is optimistic about
the further course of business for the year. Consolidated net profits
increased by 13.5 percent to EUR 1.8 million (Q1 2006: EUR 1.6 million),
corresponding to earnings per share of EUR 0.41 (+ 13.9 percent).
The drivers behind the growth were the innovative product portfolio of the
High-tech Hose systems business unit and the vigorous internationalisation
of the Mobile Office Systems unit. The Advanced Material Design business
unit developed satisfactorily and will be growing for the year being.
Measures were adopted in the first quarter of 2007 for the medium term
optimisation of the Medical Technology’s earnings situation.
For fiscal year 2007 the Masterflex AG Management Board expects the Group’s
business to remain on track, building upon the solid results achieved
starting out the year. The Management Board reiterates the estimates for
consolidated revenue to rise 10 to 20 percent and consolidated EBIT 50 to
60 percent, for a 6 to 12 percent increase on an operating level (before
goodwill amortisation).
The Quarterly Report 1/2007 is available for download from the homepage at
http://www.masterflex.de
Further information: Masterflex AG. Investor Relations. Willy-Brandt-Allee
300. D-45891 Gelsenkirchen. Tel. +49 (0)209-97077-44. Fax +49
(0)209-97077-20. kniep@masterflex.de
DGAP 15.05.2007
----------------------------------------------------------------------
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: Kniep@masterflex.de
www: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------