DGAP-News: Francotyp-Postalia Holding AG
/ Key word(s): Quarterly / Interim Statement/9 Month figures
Francotyp-Postalia with positive business development in the first nine months of 2021
Consolidated revenue increased by 0.9% to EUR 148.9 million in the first nine months of this financial year compared with EUR 147.6 million in the same period of the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 15.2 million after EUR 19.5 million in the previous year. Free cash flow amounted to EUR 4.6 million compared with EUR 7.1 million in the same period of the previous year. The FP-Group has continued to implement the FUTURE@FP transformation programme in recent months.
Revenue in the Software & BPA and IoT business grew by 8.3% to EUR 13.2 million, compared with the previous year's figure of EUR 12.2 million. In the input management business, the solution portfolio was expanded, and new customers were acquired. The FP Sign signature solution showed continued positive business development, due to intensified sales and product enhancements.
Revenue in the Mail Services business regarding the collection, franking and consolidation of business mail increased to
The revenue in the Franking & Office Solutions business fell slightly by 2.6% to EUR 90.1 million in the first nine months of 2021 compared with EUR 92.5 million in the same period of the previous year. Foreign currency developments had a negative effect on revenue of EUR 2.1 million. Not including this effect, revenue would therefore have remained stable. The solutions of HEFTER Systemform, which was acquired in 2020, for example with air purification systems and high-security shredders, also contributed positively to revenue and recurring revenue in the franking business.
Implementation of the FUTURE@FP transformation programme
CFO Martin Geisel explains: "The positive revenue development and the consistent implementation of the measures from the FUTURE@FP transformation programme had positive effects on our profitability. In the first nine months, we adjusted the cost base to the current revenue level and have thus already achieved considerable savings. Further measures are being implemented to sustainably increasing profitability."
A meaningful comparison on a year-on-year basis is the normalised EBITDA perspective excluding currency effects, own work capitalised and corona-related subsidies. The normalised EBITDA after nine months improved by 30% to EUR 12.4 million after EUR 9.6 million in the same period of the previous year.
The Management Board now expects revenues in a range between EUR 198 million and EUR 201 million and an EBITDA within a range of EUR 17 million and EUR 18 million (EBITDA margin of 8.5% to 9.1%) compared with revenue of EUR 195.9 million and an EBITDA of EUR 8.0 million in the previous year.
*without own work capitalised, exchange rates and corona-related subsidies
Please note that there may be rounding differences compared to exact figures (monetary units, percentages, etc.).
For Investor Relations enquiries, please contact:
Tel.: +49 (0)30 220 660 410
The stock-listed and globally operating FP Group, headquartered in Berlin, is an expert in solutions that make office and work life easier and more efficient. The FP Group has four business units: Software & Business Process Automation, Franking & Office Solutions, IoT and Mail Services. As the market leader in Germany and Austria and the world's third-largest provider of franking systems, the FP Group is a well-established player with almost 100 years of corporate history. FP is represented in ten countries by its own subsidiaries and in 40 other countries via a dealer network. In the Software & BPA business, FP optimises customers' business processes and offers solutions such as electronic signatures, hybrid mail, input/output management for physical and digital documents and the data-driven automation of complex business processes. In the growth areas of Internet of Things (IoT), FP develops platform- and software-as-a-service solutions not only to record and transmit data, but also to format this data and make it usable for customers. In the Mail Services business, FP offers the consolidation of business mail and counts among the leading providers in Germany. The Group generated sales of around 196 million euros in 2020.
18.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Francotyp-Postalia Holding AG|
|Prenzlauer Promenade 28|
|Phone:||+49 (0)30 220 660 410|
|Fax:||+49 (0)30 220 660 425|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1250026|
|End of News||DGAP News Service|