on Francotyp-Postalia Holding AG (isin : DE000FPH9000)
Francotyp-Postalia Holding AG: Focusing Transformation by selling freesort GmbH
Berlin, 30 September 2024 - Francotyp-Postalia Holding AG (FP) has signed a share purchase agreement with an Austrian investor for the sale of all shares in freesort GmbH. freesort GmbH offers franking and downstream access services for outgoing mail. In 2023, it generated revenue of EUR 66.8 million and EBITDA of EUR 2.1 million.
With this sale, FP aims to focus on its Mailing & Shipping Solutions and Digital Business Solutions segments. As a result, the company has adjusted its 2024 forecast. Revenue is expected to be up to 32% below the previous year's reported revenue, with EBITDA down by up to 26%.
The Board extends its gratitude to the freesort team and Managing Director Lars Tisken for their work under challenging conditions.
R. P.
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