Unternehmensmitteilung für den Kapitalmarkt
Gelsenkirchen/Germany (pta005/30.03.2015/08:00) - In the 2014 financial year,
Masterflex SE steadily continued the growth trend it has enjoyed for four years.
Turnover of the specialist supplier of high-tech hoses and connection systems,
which operates almost everywhere in the world, increased by 7.9 percent to its
current level of Eur 62.5 million. The operating result grew by 3.3 percent to
Eur 6.3 million producing an operating profitability (EBIT margin) of 10.1
percent. Thus, the company was able to confirm preliminary figures for the 2014
financial year in an adhoc announcement published on 3 March. The consolidated
net profit at Eur 3.0 million is higher than the previous year.
Dr. Andreas Bastin, CEO of the Masterflex Group, said, "Due to the pace of
growth and sustained profitability, 2014 was a good year for us. Yet, true to
the saying 'Good is the enemy of better', we are nevertheless certain that there
is always room for improvement. And to become even better is our declared goal
for 2015. Because we want to be the market leader in all of the global markets
we address in the medium term. In addition to Europe, these are located in
America and Asia in particular".
The financial result in 2014 at Eur -1.1 million was 28.8 percent below the
previous year (Eur -1.6 million). The syndicated loan negotiated in 2013 with
its preferential rates of interest is reflected here significantly. Expenses for
income tax rose to Eur 2.0 million (previous year Eur 1.7 million*); in the
previous year, a not insignificant portion is attributable to the result
correction with regard to the deferred tax assets in accordance with IAS 8.
Earnings from continued operations amounted to Eur 3.2 million in the past year
(previous year Eur 2.9 million*) and the expenses from discontinued operations
were Eur -0.2 million (Eur -0.1 million). The consolidated net profit amounts to
Eur 3.0 million (previous year Eur 2.6 million*) or Eur 0.34 per share (previous
year Eur 0.29*).
Operating cash flow remained at Eur 6.8 million roughly at the previous year's
level (Eur 8.0 million) taking into account the stronger increase in income
taxes paid. The equity ratio lies at 45.9 percent (previous year 40.7 percent*).
In accordance with the HGB individual financial statement applicable to making
dividend payouts, the specialist supplier of high-tech hoses achieved the
capability to pay out a dividend at the end of the 2014 financial year for the
first time in several years. Bastin said, "On this basis, the first phase of our
growth which started following the restructuring in 2011 ended faster than
expected. The payment of a dividend is a topic of our agenda over the next few
years. Now we just have to stay on track with respect to the partly conflicting
objectives of 'reducing debt', 'financing growth', 'making use of opportunities
for company acquisitions' and payment of a dividend".
The technology-leading Masterflex Group introduced two particularly important
product innovations in 2014. The main advantage of the, in the first half of
2014 newly introduced Master-PUR Trivolution is the combination of its three
features of antistatic, flame-resistance and microbial resistance combined into
one single hose, which led to its now trademark-protected epithet "TRIvolution".
And with its second innovation, the high temperature FireFlex exhaust hose,
the Masterflex Group in the USA under the Masterduct brand is offering an
important product for vehicle fleets in the fire service. Fireflex, the
easy-to-assemble yet very robust hose, simplifies the maintenance process
considerably, allowing heavy-duty fire appliances to be started and maintained
without danger to life or limb.
The Masterflex Group remains confident that above-average growth opportunities
will continue in the future. Particular management attention is focused on the
vision-orientated expansion of the company on an international level, in
particular Asia and the American continent. Bastin: "In China, we will further
penetrate the giant Chinese market with a now fully integrated, motivated sales
force and recently expanded range of plant machinery. The same applies to many
of China's neighbours. And in the USA, we have a very stable starting position
for our product portfolio which we will strengthen and expand.
In addition, the Masterflex Group is carefully exploring opportunities to
acquire companies in the global markets for high-tech hoses and connection
systems. In this regard, comprehensive global industry documentation on market
players and products can be drawn on which the group has built up over more than
half a decade, based on its own market observation and analysis.
To boost its perception as a globally active yet also unified group of
companies, from now on Masterflex SE will feature a slightly revised logo for
its umbrella brand Masterflex Group and its five product brands Masterflex,
Matzen & Timm, Novoplast Schlauchtechnik, Fleima-Plastic and Masterduct (see
attached picture).
This logo symbolises the strong unity of the five product brands which combine a
wide variety of competencies of all types of connecting systems under the
umbrella of the Masterflex Group. In making this small alteration, the
Masterflex Group expects an improved perception of itself and its products and,
in the longer term, more business. Further, from now on, all employee email
addresses will gradually be standardised throughout the world locations.
The Annual General Meeting of the Masterflex Group will take place on 16 June
2015 at the Veltins-Arena in Gelsenkirchen.
Selected Key Figures FY 2014 and 2013*
31.12.14 31.12.13 Change
Consolidated 62,466 57,904 7.9 %
revenue
(kEur)
EBITDA 9,172 8,769 4.6 %
(kEur)
EBIT (kEur) 6,317 6,114 3.3 %
EBT (kEur) 5,194 4,537 14.5 %
Consolidated 3,232 2,867 12.7 %
earnings
from
continued
business
units (kEur)
Consolidated -154 -80 -92.5
earnings %
from
discontinued
business
units (kEur)
Consolidated 3,043 2,596 17.2 %
net income
(kEur)
Group equity 23,835 21,063 13.2 %
(kEur)
Group equity 45.9% 40.7%
ratio
Group total 51,982 51,73 0.5 %
assets
(kEur)
Employees 567 550 3.1 %
EBIT margin 10.1% 10.6%
Return on 5.2% 5.0%
sales
EpS (Eur)
from 0,36 0,3 20.0 %
continued
business
units
from -0,02 -0,01 -100.0
discontinued %
business
units
from 0,34 0,29 17.2 %
continued
and
discontinued
business
units
* Taking into consideration the correction in accordance with IAS 8: In
accordance with this accounting standard, an error from 2010 was corrected by a
reversal of deferred tax assets of Eur 2.8 million in total; of the total
amount, Eur 1.9 million was attributable to the preceding years between 2010 and
2013 (see adhoc announcement of 3 March 2015).
The Masterflex Group is the listed specialist in the development and manufacture
of sophisticated hose and connection systems. With 13 operational units in
Europe, America and Asia, the group is represented almost everywhere in the
world. Internationalisation and innovation are the drivers for growth.
(Ende)
Aussender: Masterflex SE
Adresse: Willy-Brandt-Allee 300, 45891 Gelsenkirchen
Land: Deutschland
Ansprechpartner: Dr. Annette Littmann
Tel.: +49 209 97077-0
E-Mail: a.littmann@masterflexgroup.com
Website: www.masterflexgroup.com
ISIN(s): DE0005492938 (Aktie)
Börsen: Regulierter Markt in Frankfurt; Freiverkehr in Stuttgart, Freiverkehr in
München, Freiverkehr in Hamburg, Freiverkehr in Düsseldorf; Freiverkehr in
Berlin
Quelle: http://adhoc.pressetext.com/news/1427695200935
© pressetext Nachrichtenagentur GmbH Pflichtmitteilungen und
Finanznachrichten übermittelt durch pressetext.adhoc. Archiv:
http://adhoc.pressetext.com . Für den Inhalt der Mitteilung ist der Aussender
verantwortlich. Kontakt für Anfragen: adhoc@pressetext.com oder +43-1-81140-300. (END) Dow Jones NewswiresMarch 30, 2015 02:00 ET (06:00 GMT)
Gelsenkirchen/Germany (pta005/30.03.2015/08:00) - In the 2014 financial year,
Masterflex SE steadily continued the growth trend it has enjoyed for four years.
Turnover of the specialist supplier of high-tech hoses and connection systems,
which operates almost everywhere in the world, increased by 7.9 percent to its
current level of Eur 62.5 million. The operating result grew by 3.3 percent to
Eur 6.3 million producing an operating profitability (EBIT margin) of 10.1
percent. Thus, the company was able to confirm preliminary figures for the 2014
financial year in an adhoc announcement published on 3 March. The consolidated
net profit at Eur 3.0 million is higher than the previous year.
Dr. Andreas Bastin, CEO of the Masterflex Group, said, "Due to the pace of
growth and sustained profitability, 2014 was a good year for us. Yet, true to
the saying 'Good is the enemy of better', we are nevertheless certain that there
is always room for improvement. And to become even better is our declared goal
for 2015. Because we want to be the market leader in all of the global markets
we address in the medium term. In addition to Europe, these are located in
America and Asia in particular".
The financial result in 2014 at Eur -1.1 million was 28.8 percent below the
previous year (Eur -1.6 million). The syndicated loan negotiated in 2013 with
its preferential rates of interest is reflected here significantly. Expenses for
income tax rose to Eur 2.0 million (previous year Eur 1.7 million*); in the
previous year, a not insignificant portion is attributable to the result
correction with regard to the deferred tax assets in accordance with IAS 8.
Earnings from continued operations amounted to Eur 3.2 million in the past year
(previous year Eur 2.9 million*) and the expenses from discontinued operations
were Eur -0.2 million (Eur -0.1 million). The consolidated net profit amounts to
Eur 3.0 million (previous year Eur 2.6 million*) or Eur 0.34 per share (previous
year Eur 0.29*).
Operating cash flow remained at Eur 6.8 million roughly at the previous year's
level (Eur 8.0 million) taking into account the stronger increase in income
taxes paid. The equity ratio lies at 45.9 percent (previous year 40.7 percent*).
In accordance with the HGB individual financial statement applicable to making
dividend payouts, the specialist supplier of high-tech hoses achieved the
capability to pay out a dividend at the end of the 2014 financial year for the
first time in several years. Bastin said, "On this basis, the first phase of our
growth which started following the restructuring in 2011 ended faster than
expected. The payment of a dividend is a topic of our agenda over the next few
years. Now we just have to stay on track with respect to the partly conflicting
objectives of 'reducing debt', 'financing growth', 'making use of opportunities
for company acquisitions' and payment of a dividend".
The technology-leading Masterflex Group introduced two particularly important
product innovations in 2014. The main advantage of the, in the first half of
2014 newly introduced Master-PUR Trivolution is the combination of its three
features of antistatic, flame-resistance and microbial resistance combined into
one single hose, which led to its now trademark-protected epithet "TRIvolution".
And with its second innovation, the high temperature FireFlex exhaust hose,
the Masterflex Group in the USA under the Masterduct brand is offering an
important product for vehicle fleets in the fire service. Fireflex, the
easy-to-assemble yet very robust hose, simplifies the maintenance process
considerably, allowing heavy-duty fire appliances to be started and maintained
without danger to life or limb.
The Masterflex Group remains confident that above-average growth opportunities
will continue in the future. Particular management attention is focused on the
vision-orientated expansion of the company on an international level, in
particular Asia and the American continent. Bastin: "In China, we will further
penetrate the giant Chinese market with a now fully integrated, motivated sales
force and recently expanded range of plant machinery. The same applies to many
of China's neighbours. And in the USA, we have a very stable starting position
for our product portfolio which we will strengthen and expand.
In addition, the Masterflex Group is carefully exploring opportunities to
acquire companies in the global markets for high-tech hoses and connection
systems. In this regard, comprehensive global industry documentation on market
players and products can be drawn on which the group has built up over more than
half a decade, based on its own market observation and analysis.
To boost its perception as a globally active yet also unified group of
companies, from now on Masterflex SE will feature a slightly revised logo for
its umbrella brand Masterflex Group and its five product brands Masterflex,
Matzen & Timm, Novoplast Schlauchtechnik, Fleima-Plastic and Masterduct (see
attached picture).
This logo symbolises the strong unity of the five product brands which combine a
wide variety of competencies of all types of connecting systems under the
umbrella of the Masterflex Group. In making this small alteration, the
Masterflex Group expects an improved perception of itself and its products and,
in the longer term, more business. Further, from now on, all employee email
addresses will gradually be standardised throughout the world locations.
The Annual General Meeting of the Masterflex Group will take place on 16 June
2015 at the Veltins-Arena in Gelsenkirchen.
Selected Key Figures FY 2014 and 2013*
31.12.14 31.12.13 Change
Consolidated 62,466 57,904 7.9 %
revenue
(kEur)
EBITDA 9,172 8,769 4.6 %
(kEur)
EBIT (kEur) 6,317 6,114 3.3 %
EBT (kEur) 5,194 4,537 14.5 %
Consolidated 3,232 2,867 12.7 %
earnings
from
continued
business
units (kEur)
Consolidated -154 -80 -92.5
earnings %
from
discontinued
business
units (kEur)
Consolidated 3,043 2,596 17.2 %
net income
(kEur)
Group equity 23,835 21,063 13.2 %
(kEur)
Group equity 45.9% 40.7%
ratio
Group total 51,982 51,73 0.5 %
assets
(kEur)
Employees 567 550 3.1 %
EBIT margin 10.1% 10.6%
Return on 5.2% 5.0%
sales
EpS (Eur)
from 0,36 0,3 20.0 %
continued
business
units
from -0,02 -0,01 -100.0
discontinued %
business
units
from 0,34 0,29 17.2 %
continued
and
discontinued
business
units
* Taking into consideration the correction in accordance with IAS 8: In
accordance with this accounting standard, an error from 2010 was corrected by a
reversal of deferred tax assets of Eur 2.8 million in total; of the total
amount, Eur 1.9 million was attributable to the preceding years between 2010 and
2013 (see adhoc announcement of 3 March 2015).
The Masterflex Group is the listed specialist in the development and manufacture
of sophisticated hose and connection systems. With 13 operational units in
Europe, America and Asia, the group is represented almost everywhere in the
world. Internationalisation and innovation are the drivers for growth.
(Ende)
Aussender: Masterflex SE
Adresse: Willy-Brandt-Allee 300, 45891 Gelsenkirchen
Land: Deutschland
Ansprechpartner: Dr. Annette Littmann
Tel.: +49 209 97077-0
E-Mail: a.littmann@masterflexgroup.com
Website: www.masterflexgroup.com
ISIN(s): DE0005492938 (Aktie)
Börsen: Regulierter Markt in Frankfurt; Freiverkehr in Stuttgart, Freiverkehr in
München, Freiverkehr in Hamburg, Freiverkehr in Düsseldorf; Freiverkehr in
Berlin
Quelle: http://adhoc.pressetext.com/news/1427695200935
© pressetext Nachrichtenagentur GmbH Pflichtmitteilungen und
Finanznachrichten übermittelt durch pressetext.adhoc. Archiv:
http://adhoc.pressetext.com . Für den Inhalt der Mitteilung ist der Aussender
verantwortlich. Kontakt für Anfragen: adhoc@pressetext.com oder +43-1-81140-300. (END) Dow Jones NewswiresMarch 30, 2015 02:00 ET (06:00 GMT)