- 2012 Annual Report confirms preliminary results
- FP Group reaffirms forecast for 2013 after a good start to the current financial year
- High demand for new PostBase franking system
Birkenwerder, 25 April 2013. Francotyp-Postalia Holding AG, the first multi-channel provider for mail communication, today published its 2012 Annual Report. In it, the Company confirms the preliminary results that it published at the end of February 2013, with the consolidated net result of EUR 4.0 million turning out better than presented in the preliminary figures. In light of the positive start to the current financial year, the FP Group is also reaffirming its revenue and earnings forecasts for 2013 as a whole.
In 2012, the Company increased revenue by 3.9% to EUR 165.6 million compared with EUR 159.4 million in the previous year. Thanks to restructuring production and the set-up of a new production site in Wittenberge, EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by 45.0% to EUR 19.0 million compared with EUR 13.1 million in the previous year. Consolidated net income improved from EUR -4.6 million in 2011 to EUR 4.0 million, while earnings per share for 2012 moved up from EUR -0.27 in the previous year to EUR 0.27. The consolidated net result surpassed the value given in the preliminary figures by EUR 0.5 million. This is mainly attributable to a better tax result as deferred tax assets were lower than initially expected when the preliminary results were presented.
More than 10,000 PostBase franking systems already brought to the market
In addition to the new production site in Wittenberge, the Company also benefitted in 2012 from the successful market launch of the new PostBase franking system. The system was first introduced in the German home market and in the USA, the Company’s largest foreign market. Since the launch in March 2012, the FP Group has already sold or leased more than 10,000 PostBase machines on the market. PostBase is now also available in Austria, the UK and Canada, and launches are also being planned in other countries.
The high demand for PostBase played an important part in the FP Group’s good start to the current financial year. This was supported by a growing interest in the multi-channel services for modern mail communication. The services offered range from franking and inserting physical letters to mail consolidation and even hybrid and fully electronic mail via De-Mail. “Our strategy is paying off. This is reflected in how the product concept of the new franking system is taking off. 90 years of experience in mail communication has gone into this product,” explains Hans Szymanski CEO & CFO of Francotyp-Postalia Holding AG. PostBase is distinguished by how easy it is to use and its ability to live up to the fast-paced demands of everyday office life. At the same time, it is extremely quiet to run and has an award-winning design. “Our customers appreciate the benefits of working with a partner such as FP. With our multi-channel products, we help our customers to optimise their mail communication.”
The Management Board is focusing its attention on sales this year. “We will increase our sales activities in Germany and put an emphasis on industry solutions,” adds Andreas Drechsler, CSO of Francotyp-Postalia Holding AG. “On an international level, we want to expand our sales network further and thus boost the sales of PostBase and other FP solutions. I take the extremely positive reactions of our customers to our new products and solutions as a promising sign in this regard that we are on the right track.”
In light of the positive start to the current financial year, the FP Group is reaffirming the forecasts it published in February 2013 for the year as a whole. The Company anticipates revenue of at least EUR 168 million and EBITDA of at least EUR 22 million.
The quarterly report is due to be published on 23 May 2013.
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