Birkenwerder, 2012-03-23

The Management Board of Francotyp-Postalia Holding AG has decided with the approval of the Supervisory Board to increase the company’s share capital by EUR 1.46 million. For this purpose the company is issuing new no-par value bearer shares with a pro-rata amount of the share capital of EUR 1.00 per share. The company’s share capital now amounts to EUR 16.16 million.

The new shares were subscribed in a private placement by 3R Investments Ltd., Cyprus, immediately after the Supervisory Board granted its approval. The capital increase has therefore been successfully placed. The issue amount is EUR 2.66 per share; the company will receive gross proceeds of EUR 3.9 million. The capital increase was supported by Hauck & Aufhäuser Privatbankiers KGaA.

“We are pleased about the successful capital increase and will thus continue to promote our multi-channel strategy in Germany,” says Hans Szymanski, CEO of FP. The company has developed from a manufacturer of franking machines into a multi-channel provider. It is therefore able to serve every dispatch channel relating to letters – from the franking and inserting of physical letters via consolidation all the way to hybrid mail and fully electronic dispatch and receipt via De-Mail. With this strategy, the FP Group is well-positioned for the coming years can benefit from the changed market conditions. In the process, the company has set itself medium-term target figures. Until 2014, the FP Group anticipates revenues of EUR 175 million, EBITDA of EUR 30 million and a consolidated net profit of more than EUR 7 million.

The new FP products are to contribute to medium and long-term growth. With the new franking system PostBase, which has been launched in the German market at this year’s CeBIT, customers will be able to connect the analogue world with the digital world of mail communication in the future. This is possible mainly because the FP Group is the first accredited De-Mail provider. De-Mail is the secure, confidential and legally binding fully electronic postal service. The company sees new sales potential for the medium to long term in the marketing of De-Mail.