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Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
You can call us by phone at the usual business hours.
Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
Francotyp-Postalia Holding AG, a provider of mail management services active worldwide, increased its earnings power and strengthened its financial position in the first quarter of 2010. Although sales declined slightly, EBITDA improved to € 7.1 million, compared to € 5.3 million in the same quarter of the previous year. Free cash flow, which is the difference between cash inflow from operating activities and cash outflow from investment, increased by € 2.9 million to € 5.0 million.
In the first three months of this year, revenues in the FP Group reached € 33.6 million, compared to € 34.2 million in the same period last year. Recurring revenues from service contracts, rentals, consumables, postal services and software services remained stable. However, new business continued to be sluggish due to the still very difficult state of the economy.
In terms of operating profitability, the FP Group improved its results. This positive development is largely due to the successful restructuring process carried out last year, combined with strict cost management. While material expenses increased by € 0.4 million to € 9.2 million due to an increase in finished and unfinished products, personnel expenses fell by € 0.9 million to € 12.7 million. At the same time, other expenses also declined by € 0.3 million to € 7.9 million, while depreciation and amortization decreased by € 0.5 million to € 5.6 million. Consolidated net income improved in the first quarter of 2010 to € -0.7 million, compared to € -2.0 million in the same quarter of the previous year.
Outlook for 2010
Despite the continuing challenges posed by its operating environment, the FP Group expects revenues and EBITDA figures to close slightly up for the full financial year 2010, compared to the previous year. The Company is forecasting revenues of between € 130 to € 135 million and an EBITDA of between € 22 to € 24 million. In the previous year, the Company closed its year-end figures with total revenues of € 129.0 million and a comparable EBITDA result of € 22.0 million.
"In view of the improvements we have made to cost structures and the high level of recurring sales, we see a good chance for a slight upturn in business during the current year, despite the ongoing difficulties posed by our operating environment," commented Hans Szymanski, CFO for the FP Group. Developments in the first quarter show that the FP Group is gaining in profitability, step-by-step. "We intend to continue down this route over the coming quarters, and will further optimize our cost structure in order to maintain and expand the profitability of the FP Group," continued Szymanski.
Francotyp-Postalia Holding AG, a listed company based in Berlin, is the holding company of the globally operating FP Group (FP). FP is an expert in solutions that make office and work life easier and more efficient. FP has the following business areas: Digital Business Solutions, Mailing, Shipping & Office Solutions and Mail Services. In the Digital Business Solutions business areas, 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 Mailing, Shipping & Office Solutions business area, FP is the world’s third-largest provider of mailing systems and market leader in Germany, Austria, Scandinavia, and Italy. FP has subsidiaries in 15 countries and is represented by its dealer network in many further countries. In the Mail Services business area, FP offers the consolidation of business mail and is among the leading providers in Germany. In 2021, FP generated revenue of more than EUR 200 million.