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Francotyp-Postalia once again achieves growth in revenue and profit in 2013
Preliminary figures for 2013:
- Revenue growth of 2.0% to EUR 168.9 million
- EBITDA increase of 16.5% to EUR 22.1 million
- Increase of 23.3% in consolidated profit to EUR 4.9 million
Outlook for 2014:
- Planned growth in revenue to reach at least EUR 173 million
- Anticipated increase in EBITDA to at least EUR 25 million
Birkenwerder, 27 February 2014. According to preliminary calculations, Francotyp-Postalia Holding AG, a multi-channel provider for mail communication, significantly increased both revenue and profit in the financial year 2013. The FP Group is also expecting continued profitable growth during the current year.
Clear rise in recurring revenues
According to preliminary calculations for 2013, the FP Group achieved revenue of EUR 168.9 million, following EUR 165.6 million in the previous year. Recurring revenues increased to EUR 136.9 million compared with EUR 132.1 million in the previous year. This revenue comes from the mail services and software business and service agreements, teleporto and consumables for around 240,000 franking machines worldwide as well as the leasing of franking machines. At EUR 32.1 million, revenue from product sales was below the level for the previous year of EUR 33.5 million.
The higher revenue and efficiency gains from production in Wittenberge that began in 2012 have enabled the FP Group to increase income as anticipated. According to preliminary calculations, the company increased its EBITDA result for 2013 to EUR 22.1 million compared with EUR 19.0 million in the previous year. Despite higher depreciation, EBIT also increased to EUR 10.4 million compared with EUR 9.1 million in the previous year. The consolidated net income increased to EUR 4.9 million following EUR 4.0 million in 2012.
The FP Group also improved its level of free cash flow in 2013: According to preliminary calculations, the cash inflow for operational activity and the cash outflow for investment activity totalled EUR 3.4 million compared with EUR -7.0 million in the previous year.
FP Group anticipates profitable growth
“We are satisfied with the development in 2013. We have reached important milestones and will further push profitable growth with the Aufbruch 2015 initiative, to achieve the ambitious target also”, explains Hans Szymanski, CEO & CFO of FP Group.
For the current business year, FP Group is currently anticipating revenue growth to reach at least EUR 173 million, an increase in the EBITDA result to at least EUR 25 million and an increase in EBIT to at least EUR 12 million.
in Mio. €
Consolidated net income
* One-of effect: Accrual for severance payment in Q2 2013 (€0.5m)