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Francotyp-Postalia: Mailing, Franking Machines, Shipping & Office Solutions. "The higher forecast was achieved," with Group revenue increasing by 4.0% to around 204 million euros compared to 196 million euros in 2020. As part of the transformation programme called: "FUTURE@FP, costs were reduced and internal and customer and partner-oriented processes were improved." The consolidated result in 2020 was still minus 20 million euros; in 2021 FP has moved into the plus zone with 0.4 million euros. Fat haul in sight in the US? Revenue growth was achieved in all three business segments, all in the plus zone. In the USA, 700,000 franking machines need to be replaced, the background to this is that a new security standard is being introduced in the USA. How big is the potential market share?
"Francotyp-Postalia makes office life easier." Francotyp-Postalia Holding AG raised its annual forecast again even before the publication of the 9-month figures. Revenue rose 0.9% to €149 million in the first nine months of 2021, compared to €147.6 million in the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached 15.2 million euros, compared to 19.5 million euros in the previous year. CEO Carsten Lind: "In the U.S., 700,000 franking machines have to be changed, the background is that a new security standard has been introduced in the U.S. and all franking machines have to have this standard." What does the FUTURE@FP transformation program mean?