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Francotyp-Postalia Holding AG / Key word(s): Change in Forecast/Quarterly / Interim Statement
Ad hoc disclosure
Francotyp-Postalia raises earnings forecast for fiscal year 2021
Berlin, 15 November 2021 - Based on preliminary and unaudited figures for the first nine months of financial year 2021 and a careful analysis, today the Management Board of Francotyp-Postalia Holding AG (ISIN DE000FPH9000) has decided to raise the earnings forecast . Previously, revenue of between EUR 192 million and EUR 200 million and earnings before interest, taxes, depreciation and amortisation (EBITDA) of between EUR 12 million and EUR 16 million (EBITDA margin of 6% to 8%) were expected for 2021 as a whole.
According to preliminary calculations, FP achieved revenues of EUR 148.9 million and EBITDA of EUR 15.2 million in the first nine months of 2021.
The Management Board now expects revenues in a range between EUR 198 million and EUR 201 million and an EBITDA within a range of EUR 17 million and EUR 18 million (EBITDA margin of 8.5% to 9.1%). Overall, business performance in the first nine months, especially the third quarter, was better than expected, resulting in a slight increase in revenue despite negative currency effects. In addition, expectations for the fourth quarter are adjusted, as higher cost savings were realised earlier than planned, particularly in personnel expenses. These are partly offset by increases in the cost of materials.
The quarterly report on business performance in the first nine months of 2021 will be published on 18 November 2021. In a conference call, the Management Board will provide detailed information on the development of the first nine months and the expected business performance for 2021 as a whole.
Tel.: +49 (0)30 220 660 410
15-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
+49 (0)30 220 660 410
+49 (0)30 220 660 425
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
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