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Francotyp-Postalia Holding AG: Francotyp-Postalia raises earnings forecast for fiscal year 2021

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Francotyp-Postalia Holding AG / Key word(s): Change in Forecast/Quarterly / Interim Statement
Francotyp-Postalia Holding AG: Francotyp-Postalia raises earnings forecast for fiscal year 2021

15-Nov-2021 / 13:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad hoc disclosure
Public disclosure of inside information
in accordance with Article 17 MAR

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.

Disclaimer
Statements in this release relating to future development and the Group's forecasts are based on our careful assessment of future events - based on economic forecasts and that the global economy will continue to recover. Any additional negative economic developments beyond this, such as a further lockdown of entire or specific economic sectors, may lead to actual results for fiscal year 2021 deviating from the forecast figures.

For Investor Relations press enquiries, please contact:
Anna Lehmann

Tel.: +49 (0)30 220 660 410
E-mail: a.lehmann@francotyp.com
 

About Francotyp-Postalia:
The listed and globally operating FP Group with headquarters in Berlin, Germany, is an expert in solutions that make office and working life easier and more efficient. The company has four business areas: Franking and Office Solutions, Mail Services, Software and Business Process Automation, and IoT. With a history spanning nearly 100 years, the Group is firmly established as the market leader in Germany and Austria and the world's third-largest provider of franking systems. The company has subsidiaries in ten different countries and is represented by a trading network in a further 40 countries. In the Mail Services business, FP offers the consolidation of business mail and counts among the leading providers in Germany. In the Software & BPA business, 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 growth areas of Internet of Things (IoT), the company develops platform- and software-as-a-service solutions not only to record and transmit data, but also to format this data and make it usable for customers. The Group generated revenue of around EUR 196 million in fiscal year 2020.


 

15-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Francotyp-Postalia Holding AG

Prenzlauer Promenade 28

13089 Berlin

Germany

Phone:

+49 (0)30 220 660 410

Fax:

+49 (0)30 220 660 425

E-mail:

ir@francotyp.com

Internet:

www.fp-francotyp.com

ISIN:

DE000FPH9000

WKN:

FPH900

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1249071


 

End of Announcement

DGAP News Service

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