Masterflex SE (MZX.F)
| Previous close | 7.12 |
| Open | 6.96 |
| Bid | 0.00 x 64700 |
| Ask | 0.00 x 63300 |
| Day's range | 6.96 - 7.16 |
| 52-week range | 4.02 - 7.92 |
| Volume | 500 |
| Avg. volume | 382 |
| Market cap | 70.214M |
| Beta (5Y monthly) | 0.72 |
| PE ratio (TTM) | 70.20 |
| EPS (TTM) | 0.10 |
| Earnings date | N/A |
| Forward dividend & yield | 0.08 (1.12%) |
| Ex-dividend date | 20 May 2021 |
| 1y target est | 9.67 |
- EQS Group
Masterflex SE: Annual General Meeting approves dividend payment of EUR 0.08 per share
DGAP-News: Masterflex SE / Key word(s): AGM/EGM20.05.2021 / 07:30 The issuer is solely responsible for the content of this announcement.Masterflex SE: Annual General Meeting approves dividend payment of EUR 0.08 per shareGelsenkirchen, May 20, 2021 - At yesterday's Annual General Meeting of Masterflex SE, which was once again held in virtual form, the shareholders approved the proposal of the Management Board and Supervisory Board and resolved a dividend of EUR 0.08 per share (previous year: EUR 0.07) for fiscal year 2020. This means that a total of around EUR 769,467 (previous year: EUR 673,283) will be distributed from the net retained earnings of Masterflex SE. The members of the Management Board and the Supervisory Board were also discharged by the shareholders for the past fiscal year.In his address to the Annual General Meeting, CEO Dr. Andreas Bastin reported on fiscal year 2020, which was significantly impacted by the corona pandemic, and in which the company made great progress in implementing its "Back to Double Digit" optimization program, the effects of which are now becoming visible. CEO Dr. Andreas Bastin made this particularly clear in the increase in operating profitability in the first quarter of 2021, in which the EBIT margin of 11.3% was well within the double-digit target range. Based on the good start in the first quarter, the Management Board reaffirmed the forecast for 2021, which envisages sales growth of 2% to 5% and operating EBIT above the previous year in absolute and percentage terms. In a separate section of his speech, the CEO explained the sustainability strategy of Masterflex SE with regard to future ESG requirements.Dr. Andreas Bastin, CEO of Masterflex SE: "In fiscal year 2020, we made the best of the extreme situation with the coronavirus and showed what we are capable of as a company when it counts. Internally, we have done our homework in terms of profitability and productivity to such an extent that it is now time to set our sights on the next growth steps in order to also tap into new potential through selective acquisitions."The resolutions proposed under the agenda items Top 1 to Top 9 received clear approval from the Annual General Meeting. The supplementary proposals by J.F. Müller & Sohn AG, Hamburg, did not receive the required voting majorities. The voting presence was 56.17%. Further information on the 2021 Annual General Meeting and the detailed voting results will be available for downloading from the Investor Relations section of www.masterflexgroup.com.About Masterflex SE:The Masterflex Group is an expert on the development and manufacture of sophisticated connection and hose systems. With 14 operating units in Europe, America and Asia, the Group is represented nearly worldwide. Current drivers of its growth include internationalization, innovation, operational excellence and digitalization. Masterflex shares (WKN 549293) have been listed in the Prime Standard of the German Stock Exchange since 2000.IR Contact:Susan HoffmeisterInvestor RelationsTel.: +49 (0)89 125 09 03 33sh@crossalliance.dewww.crossalliance.de20.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Masterflex SE Willy-Brandt-Allee 300 45891 Gelsenkirchen Germany Phone: +49 (0)209 970770 Fax: +49 (0)209 9707733 E-mail: info@masterflexgroup.com Internet: www.MasterflexGroup.com ISIN: DE0005492938 WKN: 549 293 Indices: Prime all share Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1198475 End of News DGAP News Service
- EQS Group
Masterflex SE returns to its growth path in first quarter of 2021 - operational EBIT +7.5%
DGAP-News: Masterflex SE / Key word(s): Quarter Results/Quarterly / Interim Statement12.05.2021 / 07:30 The issuer is solely responsible for the content of this announcement.Masterflex SE returns to its growth path in first quarter of 2021 - operational EBIT +7.5% - Several industries already at or above the previous year's level- Consolidated revenue at a high level of EUR 19.5 million - Consolidated operational EBIT at EUR 2.2 million - Implementation of the B2DD program showing effect - EBIT margin in double digits at 11.3%Gelsenkirchen, May 12, 2021 - The Masterflex Group posted a solid business performance in the first quarter of 2021 despite the effects of the corona pandemic that are still being felt in certain customer industries. Revenue was EUR 19.5 million and thus 4.9% below the same quarter of the previous year (EUR 20.5 million). Here, it is important to consider that the first quarter of 2020 in the core market of Europe was still hardly affected by the negative impact of the corona pandemic.The positive trend of the second half of 2020 continued in the first quarter of 2021. While demand remained stagnant at a low level, particularly in the area of aerospace products, the Group again recorded growth with customers from most customer industries - medical technology, life science, renewable energies, the process industry & robotics. In fact, some companies were even at or above the level of the previous year. The slow progress of imports and the increasing shortage of raw materials still dampened the growth potential in the reporting period and the outlook for the months ahead.The consistent implementation of the "Back to Double Digit" (B2DD) optimization program had an impact in the first quarter of 2021 in the form of increased profitability compared to the same quarter of the previous year. At EUR 2.2 million, consolidated operational EBIT was up 7.5% on the same period of the previous year (3M/2020: EUR 2.1 million), despite the decline in sales. This equates to an EBIT margin of 11.3%, compared to 10.0% for the same period last year. Consolidated EBITDA reached EUR 3.4 million in the three-month period (3M/2020: EUR 3.3 million) and consolidated net income EUR 1.5 million (3M/2020: EUR 1.3 million)."We achieved the primary goal of our optimization program of substantially increasing personnel productivity on the way to what we call operational excellence. This can already be seen in how earnings developed in the first quarter, which was still challenging in some industries. We can see that the economy is picking up, however, a lot depends on the progress that is being made with the vaccination program. We are slowly emerging from the pandemic as an extreme situation and assume that all sectors will tend to grow over the next few years. We see 2021 as the starting year for a continuation of our long-term growth path with significantly higher profitability," said Dr. Andreas Bastin, CEO of the Masterflex Group.Considering the solid development in the first quarter, management confirms the guidance for 2021, which foresees an increase in revenue of 2% to 5%. At the same time, operational EBIT is expected to be above the previous year in absolute and percentage terms. These expectations are contingent on no further hard COVID-19 lockdowns. At the same time, management confirms its medium-term goal of seeing the operational EBIT margin return to double-digit figures on a sustainable basis by 2022 through significantly higher personnel productivity and significantly improved efficiency and return on capital employed.Conference callA conference call for members of the press, analysts and institutional investors will be held at 10:00 a.m. on May 12, 2021. The quarterly statement as well as an up-to-date company presentation on the financial figures for the first quarter of 2021 are also published on www.masterflexgroup.com in the Investor Relations section. Selected key figures in € thousand March 31, 2021 March 31, 2020 Consolidated revenue 19,512 20,510 EBITDA 3,404 3,261 EBIT (operational) 2,205 2,051 EBIT margin (operational) 11.3% 10.0% EBIT 2,205 1,968 Consolidated earnings 1,494 1,311 Earnings per share (€) 0.16 0.14 March 31, 2021 December 31, 2020 Group equity 43,144 41,285 Group equity ratio 55.0% 54.1% Total Group assets 78,378 76,354 About Masterflex SE:The Masterflex Group is an expert on the development and manufacture of sophisticated connection and hose systems. With 14 operating units in Europe, America and Asia, the Group is represented nearly worldwide. Current drivers of its growth include internationalization, innovation, operational excellence and digitalization. Masterflex shares (GSIN 549293) have been listed in the Prime Standard of the German Stock Exchange since 2000.IR Contact:CROSS ALLIANCE communication GmbHSusan HoffmeisterInvestor RelationsPhone: 089 125 09 03-33sh@crossalliance.dewww.crossalliance.de12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Masterflex SE Willy-Brandt-Allee 300 45891 Gelsenkirchen Germany Phone: +49 (0)209 970770 Fax: +49 (0)209 9707733 E-mail: info@masterflexgroup.com Internet: www.MasterflexGroup.com ISIN: DE0005492938 WKN: 549 293 Indices: Prime all share Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1195137 End of News DGAP News Service
- EQS Group
Masterflex SE: B2DD optimization program proves effective, medium-term targets confirmed
DGAP-News: Masterflex SE / Key word(s): Annual Results31.03.2021 / 07:30 The issuer is solely responsible for the content of this announcement.Masterflex SE: B2DD optimization program proves effective, medium-term targets confirmed- Consolidated revenue of EUR 71.9 million in 2020 at the upper end of the forecast range- Group operating EBIT of EUR 3.2 million exceeds forecast for 2020- "Back to Double Digit" optimization program on track, initial positive effects evident- Medium-term targets confirmed with a sustained double-digit EBIT marginGelsenkirchen, March 31, 2021 - Masterflex SE (ISIN: DE0005492938) published its Annual Report for fiscal year 2020 today. In a fiscal year severely impacted by the corona pandemic, the Group succeeded in achieving the upper end of the forecast range for revenue and even exceeded its own targets for operating EBIT.In total, the Masterflex Group generated revenue of EUR 71.9 million in fiscal year 2020. This is a 10.1% decline compared to the previous year's revenue of EUR 80.0 million, as expected. Activities in the aerospace, automotive and mechanical engineering sectors in particular were adversely affected by the negative effects of the COVID-19 pandemic. By contrast, its performance in the medical technology sector was quite positive. Together with the activities in the food and pharmaceutical industries, this partly compensated for declines in revenue in areas more severely affected by the pandemic.The combination of strict cost discipline together with the efficiency measures implemented as part of the "Back to Double Digit" (B2DD) optimization program enabled the Masterflex Group to partially compensate for the decline in revenue on the earnings side. As forecast, the Group's operating EBIT of EUR 3.2 million was below the previous year's figure of EUR 5.1 million, yet exceeded the forecast for the full year 2020, which foresaw operating EBIT in the range of EUR 1.0 million to EUR 2.5 million. Accordingly, the operating EBIT margin for the full year 2020 was 4.4%, compared to 6.3% the previous year. EBITDA reached EUR 7.9 million in the past twelve months, compared to EUR 9.7 million in the same period of the previous year. As expected, consolidated net profit as of December 31, 2020, was down on the same period of the previous year (EUR 2.5 million) at EUR 0.8 million.The Group improved its financial position compared to the previous year. The Masterflex Group's cash and cash equivalents amounted to EUR 9.2 million as of December 31, 2020 (previous year: EUR 6.9 million). As a result, net debt at the end of 2020 was EUR 18.2 million, a reduction of 24% compared to the previous year's figure of EUR 23.9 million. Group equity of the Masterflex Group decreased by EUR 0.73 million to EUR 41.3 million as of the balance sheet date on December 31, 2020. The decrease in equity is mainly due to currency differences and the payment of the dividend for fiscal year 2019. Consolidated net profit for 2020 of EUR 0.8 million resulted in an increase in equity. With a simultaneous reduction in total assets, the equity ratio rose from 51.5% to 54.1% in fiscal year 2020."We are very satisfied with fiscal year 2020 in view of the impact caused by the pandemic. The fact that we can look back on a positive business performance despite the difficult conditions is largely due to the consistent implementation of our "Back to Double Digit" optimization program. With an improved financial position despite the recession, we can look forward with confidence to the current year, in which we hope to return to our growth path as the situation with regard to the infection returns to more normal levels. Considering our successes, we expressly confirm our medium-term targets of a sustainable double-digit operating EBIT margin," commented Dr. Andreas Bastin, CEO of the Masterflex Group. Key Figures / Masterflex Group (in EUR thousands) 2020 2019 Change Consolidated revenue 71,881 79,969 -10.1% EBITDA 7,892 9,656 -18.3% EBIT (operating) 3,167 5,058 -37.4% EBIT 2,335 4,542 -48.6% EBIT margin (operating) 4.4% 6.3% Net profit 793 2,532 -68.7% Consolidated earnings per share (in EUR) 0.08 0.26 -69.2% 2020 2019 Change Group equity 41,285 42,015 -1.7% Group equity ratio 54.1% 51.5% Total Group assets 76,354 81,559 -6.4% DividendThe Management Board and Supervisory Board propose to the Annual General Meeting to distribute a dividend of EUR 0.08 per share (previous year: EUR 0.07 per share) from the net retained earnings of Masterflex SE as of December 31, 2020. The Annual General Meeting is scheduled to be held on May 19, 2021.Annual ReportThe 2020 Annual Report has been published in German on www.masterflexgroup.com. The English version of the 2020 Annual Report will be published on www.masterflexgroup.com on April 12, 2021.Conference Call A conference call will be held for representatives of the media, analysts and institutional investors at 10:00 a.m. on March 31, 2021. The latest company presentation on the 2020 financial figures is also available in the Investor Relations section of www.masterflexgroup.com.About Masterflex SEThe Masterflex Group is an expert on the development and manufacture of sophisticated connection and hose systems. With 14 operating units in Europe, America and Asia, the Group is represented nearly worldwide. Current drivers of its growth include internationalization, innovation, operational excellence and digitalization. Masterflex shares (WKN 549293) have been listed in the Prime Standard of the German Stock Exchange since 2000.IR Contact:Susan HoffmeisterInvestor RelationsPhone: 089 125 09 03-33sh@crossalliance.dewww.crossalliance.de31.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Masterflex SE Willy-Brandt-Allee 300 45891 Gelsenkirchen Germany Phone: +49 (0)209 970770 Fax: +49 (0)209 9707733 E-mail: info@masterflexgroup.com Internet: www.MasterflexGroup.com ISIN: DE0005492938 WKN: 549 293 Indices: Prime all share Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1178601 End of News DGAP News Service
