DGAP-News: Francotyp-Postalia Holding AG
/ Key word(s): Annual Results
P R E S S R E L E A S E
- FP Group publishes Annual Report 2019 Group revenue increased by 2.4 % to EUR 209.1 million in fiscal year 2019 (EUR 204.2 million in the previous year). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 92.6 % to EUR 33.3 million (previous year EUR 17.3 million). It includes scheduled extraordinary expenses for the ACT project JUMP in the amount EUR of 2.3 million (previous year EUR 8.0 million). In the course of the further implementation of the project, recurring savings of the same amount were achieved in fiscal year 2019. Adjusted for exchange rate effects and the expenses for JUMP, EBITDA increased by 36.5 % to EUR 34.6 million. In fiscal year 2019 the positive currency effects amounted to EUR 2.6 million in revenues and EUR 1.0 million in EBITDA. Free cash flow, adjusted for investments in finance lease assets and M&A as well as payments for JUMP, reached EUR 12.4 million compared to EUR 10.9 million in the previous year. In the course of the JUMP project and the preparation of the consolidated financial statements for 2019, the recognition of a foreign pension plan, already existing since the year 2000, was corrected retrospectively as of January 1st 2018 (effect in equity EUR -2.0 million). Compared with the published preliminary figures, EBITDA for fiscal 2019 increased by EUR 0.3 million as a result of the restatement. Guidance for 2020 In the current pandemic situation, FP is focusing on securing and expanding existing Group liquidity in order to further secure the Group's strategic and operational goals in the long term. The FP Group has existing cash and cash equivalents as well as credit facilities of up to 200 million euros at its disposal, which have only been drawn to a limited extent. FP's CEO Rüdiger Andreas Günther says: "FP is on the right track. This is also demonstrated by the positive feedback from business partners and banks that support our course. FP has a solid business model. I am therefore confident that we will steer the company well through the global crisis". The date and manner of this year' s Annual General Meeting is currently under review. For investor relations press enquiries, please contact: Maik Laske
Karl R. Thiel, Head of Brand PR
About Francotyp-Postalia:
18.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1048679 |
End of News | DGAP News Service |
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1048679 18.05.2020