27.05.2021 Francotyp-Postalia Holding AG  DE000FPH9000

DGAP-News: Francotyp-Postalia Holding AG: FP with solid performance in the first quarter of 2021


 

DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarterly / Interim Statement
Francotyp-Postalia Holding AG: FP with solid performance in the first quarter of 2021

27.05.2021 / 08:59
The issuer is solely responsible for the content of this announcement.


P R E S S   R E L E A S E

FP with solid performance in the first quarter of 2021

- Revenue declines by 9.5% to EUR 51.5 million due to the pandemic situation
- EBITDA amounts to EUR 4.9 million, compared with EUR 8.0 million in the same quarter of the previous year
- Free cash flow increases to EUR 4.5 million as against EUR 0.0 million in the same quarter of the previous year


Berlin, 27 May 2021 - Francotyp-Postalia Holding AG (ISIN DE000FPH9000), today presented its figures for the first quarter of 2021. Despite the impact of the coronavirus pandemic, FP put in a robust business performance in the first three months while also working on the [email protected] transformation programme, which the Management Board unveiled only recently. The long-term aim is to transform the company into a sustainably profitable international technology group.

Consolidated revenue amounted to EUR 51.5 million in the first three months of this year, compared with EUR 57.0 million in the same quarter of the previous year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came to EUR 4.9 million, compared with EUR 8.0 million in the same quarter of the previous year. FP also generated a free cash flow of EUR 4.5 million in the last quarter, as against EUR 0.0 million in the same period of the previous year. It should be noted that the first quarter of the previous year was still virtually unaffected by the pandemic situation and was also better than average.

FP sees decline in franking business

Revenue in the traditional Franking and Office Solutions business fell by 14.5% to EUR 30.2 million. Revenue in the Mail Services business regarding the collection, franking and consolidation of business mail declined by 3.4% to EUR 16.6 million. The processed mail volume decreased slightly as expected. Meanwhile, revenue in the Software & BPA/IoT business developed positively. It grew by 6.3% to EUR 4.8 million. The pandemic situation resulted in substantial restrictions in the input and output management business, and Internet of Things (IoT) projects have been further delayed. However, the signature solution FP Sign saw an increase in business volume and positive development of the order pipeline.

The company is still positive about the digital sector. In the new growth areas, FP is pursuing a customer-centric approach to develop solutions and bring them to market. In this process, FP identifies sub-markets for solutions that will be tapped into with a focused approach. A successful example of this process is FP Sign, with tax consultants as the target market. Just recently, FP has entered into an important partnership with DATEV eG, the third-largest provider of business software in Germany and one of the major European IT service providers for tax consultants, auditors and lawyers. Tax consultants and their clients can thus digitally sign documents such as tax consulting contracts, tax returns and annual statements at the push of a button.

FP CEO Carsten Lind explains: "We made a solid start to the year given the difficult conditions. Nevertheless, further measures are necessary. Firstly, we must continue to adapt the cost structure to the revenue volume. Secondly, we must cultivate and expand the business areas that can at least compensate for the revenue decline in the Franking business. We are therefore hard at work on our transformation programme in order to successfully position FP for the future."

EBITDA margin of 9.6%

In the first quarter of 2021, the FP Group generated EBITDA of EUR 4.9 million. The EBITDA margin thus amounted to 9.6%, compared with 14.0% in the same period of the previous year. The revenue decline and lower own work capitalised had a negative effect. In contrast, initial savings in employee benefit expenses made a positive contribution to the development of EBITDA, as management structures were streamlined significantly. Employee benefit expenses decreased by 3.9% to EUR 15.4 million. The cost of materials decreased by 8.1% to EUR 25.8 million in the first three months of 2021, primarily as a result of the revenue decline in the Franking and Office Solutions business. Other operating expenses fell by 9.8% to EUR 7.8 million. Amortisation, depreciation and impairment declined by 16.9% to EUR 4.5 million. As a result of lower EBITDA, consolidated profit amounted to EUR 0.9 million in the first three months of 2021, compared with EUR 1.9 million in the same period of the previous year. Earnings per share (EPS) amounted to EUR 0.05 as against EUR 0.12 in the first three months of 2020.

Forecast for 2021 confirmed

2021 will be shaped by the transformation of the FP Group. For the year as a whole, the Management Board anticipates revenue of between EUR 185 and 196 million and EBITDA of EUR 6 to 12 million (EBITDA margin of 3% to 6%).

The company will push on with the restructuring in a targeted and speedy manner. With the [email protected] transformation programme, the Management Board is laying the foundations for a successful Group in the future. In the long term, the digital products in particular hold considerable potential for the future.

 

Key figures at a glance:

in EUR million Q1 2021 Q1 2020 Change
Revenue 51.5 57.0 -9.5%
Cost of materials 25.8 28.0 -8.1%
Employee benefit expenses 15.4 16.0 -3.9%
Other operating expenses 7.8 8.7 -9.8%
EBITDA 4.9 8.0 -38.3%
Amortisation, depreciation and impairment 4.5 5.4 -16.9%
Consolidated profit 0.9 1.9 -52.7%
Earnings per share (in EUR) 0.05 0.12 -54.5%
Free cash flow 4.5 0.0 n/a
 



For Investor Relations press enquiries, please contact:
Anna Lehmann

Tel.: +49 (0) 30 220 660 410
E-mail: [email protected]
 

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 and 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 2020.




Contact:
Francotyp-Postalia Holding AG

Anna Lehmann

Telefon: +49 (0)30 220 660 410
Telefax: +49 (0)30 220 660 425
E-Mail: [email protected]


27.05.2021 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.

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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: [email protected]
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: 1200828

 
End of News DGAP News Service

1200828  27.05.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 202,97 206,34 204,21 209,09 195,85 203,70 234,00
EBITDA1,2 27,22 26,32 17,07 33,31 7,95 18,45 27,10
EBITDA-Marge3 13,41 12,76 8,36 15,93 4,06 9,06 11,58
EBIT1,4 9,74 7,26 -0,27 5,90 -13,99 -0,66 7,60
EBIT-Marge5 4,80 3,52 -0,13 2,82 -7,14 -0,32 3,25
Jahresüberschuss1 6,20 4,65 0,90 1,70 -15,15 0,37 4,85
Netto-Marge6 3,05 2,25 0,44 0,81 -7,74 0,18 2,07
Cashflow1,7 22,13 21,25 24,24 23,05 22,77 15,07 19,00
Ergebnis je Aktie8 0,36 0,28 0,06 0,11 -0,94 0,02 0,24
Dividende8 0,16 0,12 0,03 0,00 0,00 0,00 0,03
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Francotyp-Postalia
WKN Kurs in € Einschätzung Börsenwert in Mio. €
FPH900 3,230 Kaufen 52,65
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,42 21,54 0,48 32,96
KBV KCV KUV EV/EBITDA
3,28 3,49 0,26 4,16
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 15.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.05.2022 01.09.2022 24.11.2022 28.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,92% 8,61% 5,21% 5,90%
    
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Spezialmaschinenbau , FPH900 , FPH , XETR:FPH