11.05.2022 Masterflex SE  DE0005492938

DGAP-News: Masterflex with strong growth in the first quarter of 2022 - operational EBIT increases by 38.7%


 

DGAP-News: Masterflex SE / Key word(s): Quarter Results/Quarterly / Interim Statement
Masterflex with strong growth in the first quarter of 2022 - operational EBIT increases by 38.7%

11.05.2022 / 07:30
The issuer is solely responsible for the content of this announcement.


Masterflex with strong growth in the first quarter of 2022 - operational EBIT increases by 38.7%

- Significant revenue and EBIT growth in the first quarter of 2022

- Consolidated revenue increased by 22.5% to EUR 23.9 million

- Consolidated operational EBIT at EUR 3.1 million, 38.7% above previous year

- EBIT margin increased to 12.8% (3M/2022: 11.3%)

- Order backlog rises further to EUR 26.7 million

Gelsenkirchen, May 11, 2022 - The Masterflex SE (ISIN: DE0005492938) recorded a dynamic start to the 2022 financial year, generating revenue of EUR 23.9 million in the first quarter, compared with EUR 19.5 million in the same period of the previous year. This corresponds to a year-on-year increase in revenue of 22.5%.

All markets and industries addressed by Masterflex contributed to the growth. Masterflex grew particularly strongly in North America and in the aviation business in the first quarter of 2022. Due to the high order backlog, significantly more high-tech hoses were sold than in the same period of the previous year, which was impacted by the Corona pandemic. The order backlog also continued to grow at a double-digit rate in the first quarter, reaching EUR 26.7 million as of March 31, 2022, compared to EUR 22.9 million as of December 31, 2021. The continued strong order situation underpins the revenue and earnings targets for 2022.

The successful implementation of the Back to Double Digit program (B2DD) is taking full effect as planned. This is particularly reflected in significantly higher profitability in the first quarter. At EUR 3.1 million, consolidated operational EBIT was 38.7% higher in the first quarter of 2022 than in the same period of the previous year (3M/2021: EUR 2.2 million). This corresponds to an EBIT margin in the Group of 12.8%, compared with 11.3% in the first quarter of 2021. The main reasons for the increased EBIT are margin improvements due to volume growth as well as cost discipline and productivity improvements. In addition, the share of high-margin medical technology in total revenue increased to 18% (3M/2021: 17%). The bottom line was a net profit of EUR 2.1 million, representing growth of 41.2% compared with the previous year’s figure of EUR 1.5 million. Consolidated earnings per share for the first three months thus amounted to EUR 0.22, compared to EUR 0.16 in the first quarter of 2021.

Dr. Andreas Bastin, CEO of the Masterflex Group: "We have had a successful start to the year. The first quarter underpins our ambition to achieve a double-digit EBIT margin this year. In addition, the growing order backlog gives us confidence that the positive development will continue. Although the geopolitical situation in particular presents us with certain uncertainties and challenges, especially with regard to the availability of raw materials and energy prices, the continuing good order situation combined with active and flexible cost management makes us fundamentally optimistic for the rest of the year. We are well on track to achieve the targets we have set ourselves for 2022."

Forecast 2022 reaffirmed

For the rest of the year, the Corona pandemic has become less disrupting, apart from a few isolated cases of higher sickness rates at individual sites. However, certain uncertainties remain regarding the further course of the Covid-19 pandemic. With regard to the war in Ukraine, there are hardly any direct effects on Masterflex, as traditionally only a small volume of revenue is generated in Russia and Ukraine. The indirect consequences mainly concern energy and raw material prices and the availability of raw materials. Masterflex has taken precautions to meet these challenges and is in permanent exchange with critical suppliers. Despite all the challenges, the order backlog and order intake continue to indicate a positive development in the financial year 2022. In view of the very good development in the first quarter, Management confirms the forecast for 2022, which expects an increase in revenue to between EUR 83 million and EUR 87 million. At the same time, thanks to the significantly improved EBIT margin of 12.8% in the first quarter, Management confirms the target of an operational EBIT in a range of EUR 8.3 to 9.0 million.

Selected key figures in EUR thousand 03/31/2022 03/31/2021 Change
Consolidated revenue 23,903 19,512 22.5%
EBITDA 4,276 3,404 25.6%
EBIT (operational) 3,058 2,205 38.7%
EBIT margin (operational) 12.8% 11.3%  
EBIT 2,999 2,205 36.0%
Consolidated result 2,109 1,494 41.2%
Consolidated earnings per share (EUR) 0.22 0.16 37.5%
 
  03/31/2022 12/31/2021 Change
Consolidated equity 47,222 44,977 5.0%
Group equity ratio 57.0% 56.7%  
Consolidated total assets 82,913 79,286 4.6%
 

Conference Call:

A conference call for media, analysts and institutional investors will be held today at 10:00 am (CEST). The quarterly statement and a company presentation on the financial figures for the first quarter of 2022 will also be published on www.masterflexgroup.com in the Investor Relations section.


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 GmbH

Susan Hoffmeister

Phone: +49 (0) 89 125 09 03-33

E-mail: [email protected]

www.crossalliance.de



11.05.2022 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: Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 970770
Fax: +49 (0)209 9707733
E-mail: [email protected]
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: 1346915

 
End of News DGAP News Service

1346915  11.05.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 74,68 77,24 79,97 71,88 79,07 100,27 101,12
EBITDA1,2 10,26 9,59 9,66 7,89 10,67 16,44 17,87
EBITDA-Marge3 13,74 12,42 12,08 10,98 13,49 16,40
EBIT1,4 6,60 6,10 4,54 2,34 5,34 11,39 12,30
EBIT-Marge5 8,84 7,90 5,68 3,26 6,75 11,36 12,16
Jahresüberschuss1 4,30 3,22 2,44 0,80 3,30 7,83 8,04
Netto-Marge6 5,76 4,17 3,05 1,11 4,17 7,81 7,95
Cashflow1,7 8,34 4,68 6,60 11,55 6,81 10,11 12,36
Ergebnis je Aktie8 0,45 0,35 0,26 0,08 0,34 0,81 0,83
Dividende8 0,07 0,07 0,07 0,08 0,12 0,20 0,05
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
Masterflex
WKN Kurs in € Einschätzung Börsenwert in Mio. €
549293 10,550 Kaufen 102,89
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,34 17,05 0,59 22,74
KBV KCV KUV EV/EBITDA
1,88 8,32 1,02 6,49
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,20 0,25 2,37 12.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 07.08.2024 06.11.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
11,26% 18,37% 26,20% -12,08%
    
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Kunststoffe , 549293 , MZX , XETR:MZX