21.03.2023 Masterflex SE  DE0005492938

EQS-News: Masterflex SE at new record level in fiscal 2022 - significant dividend increase


 

EQS-News: Masterflex SE / Key word(s): Preliminary Results
Masterflex SE at new record level in fiscal 2022 - significant dividend increase

21.03.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Masterflex SE at new record level in fiscal 2022 - significant dividend increase

  • Group revenue of EUR 100.3 million (previous year: EUR 79.1 million) above the forecast range raised in the third quarter (EUR 92.0 to 96.0 million)
  • Group operating EBIT of EUR 11.4 million almost doubled compared to previous year (EUR 5.8 million) and also better than forecast (EUR 9.3 to 10.5 million)
  • EBIT margin well into double digits at 11.4%
  • Significant dividend increase to EUR 0.20 per share planned (previous year: EUR 0.12)
  • Sustained good order situation: Further growth also planned in 2023

Gelsenkirchen, March 21, 2023 - Masterflex SE (ISIN: DE0005492938) generated revenue of EUR 100.3 million in the 2022 financial year according to preliminary figures. This means that the specialist for innovative hose systems has not only reached a new record level, but also achieved the revenue target of EUR 100 million set for 2024 two years early. Compared to the previous year's revenue of EUR 79.1 million, the Group recorded growth of 26.8%. Operating EBIT increased by 97.7% to EUR 11.4 million in fiscal 2022, compared to EUR 5.8 million in 2021, resulting in a significant increase in the operating EBIT margin to 11.4% (previous year: 7.3%).

Thanks to the continued good demand in the fourth quarter, Masterflex SE's revenue and earnings are thus above the forecast that was raised in October. This forecast provided for revenue in the range of EUR 92.0 to 96.0 million and an operating EBIT of EUR 9.3 to 10.5 million. The pleasing revenue development reflects the stable demand in the addressed markets, above all in the aerospace, life science and medical technology sectors, but also in the traditional industries.

On the margin side, the productivity gains from the implemented B2DD program in particular had a noticeable impact, which in addition to economies of scale from higher sales volumes showed their full effect and contributed to achieving a sustainable double-digit EBIT margin in the financial year 2022. At the same time, the Group succeeded in largely offsetting the increased energy and material costs through the price adjustments agreed upon with customers.

At EUR 22.8 million, the order backlog as of December 31, 2022, was able to maintain the high level of the previous year (EUR 22.9 million). At the same time, Masterflex recorded a continued solid order intake. Against this backdrop, management expects growth to continue in the current year. The Management will provide a detailed outlook for the financial year 2023 in the context of the publication of the Annual Report 2022.

For the financial year 2022, the Management Board and Supervisory Board of Masterflex SE will propose to the Annual General Meeting on June 7, 2023 an increased dividend of EUR 0.20 per share (previous year: EUR 0.12 per share). The Group is thus continuing its dividend policy, which is designed to give shareholders a sustainable and appropriate share in the success of the company.

Dr. Andreas Bastin, CEO of the Masterflex Group, comments: "2022 was an intense and challenging year. We are all the more proud that we were able to achieve new record figures in the Group and, as promised, reach and consolidate our double-digit EBIT margin for the year as a whole, as well as bring forward our original revenue target of EUR 100 million in 2024 by a whole two years. We would therefore like to express our special thanks to all our employees for this outstanding performance. Thanks to a sustained good order situation, we are also confident about the current financial year 2023."
 

Notice:

The figures are still subject to confirmation by the auditors and approval by the Supervisory Board. The 2022 consolidated financial statements will be published on March 31, 2023. 

 

About Masterflex SE:

The Masterflex Group is an expert for 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 are internationalization, innovation, operational excellence and digitalisation. Masterflex shares (GSIN 549293, ISIN DE0005492938) have been listed in the Prime Standard of the German Stock Exchange since 2000.

 

IR Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Tel.: +49 (0) 89 125 09 03-33
[email protected]
www.crossalliance.de

 

 



21.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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: 1586681

 
End of News EQS News Service

1586681  21.03.2023 CET/CEST

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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 79,07 100,27 106,00
EBITDA1,2 10,26 9,59 9,66 7,89 10,67 16,44 16,46
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 11,20
EBIT-Marge5 8,84 7,90 5,68 3,26 6,75 11,36 10,57
Jahresüberschuss1 4,30 3,22 2,44 0,80 3,30 7,83 6,95
Netto-Marge6 5,76 4,17 3,05 1,11 4,17 7,81 6,56
Cashflow1,7 8,34 4,68 6,60 11,55 6,81 10,11 0,00
Ergebnis je Aktie8 0,45 0,35 0,26 0,08 0,34 0,81 0,78
Dividende8 0,07 0,07 0,07 0,08 0,12 0,20 0,05
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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 8,120 Kaufen 79,19
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,64 16,94 0,49 19,90
KBV KCV KUV EV/EBITDA
1,44 7,83 0,79 5,76
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,20 0,20 2,46 12.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 07.08.2024 08.11.2023 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,51% -12,66% -2,87% -9,38%
    
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Kunststoffe , 549293 , MZX , XETR:MZX