DGAP-News

Francotyp-Postalia Holding AG: FP Group increases revenue and earnings for first half of the year

DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Half Year
Results/Half Year Results
Francotyp-Postalia Holding AG: FP Group increases revenue and earnings
for first half of the year

27.08.2015 / 06:33

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Corporate news

FP Group increases revenue and earnings for first half of the year

- Revenue grow by 12.5 percent to EUR 95.2 million

- EBITDA up 21.0 percent to EUR 14.3 million

Berlin, 27 August 2015. Francotyp-Postalia Holding AG, manufacturer of
franking machines and solutions provider for Digital Mailroom, increased
its revenue and earnings for the first half of 2015. Revenue during the
first six months of the current financial year reached EUR 95.2 million
compared with EUR 84.6 million a year earlier. This growth can be primarily
attributed to increased leasing business, as well as higher revenue from
mail services and software. The company also benefited from the weak state
of the euro and resulting positive exchange rate effect, which amounted to
EUR 5.1 million for the first half of 2015.

Key foreign markets such as the US and UK continued to develop positively.
The FP Group stepped up sales of its franking machines on the US leasing
market. Demand for the PostBase franking system on leasing markets such as
Italy and France was also very high. Revenue from international activities
increased to EUR 42.6 million overall, compared with EUR 36.0 million in
the first half of 2014. On the German domestic market, half-year revenues
climbed from EUR 47.0 million in the first six months of the previous year
to EUR 50.4 million.

Earnings before interest, taxes, depreciation and amortisation (EBITDA)
improved to EUR 14.3 million for the first half of 2015, compared with EUR
11.8 million a year earlier. This figure includes a currency effect of EUR
2.1 million. The EBITDA margin rose to 15 percent. Despite the sustained
high level of depreciation due to exchange business in leased machines in
the US, the EBIT figure, at EUR 6.1 million, was up on the previous year's
EUR 5.7 million.

The year-on-year increase in consolidated net income to EUR 4.0 million
(EUR 2.9 million) was essentially due to the improvement in other financial
income. Positive exchange rate effects on the revaluation of balance sheet
items on the reporting date helped boost other financial income for the
first six months, up from EUR 0.0 million to EUR 0.6 million. Meanwhile,
the financial result for the second quarter was negative with a contrary