DGAP-News

Francotyp-Postalia Holding AG: FP Group increases revenue and earnings for first half of the year - Seite 2

exchange rate effect and one-off expenses in relation to the abandonment of
the Singapore subsidiary's business operations. On balance, the
consolidated net income for the second quarter was EUR 0.5 million.
Earnings per share improved to EUR 0.24 during the first six months
compared with EUR 0.18 in the first half of 2014.

Free cash flow - the balance of cash inflows from operating activities and
cash outflows from investing activities - amounted to EUR -0.6 million in
the first six months of 2015 compared with the previous year's figure of
EUR -1.1 million. The negative cash flow stems from high levels of planned
investment and the increase in inventories and trade receivables.

FP Group confirms forecast for 2015

In light of the positive overall performance, the FP Group is confirming
its forecast for 2015 as a whole. The FP Group expects an increase in
revenue to between EUR 173 million and EUR 177 million as well as an
increase in EBITDA to between EUR 24 million and EUR 25 million. The EBIT
is expected to be down on the previous year as a consequence of the
increased depreciation due to higher investment. The Group also anticipates
an significantly improved and positive free cash flow. This forecast does
not yet include any one-time expenses for the realignment of customer
service in Germany.

"The FP Group is developing well and we are gradually and consistently
improving our company's financial strength and profitability," explained FP
CEO and CFO Hans Szymanski. Successes in international leasing markets, as
well as in software and mail services business, demonstrate the
effectiveness of the FP strategy. "We have laid a good foundation from
which to achieve our goals for the coming years," declared Szymanski.

Key figures at a glance:

Half-year figures

in EUR million                     H1   2015        H1  2014        Change
Revenue                                 95.2            84.6         12.5%
EBITDA                                  14.3            11.8         21.0%
EBIT                                     6.1             5.7          7.2%
Consolidated net income                  4.0             2.9         37.3%
Earnings per share (in EUR)             0.24            0.18         30.9%
Free cash flow                          -0.6            -1.1         53.2%

Quarterly figures

in EUR million                      Q2 2015         Q2 2014         Change
Revenue                                45.7            40.2          13.7%
EBITDA                                  6.2             5.1          21.0%
EBIT                                    2.1             2.0           2.9%
Consolidated net income                 0.5             1.0         -50.4%