DGAP-News

Francotyp-Postalia Holding AG: Francotyp-Postalia grows in Q1 2016

DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Quarterly / Interim
Statement/Quarterly / Interim Statement
Francotyp-Postalia Holding AG: Francotyp-Postalia grows in Q1 2016

25.05.2016 / 07:03
The issuer is solely responsible for the content of this announcement.

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Corporate news
Francotyp-Postalia grows in Q1 2016

- Increase in revenues by 3.7% to EUR51.3 million

- EBITDA at previous year's level: EUR8.2 million

- Positive free cash flow of EUR1.6 million

- Company confirms forecast for the year as a whole

Berlin, 25 May 2016. Francotyp-Postalia Holding AG, a Digital Mailroom
provider, has started the fiscal year 2016 as expected. In the
traditionally strong first quarter, the company increased its revenues by
3.7% to EUR51.3 million. Despite a growing headwind from the stronger euro,
the company asserted itself in the traditional business with franking
machines. Here, revenues amounted to EUR32.2 million compared to EUR32.3
million in the same period of the previous year. This stable performance
was primarily the result of the ongoing strong demand for the PostBase
franking system. Following the successful introduction of the PostBase One
and PostBase 100 franking systems in Germany, their introduction in key
countries - the US and the UK - is also planned for the current year. In
the new business areas, the FP Group increased its revenues by 11.6% to
EUR19.1 million in the first quarter of 2016. The Mail Services segment
relating to the collection, franking, sorting and delivery of postage
discounted business mail was a key contributor to this success. Revenues
increased here by 15.0% to EUR15.3 million, also as a result of the
increase in postal charges as of 1 January 2016. Revenues in the Software
segment remained at the previous year's level of EUR3.9 million.

Operating result at the previous year's level
In the first quarter of 2016, the FP Group achieved EBITDA of EUR8.2
million and thus repeated the strong quarterly figures of the previous
year. As expected, depreciation and amortisation rose by EUR0.2 million to
EUR4.2 million in this period. Operating earnings (EBIT) remained at the
level of the previous year (EUR4.0 million).

The other financial result fell to EUR0.1 million compared to EUR1.8
million in the same period of 2015. In the previous year, the FP Group
particularly benefited from positive exchange rate effects on the
revaluation of consolidated balance sheet items at the end of the reporting
period. The FP Group thus generated consolidated net income of EUR2.5