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Francotyp-Postalia Holding AG: Francotyp-Postalia grows in Q1 2016 - Seite 2

million in the first quarter 2016 after EUR3.5 million in the previous
year's first quarter. Earnings per share (undiluted) reached 15 cents
after 21 cents in the first quarter of 2015.

Positive free cash flow in the first quarter
Thanks to its innovative product portfolio, the FP Group has been
successful, especially on leasing markets. In the first quarter of 2016,
investments, particularly in leased inventories and capitalised development
cost, amounted to EUR4.2 million after EUR5.0 million in the previous year.
Cash flows from investing activities were offset by cash flows of EUR5.9
million from operating activities in the first quarter of 2016. Free cash
flow reached EUR1.6 million, compared with EUR2.6 million in the previous
year.

FP Group confirms forecast
As announced in April 2016, the FP Group is focusing on strengthening its
profitability, continuously developing the traditional business with
franking systems and expanding its new business areas in the current fiscal
year. On the assumption that exchange rates remain unchanged, the company
continues to anticipate a slight increase in revenues and EBITDA in
addition to positive free cash flow for 2016 as a whole.

FP Group CEO, Rüdiger Andreas Günther, explains: "Our company started 2016
as expected - but we could be even better. This is why we are sharpening
our growth strategy this year and will initiate measures in line with
operational excellence. Our company is characterised by a unique mix of
longstanding expertise in mail processing and digital know-how. We
therefore see opportunities to both grow against the market trend in our
traditional business and significantly advance on the markets of the
future. This is what we want and this is what we will become."

Overview of key figures:

in EUR million            Q1/2016              Q1/2015              Change
Revenue                                  51.3                 49.5    3.7%
EBITDA                                    8.2                  8.1    1.4%
EBIT                                      4.0                  4.0   -1.2%
Consolidated net income                   2.5                  3.5  -27.4%
Earnings per share (in                   0.15                 0.21  -28.5%
EUR)
Investment                                4.2                  5.0  -15.6%
Free cash flow                            1.6                  2.6  -36.7%
                          31 Mar. 2016                31 Dec. 2015
Net debt                                 18.5                 19.6   -5.6%
Number of employees                     1,049                1,048    0.1%

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