DGAP-News

Masterflex SE business development exceeds plan - Medium-term double-digit EBIT margin target already almost achieved

DGAP-News: Masterflex SE / Key word(s): Quarter Results/Quarterly / Interim Statement Masterflex SE business development exceeds plan - Medium-term double-digit EBIT margin target already almost achieved 10.11.2021 / 07:32 The issuer is solely responsible for the content of this announcement. Masterflex SE business development exceeds plan - Medium-term double-digit EBIT margin target already almost achieved

- Growth in the 9-month period above plan

- Consolidated revenue 6.8% above previous year's level with EUR 59.6 million (9M/2020: EUR 55.8 million)

- Consolidated operational EBIT increases by 64.7% to EUR 5.8 million (9M/2020: EUR 3.5 million)

- High order backlog of EUR 15.4 million underlines sales and earnings targets

- Medium-term earnings target of "double digit" already almost achieved with 9.7% EBIT margin

- More exact and upwardly adjusted forecast for the full year

Gelsenkirchen, November 10, 2021 - The Masterflex Group nearly reached the pre-corona level of 2019 with revenue of EUR 59.6 million (9M/2020: EUR 55.8 million, 9M/2019: EUR 62.5 million). Compared to the previous year, the Masterflex Group was able to generate a revenue growth of 6.8%. Although not all customer industries have yet recovered from after-effects of the corona pandemic, overall growth has continued to gain momentum.

Considered in isolation, the Group was already able to return to its pre-corona level in terms of revenue in the third quarter at EUR 20.7 million (Q3/2020: EUR 18.4 euros, Q3/2019: EUR 20.6 million). The high order backlog of the Group at EUR 15.4 million as of September 30, 2021 (December 31, 2020: EUR 9.4 million) underlines the sales and earnings targets. At the same time, the successful implementation of the "Back to Double Digit" program (B2DD) is reflected in higher profitability. Thus, after nine months, the Masterflex Group is ahead of plan in terms of the targets set so far for the year 2021 as a whole.