EQS-News

Masterflex SE presents Annual Report 2023 – Record earnings achieved

EQS-News: Masterflex SE / Key word(s): Annual Results/Forecast Masterflex SE presents Annual Report 2023 – Record earnings achieved 28.03.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Masterflex SE presents Annual Report 2023 – Record earnings achieved

• Group revenue at EUR 101.1 million (previous year: EUR 100.3 million)
• Record EBITDA of EUR 17.9 million (previous year: EUR 16.4 million) and operating EBIT of EUR 12.6 million (previous year: EUR 11.4 million)
• Operating EBIT margin significantly improved to 12.4% (previous year: 11.4%)
• Further improvement in balance sheet quality with 61.5% equity ratio (previous year: 57.6%)
• Dividend increase planned for 2023 to EUR 0.25 (previous year: EUR 0.20) per share
• Forecast for 2024: Group revenue of EUR 100 to EUR 107 million and EBIT of between EUR 12 and EUR 15 million expected

Gelsenkirchen, March 28, 2024 – Masterflex SE (ISIN: DE0005492938) today presented its audited consolidated financial statements for the 2023 financial year and confirms the preliminary figures published on March 11, 2024. Despite an overall challenging economic environment and the associated recessionary trends in some customer industries, Masterflex succeeded in achieving new record levels in earnings.

In the 2023 financial year, Masterflex SE generated revenue of EUR 101.1 million (previous year: EUR 100.3 million) and can look back on a successful and robust business development despite a noticeable economic headwind in some of its customer industries. Although revenue was slightly below the forecast range of EUR 103 million to EUR 110 million, primarily due to the increasing slowdown in demand in the traditional cyclically sensitive customer industries, EBITDA increased to a new record level of EUR 17.9 million (previous year: EUR 16.4 million). Operating EBIT also reached a new record level in the 2023 financial year, growing by 10.5% to EUR 12.6 million (previous year: EUR 11.4 million). The Masterflex Group succeeded in consolidating the operating EBIT margin in the double-digit range and increasing it from 11.4% in the previous year to 12.4% in the 2023 financial year, enabling the Group to achieve the middle of the forecast range of EUR 11.0 million to EUR 14.0 million in operating EBIT. Consolidated net income amounted to EUR 8.0 million in the reporting year (previous year: EUR 7.8 million). Basic and diluted earnings per share in accordance with IFRS improved to EUR 0.83 (previous year: EUR 0.81).