Francotyp-Postalia publishes half-year figures

EQS-News: Francotyp-Postalia Holding AG / Key word(s): Half Year Report Francotyp-Postalia publishes half-year figures 29.08.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Francotyp-Postalia publishes half-year figures: Revenue and earnings down, EBITDA margin stable, free cash flow increases significantly

Berlin, 29 August 2024 - Francotyp-Postalia Holding AG (ISIN DE000FPH9000) recorded a decline in revenue and earnings in a difficult market environment in the first half of 2024.

In the first six months of the current financial year, FP generated consolidated revenue of EUR 116.2 million compared to EUR 124.6 million in the same period of the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 14.1 million after EUR 15.3 million in the same period of the previous year; the EBITDA margin thus reached 12.1%. Free cash flow increased significantly to EUR 10.7 million compared to EUR 5.5 million in the same period of the previous year. Net debt was further reduced to EUR 4.2 million after EUR 14.4 million at the end of 2023.

Revenue in the Mailing, Shipping & Office Solutions area fell by 4.1% to EUR 72.3 million. While revenue from product sales increased, the after-sales business was again affected by the declining letter volume. Based on the solid business model with high recurring revenues, the focus is on stabilizing revenue and increasing cost efficiency.

Revenue in the Mail Services area, which covers the collection, franking and consolidation of business mail, decreased by 9.3% to EUR 30.8 million. This segment also reflects the declining letter volumes in Germany.

Revenue in the Digital Business Solutions area declined by 13.2% to EUR 13.0 million in the reporting period. This was mainly due to a further decline in output management. The positive development in SaaS solutions continued: revenue from SaaS solutions grew by 29.9% in the first half of the year compared to the same period of the previous year. However, the share of SaaS revenues in absolute terms still plays a minor role in relation to FP's total revenue. In addition to FP Sign and the e-Justice solutions, FP Parcel Shipping, which has now been launched in four countries, and FP TRAXsuite also contribute to the positive business development.