Q1/2015: Good Start into the FY 2015

Gelsenkirchen, 11 May 2015 – Masterflex SE started the new 2015 financial year quite successfully. In the first three months of 2015, revenue with high-tech hoses and connection systems increased by 4.8% to € 16.8 million compared to the first quarter of 2014, which was already exceptionally strong.

Operating earnings developed somewhat more slowly: With EBIT of € 1.7 million (previous year: € 2.1 million), the Masterflex Group did not quite achieve its own targets in Q1, even though the EBIT margin remained in double-digit figures as expected at 10.0%. The gratifying growth in revenue is shared between the Masterflex Group’s product brands and nearly all locations. The expansion of business was only less straightforward at the Russian joint venture because of currency effects, and, as things stand, this will remain the case for a while.

Dr. Andreas Bastin, Chief Executive Officer of the Masterflex Group: “The chief reason for the somewhat weaker than expected operating earnings was staff costs. In addition to the expansion of production capacity driven by higher revenue, legal changes and adjustments in wages also contributed to this. We are confident that we will compensate for this increase in the course of the year with correspondingly higher revenue and thus be able to fulfil our earnings forecast for 2015.”

2015 also started promisingly in respect to innovations. “Even if I cannot present you anything specific at this particular moment for various reasons, there are several very promising new products at a good stage of development,” said Bastin.

The next big event is the Annual General Meeting on 16 June 2015, which for the first time in the history of the Masterflex Group is being held at a new location this year: Veltins-Arena in Gelsenkirchen. Admission to the AGM will begin at 10 am on 16 June.