Masterflex SE: Demand and growth picking up again
• Q2 with an increase in revenue of 6.4%
• Total growth of 2.5% in the first six months
• Results of operations largely stable
Gelsenkirchen, 12 August 2013: In the first six months Masterflex SE has been able to return to the growth path pursued in recent years. In Q2 alone, revenue attained by the manufacturer of high tech hoses and connector systems rose by 6.4 percent. The bottom line is that after a weak start in Q1, revenue totalled €29 million in the first six months, around 2.5 percent more compared to the previous year.
Dr. Andreas Bastin, Masterflex CEO said: “Despite the downbeat tones being heard all round the euro zone, we are experiencing growth again. That is clear confirmation of our strategy. Our internationalisation policy is showing the first signs of clearly measurable successes. Nevertheless, we will not slacken the pace of our efforts – because we still have a long way to go to become global market leader in our specialist markets. At the moment we are paving the way with particular regard to building up our sales and marketing. And this proactive stance will gradually pay off with increasing sales. These up-front costs of internationalisation are nevertheless essential in order to be successful in the long term”.
In addition, under the second pillar of growth strategy, another Masterflex Group milestone was achieved: the launch of the innovative PA Duopart® hose in spring, which was well received by customers. Of particular note is the fact that, thanks to a special manufacturing process, the polyamide hose is welded in separate sections and not over its entire length (see image). This is particularly significant in pneumatic applications for making air-tight seals to the couplings.
The next Masterflex product innovation will be launched in the autumn.
The financial figures for the first half year 2013
| 30.06.2013 | 30.06.2012 | Change | |||
|---|---|---|---|---|---|
| Consolidated revenue (k€) | 28,966 | 28,261 | + 2.5% | ||
| EBITDA (k€) | 4,568 | 5,295 | -13.7% | ||
| EBIT (k€)* | 3,302 | 4,013 | -17.7% | ||
| EBT (k€) | 2,443 | 3,231 | -24.4% | ||
| Consolidated earnings from continued business units (k€)** | 1,550 | 2,053 | -24.5% | ||
| Consolidated earnings from discontinued business units (k€) | 2 | -14 | |||
| Consolidated net income/loss(k€) | 1,470 | 1,940 | -24.2% | ||
| Earnings per share from continued business units (€) | 0.17 | 0.22 | -22.7% | ||
| 0.00 | 0.00 | ||||
| Earnings per share (€) | 0.17 | 0.22 | -22.7% | ||
| EBIT margin | 11.4% | 14.2% | |||
| Employees | 525 | 485 | 8.2% | ||
| 30.06.2013 | 31.12.2012 | Change | |||
| Consolidated equity (k€) | 21,711 | 20,524 | 5.8% | ||
| Consolidated total assets (k€) | 54,922 | 52,435 | 4.7% | ||
| Consolidated equity ratio (%) | 39.5% | 39.1% | |||
| * Continued business units | |||||
| ** without minority interests |