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07.06.2024 08:00:38 - dpa-AFX: EQS-News: Francotyp-Postalia releases first quarter figures for 2024 (english)
Francotyp-Postalia releases first quarter figures for 2024
EQS-News: Francotyp-Postalia Holding AG / Key word(s): Quarterly / Interim
Statement
Francotyp-Postalia releases first quarter figures for 2024
07.06.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Berlin, June 7, 2024 - Francotyp-Postalia Holding AG (ISIN DE000FPH9000)
increased its revenue from SaaS solutions in the first quarter of 2024 while
overall revenue and earnings declined.
FP generated consolidated revenue of EUR 59.7 million compared to EUR 63.8
million in the same quarter of the previous year (- 6.4%). Earnings before
interest, taxes, depreciation and amortization (EBITDA) reached EUR 6.6
million after EUR 8.7 million in the same period of the previous year (-
24.1%); the EBITDA margin thus reached 11.1%. Free cash flow amounted to EUR
9.1 million compared to EUR 4.5 million in the same quarter of the previous
year. Net debt was further reduced and amounted to EUR 5.8 million after EUR
14.4 million at the end of 2023.
Revenue in the Mailing, Shipping & Office Solutions area fell by 5.7% to EUR
36.2 million. While revenue from product sales remained stable at the
previous year's level, the after-sales business was impacted by the decline
in mail volumes. Based on a business model that remains robust with high
recurring revenue, the focus in 2024 will be on stabilizing the topline and
improving cost structures. This also includes focusing on a more sustainable
product range (circular economy).
As expected, the Mail Services division, which handles the collection,
franking and consolidation of business mail, recorded a 6.4% drop in revenue
to EUR 16.1 million. This also reflects the decline in mail volumes compared
to the previous year.
In the Digital Business Solutions area, revenue declined by 9.9% to EUR 7.3
million in the reporting period. The decline in revenue is due to output
management, which was impacted by the fall in letter volumes. The
implementation of new hardware and software, which was completed at the end
of 2023, expanded the range of services in order to automate and digitalize
customer processes even more in future. The sales successes of recent weeks
are reflected in the growing sales pipeline with new customer business,
which will also have an impact on revenue over the course of the year. Sales
of SaaS-based solutions are showing a pleasingly positive trend with an
increase of 40%. The continuous expansion of functionalities and the simple
and flexible integration into customers' business processes are making a
significant contribution to the success of the solutions.
Focus on transformation program
FP CEO Friedrich Conzen says: 'The development in the first quarter shows
once again that we must press ahead with the transformation. By focusing on
strengthening the value drivers in the business areas, flanked by the
adjustment of cost structures and strict cash flow management, we will
stabilize revenue and profitability in 2024.'
CFO Ralf Spielberger explains: 'As expected, the start to the new financial
year was associated with challenges. Nevertheless, the company is showing a
robust development, and we were once again able to significantly reduce
debt.'
Earnings per share of 0.17 Euro
In the first three months of 2024, the FP Group generated EBITDA of EUR 6.6
million compared to EUR 8.7 million in the same period of the previous year.
The EBITDA margin was therefore 11.1%. Personnel expenses fell slightly by
2.9% to EUR 16.6 million compared to the previous year. The cost of
materials also fell in the first three months, primarily as a result of the
decline in revenue, by 5.9% to EUR 28.6 million. Other operating expenses
fell by 5.8% to EUR 9.7 million in the first quarter of 2024 compared to the
same period of the previous year.
Depreciation, amortization and impairments decreased as expected by 9.1% to
EUR 4.0 million. EBIT therefore amounted to EUR 2.5 million compared to EUR
4.3 million in the previous year. Consolidated net income amounted to EUR
2.6 million compared to EUR -0.1 million in the same period of the previous
year. Earnings per share (EPS) amounted to EUR 0.17 compared to EUR -0.01 in
the same period of the previous year. The previous year's figures for the
comparative period Q1 2023 were adjusted in connection with a correction in
accordance with IAS 8.41 et seq. (The change is explained in note (9) of the
notes to the consolidated financial statements for 2023).
Forecast for 2024 confirmed
Business performance in 2024 will continue to be influenced by the difficult
macroeconomic conditions. In addition, market-specific developments in the
mail market remain challenging. The transformation will therefore continue
to be driven forward in 2024. Thanks to the realigned central project
management and focus on clear value drivers, the Management Board expects
the effects of the transformation to increase again over the course of the
year. Against this backdrop, the Management Board expects revenue and EBITDA
for the Group in the 2024 financial year to be at or slightly below the
previous year's level. The expected development of the financial performance
indicators for the 2024 financial year is generally based on the assumption
of constant exchange rates.
Key figures at a glance:
Disclaimer
Statements in this release that relate to the future development and
forecasts of the Group are based on our careful assessment of future events.
Additional negative macroeconomic developments may result in the actual
performance for the 2024 financial year deviating from the forecast figures.
For Investor Relations inquiries, please contact:
Dr. Monika Plum
Phone.: +49 (0)30 220 660 410
E-Mail: ir@francotyp.com
About Francotyp-Postalia:
Francotyp-Postalia Holding AG, a listed company based in Berlin, is the
holding company of the globally active FP Group (FP). FP is an expert in
solutions that make office and working life easier and more efficient. FP
has the following business divisions: Digital Business Solutions, Mailing,
Shipping & Office Solutions and Mail Services. In the Digital Business
Solutions division, FP optimizes customers' business processes and offers
solutions such as electronic signatures, hybrid mail, input/output
management for physical and digital documents and data-driven automation of
complex business processes. In the Mailing, Shipping & Office Solutions
division, FP is the world's third-largest provider of mailing systems and
the market leader in Germany, Austria, Scandinavia and Italy. FP is
represented in 15 countries with its own subsidiaries and in many other
countries with its own dealer network. In the Mail Services division, FP
offers the consolidation of business mail and is one of the leading
providers in Germany. In 2023, FP generated revenue of more than EUR 240
million.
Contact:
Francotyp-Postalia Holding AG
Investor Relations
Telefon: +49 (0)30 220 660 410
Telefax: +49 (0)30 220 660 425
E-Mail: ir@francotyp.com
---------------------------------------------------------------------------
07.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1920037 07.06.2024 CET/CEST
EQS-News: Francotyp-Postalia Holding AG / Key word(s): Quarterly / Interim
Statement
Francotyp-Postalia releases first quarter figures for 2024
07.06.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Berlin, June 7, 2024 - Francotyp-Postalia Holding AG (ISIN DE000FPH9000)
increased its revenue from SaaS solutions in the first quarter of 2024 while
overall revenue and earnings declined.
FP generated consolidated revenue of EUR 59.7 million compared to EUR 63.8
million in the same quarter of the previous year (- 6.4%). Earnings before
interest, taxes, depreciation and amortization (EBITDA) reached EUR 6.6
million after EUR 8.7 million in the same period of the previous year (-
24.1%); the EBITDA margin thus reached 11.1%. Free cash flow amounted to EUR
9.1 million compared to EUR 4.5 million in the same quarter of the previous
year. Net debt was further reduced and amounted to EUR 5.8 million after EUR
14.4 million at the end of 2023.
Revenue in the Mailing, Shipping & Office Solutions area fell by 5.7% to EUR
36.2 million. While revenue from product sales remained stable at the
previous year's level, the after-sales business was impacted by the decline
in mail volumes. Based on a business model that remains robust with high
recurring revenue, the focus in 2024 will be on stabilizing the topline and
improving cost structures. This also includes focusing on a more sustainable
product range (circular economy).
As expected, the Mail Services division, which handles the collection,
franking and consolidation of business mail, recorded a 6.4% drop in revenue
to EUR 16.1 million. This also reflects the decline in mail volumes compared
to the previous year.
In the Digital Business Solutions area, revenue declined by 9.9% to EUR 7.3
million in the reporting period. The decline in revenue is due to output
management, which was impacted by the fall in letter volumes. The
implementation of new hardware and software, which was completed at the end
of 2023, expanded the range of services in order to automate and digitalize
customer processes even more in future. The sales successes of recent weeks
are reflected in the growing sales pipeline with new customer business,
which will also have an impact on revenue over the course of the year. Sales
of SaaS-based solutions are showing a pleasingly positive trend with an
increase of 40%. The continuous expansion of functionalities and the simple
and flexible integration into customers' business processes are making a
significant contribution to the success of the solutions.
Focus on transformation program
FP CEO Friedrich Conzen says: 'The development in the first quarter shows
once again that we must press ahead with the transformation. By focusing on
strengthening the value drivers in the business areas, flanked by the
adjustment of cost structures and strict cash flow management, we will
stabilize revenue and profitability in 2024.'
CFO Ralf Spielberger explains: 'As expected, the start to the new financial
year was associated with challenges. Nevertheless, the company is showing a
robust development, and we were once again able to significantly reduce
debt.'
Earnings per share of 0.17 Euro
In the first three months of 2024, the FP Group generated EBITDA of EUR 6.6
million compared to EUR 8.7 million in the same period of the previous year.
The EBITDA margin was therefore 11.1%. Personnel expenses fell slightly by
2.9% to EUR 16.6 million compared to the previous year. The cost of
materials also fell in the first three months, primarily as a result of the
decline in revenue, by 5.9% to EUR 28.6 million. Other operating expenses
fell by 5.8% to EUR 9.7 million in the first quarter of 2024 compared to the
same period of the previous year.
Depreciation, amortization and impairments decreased as expected by 9.1% to
EUR 4.0 million. EBIT therefore amounted to EUR 2.5 million compared to EUR
4.3 million in the previous year. Consolidated net income amounted to EUR
2.6 million compared to EUR -0.1 million in the same period of the previous
year. Earnings per share (EPS) amounted to EUR 0.17 compared to EUR -0.01 in
the same period of the previous year. The previous year's figures for the
comparative period Q1 2023 were adjusted in connection with a correction in
accordance with IAS 8.41 et seq. (The change is explained in note (9) of the
notes to the consolidated financial statements for 2023).
Forecast for 2024 confirmed
Business performance in 2024 will continue to be influenced by the difficult
macroeconomic conditions. In addition, market-specific developments in the
mail market remain challenging. The transformation will therefore continue
to be driven forward in 2024. Thanks to the realigned central project
management and focus on clear value drivers, the Management Board expects
the effects of the transformation to increase again over the course of the
year. Against this backdrop, the Management Board expects revenue and EBITDA
for the Group in the 2024 financial year to be at or slightly below the
previous year's level. The expected development of the financial performance
indicators for the 2024 financial year is generally based on the assumption
of constant exchange rates.
Key figures at a glance:
in EUR million Q1 2024 Q1 2023 Change
Revenue 59.7 63.8 -6.4 %
Cost of materials 28.6 30.4 -5.9 %
Employee benefit expenses 16.6 17.1 -2.9 %
Other expenses 9.7 10.3 -5.8 %
EBITDA 6.6 8.7 -24.1 %
Amortisation, Depreciation and Impairment 4.0 4.4 -9.1 %
Consolidated profit 2.6 -0.1 n.a.
Earnings per share (in EUR) 0.17 -0.01 n.a.
Free Cashflow 9.1 4.5 102.2 %
Disclaimer
Statements in this release that relate to the future development and
forecasts of the Group are based on our careful assessment of future events.
Additional negative macroeconomic developments may result in the actual
performance for the 2024 financial year deviating from the forecast figures.
For Investor Relations inquiries, please contact:
Dr. Monika Plum
Phone.: +49 (0)30 220 660 410
E-Mail: ir@francotyp.com
About Francotyp-Postalia:
Francotyp-Postalia Holding AG, a listed company based in Berlin, is the
holding company of the globally active FP Group (FP). FP is an expert in
solutions that make office and working life easier and more efficient. FP
has the following business divisions: Digital Business Solutions, Mailing,
Shipping & Office Solutions and Mail Services. In the Digital Business
Solutions division, FP optimizes customers' business processes and offers
solutions such as electronic signatures, hybrid mail, input/output
management for physical and digital documents and data-driven automation of
complex business processes. In the Mailing, Shipping & Office Solutions
division, FP is the world's third-largest provider of mailing systems and
the market leader in Germany, Austria, Scandinavia and Italy. FP is
represented in 15 countries with its own subsidiaries and in many other
countries with its own dealer network. In the Mail Services division, FP
offers the consolidation of business mail and is one of the leading
providers in Germany. In 2023, FP generated revenue of more than EUR 240
million.
Contact:
Francotyp-Postalia Holding AG
Investor Relations
Telefon: +49 (0)30 220 660 410
Telefax: +49 (0)30 220 660 425
E-Mail: ir@francotyp.com
---------------------------------------------------------------------------
07.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
Germany
Phone: +49 (0)30 220 660 410
Fax: +49 (0)30 220 660 425
E-mail: ir@francotyp.com
Internet: www.fp-francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1920037
End of News EQS News Service
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1920037 07.06.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
FRANCOTYP-POSTALIA HLDG | FPH900 | Frankfurt | 2,520 | 25.06.24 08:09:55 | ±0,000 | ±0,00% | 0,000 | 0,000 | 2,520 | 2,520 |
