Annual General Meeting of Masterflex SE approves dividend of EUR 0.25 per
share

EQS-News: Masterflex SE / Key word(s): Dividend/AGM/EGM
Annual General Meeting of Masterflex SE approves dividend of EUR 0.25 per
share

05.07.2024 / 14:20 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Annual General Meeting of Masterflex SE approves dividend of EUR 0.25 per
share

Gelsenkirchen, July 05, 2024 - Masterflex SE (ISIN: DE0005492938), listed in
the Prime Standard of the Frankfurt Stock Exchange, today held its Annual
General Meeting 2024 in Gelsenkirchen.

The Shareholders' Meeting approved the Management Board and Supervisory
Board proposal and resolved a dividend per share of EUR 0.25 (previous year:
EUR 0.20) for the 2023 financial year. This means that a total of around EUR
2,404,583 (2022: EUR 1,923,667) of Masterflex SE's net retained profits of
EUR 21,419,446 will be distributed. The remaining net retained profits of
EUR 19,014,863 will be carried forward to new account.

The Annual General Meeting expressed its confidence in the members of the
Management Board and Supervisory Board of Masterflex SE for the 2023
financial year and approved all items on the agenda with large majorities.
In his speech, CEO Dr. Andreas Bastin particularly highlighted the record
operating EBIT of EUR 12.6 million achieved on the earnings side and the
profitability level of 12.4% completed with the corresponding operating EBIT
margin. Thanks to a successful start to the year in the first quarter of
2024, he also confirmed the forecast for the financial year 2024, which
envisages revenues in a range of EUR 100 million to EUR 107 million and EBIT
of between EUR 12 million and EUR 15 million.

As part of his medium to long-term outlook, Dr Bastin focused in particular
on the HERO@ZERO program for the future. As the market leader in the field
of hose and connection systems, Masterflex aims to gradually transform its
business model into a circular economy by 2035. The extended focus on the
second half of the product life cycle will create a new market for
Masterflex with corresponding positive impetus for medium to long-term
business development.

"We are proud that we have kept our promise to further expand profitability
with a year-on-year increase in the operating EBIT margin from 11.4% to
12.4% and that we have achieved new historic records for EBITDA and EBIT in
the financial 2023 year despite a thoroughly challenging environment. We are
entering the next growth phase for Masterflex with a revolutionary approach.
The transformation planned for the coming years utilizing the HERO@ZERO
future programme towards a circular economy means expanding the business
model to include services related to digitized hose and connection
technology with predictable revenue and reduced resource consumption. With
this expansion, our customers benefit from greater transparency in the
supply chain, cost reduction, waste reduction and, above all, a convenient
solution for future regulatory challenges. With our pioneering role in this
area, we are also further expanding our leading competitive position," says
Dr. Andreas Bastin, CEO of Masterflex Group.

The voting presence was 57.70%. Further information on the Annual General
Meeting 2024 and the detailed voting results are available for download at
www.masterflexgroup.com in the Investor Relations section.


About Masterflex SE:
The Masterflex Group specializes in the development and manufacture of
sophisticated connection and hose systems. With 14 operating units in
Europe, America and Asia, the Group is represented almost worldwide. Growth
drivers are internationalization, innovation, operational excellence and
digitalization. Masterflex shares (GSIN: 549293, ISIN: DE0005492938) have
been listed in the Prime Standard of the German Stock Exchange since 2000.

IR Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Tel.: +49 (0)89 125 09 03 33
sh@crossalliance.de
www.crossalliance.de


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05.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Masterflex SE
                   Willy-Brandt-Allee 300
                   45891 Gelsenkirchen
                   Germany
   Phone:          +49 (0)209 970770
   Fax:            +49 (0)209 9707733
   E-mail:         info@masterflexgroup.com
   Internet:       www.MasterflexGroup.com
   ISIN:           DE0005492938
   WKN:            549 293
   Indices:        Prime all share
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1937969

End of News EQS News Service
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1937969 05.07.2024 CET/CEST