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Masterflex SE: targets for 2016 achieved

Gelsenkirchen (pta008/03.03.2017/08:59 UTC+1) According to preliminary figures, the Masterflex Group generated revenue of Eur 66.5 million in the last financial year from the production and consultancy-based sales of high-tech hoses and connection systems. This represents growth of 3.7%, which significantly exceeds the growth of the global economy in the last year (+2.8%). At Eur 6.1 million, the operating result (EBIT) climbed 24.5%, increasing substantially against EBIT in the previous year (Eur 4.9 million). This resulted in an EBIT margin of 9.2%. The Masterflex Group thus achieved the targets it had set itself in its forecast for 2016.

"This is a good result," emphasised Dr Andreas Bastin, CEO of the Masterflex Group. "It demonstrates the sustainable profitability of our business model. However, 2016 was a very demanding year for us all workwise. We took some important steps while at the same time initiating a large number of change processes for internal optimizations. We will continue resolutely on the path towards improved efficiency. For 2017 we will strive for a double-digit EBIT margin again," said Bastin.

Some non-recurring effects were recognised in 2016. Without these effects, adjusted EBIT amounted to Eur 5.9 million. These included expenses for legal advice in connection with reorganisation measures as well as for warranties relating to previous years amounting to Eur 0.2 million (non-operating expenses from continuing business units). In addition, expenses of approximately Eur 0.6 million were recognised as a result of the negative decision of the Düsseldorf Higher Regional Court (OLG Düsseldorf) relating to the sale of the fuel cell activities (expenses from discontinued business units).

The figures are still subject to confirmation by the auditor and approval by the Supervisory Board. The consolidated financial statements will be presented by the Executive Board at the financials press conference in Düsseldorf on 27 March 2017.


Emitter: Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Contact Person: Dr. Annette Littmann
Phone: +49 209 97077-0
ISIN(s): DE0005492938 (Share)
Stock Exchange(s): Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart