FP with robust figures in the first nine months of 2020 despite corona pandemic
DGAP-News: Francotyp-Postalia Holding AG
/ Key word(s): Preliminary Results/9 Month figures
P R E S S R E L E A S E FP with robust figures in the first nine months of 2020 despite corona pandemic Preliminary figures: According to preliminary calculations, revenues for the first nine months of 2020 amounted to € 147.6 million (9M 2019: € 152.4 million). In the previous year, sales included high service revenues due to the postage increase in Germany. EBITDA reached € 19.5 million after € 21.0 million in the same period of the previous year. In the first nine months of 2020, FP generated free cash flow of € 7.1 million (9M 2019: € 0.6 million). Adjusted for investments in finance lease assets, M&A and payments for the ACT project JUMP, free cash flow reached € 11.7 million compared to € 7.0 million in the prior-year period. Rüdiger Andreas Günther, CEO of the FP Group, says: "Our company is showing a very robust development in the Corona year 2020. We have a solid business model and a good liquidity position. In recent months, the entire FP team has done an excellent job despite the difficult situation". FP confirms forecast for 2020, adjusted free cash flow now expected to be at previous year's level The stable development supports the view of the management that it has set the right strategic course for the FP Group in the long term. The company is well positioned in its core business, and its digital products hold considerable potential for the future. The FP Group confirms the forecast for revenue and EBITDA, which was specified when the half-year figures were published, and is increasing its free cash flow forecast (assuming exchange rates remain constant). FP continues to expect a decline in revenue to between € 195 million and € 203 million and EBITDA in a range of € 24 million and € 28 million for the full year 2020. For the adjusted free cash flow, FP now expects a level roughly on a par with the previous year. Due to the recent resurgence of the corona pandemic and the global countermeasures taken, uncertainty about the further course of business has increased once again.
09.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1146383 |
End of News | DGAP News Service |
|
1146383 09.11.2020