Francotyp-Postalia Holding AG: One-time effects impact EBITDA 2020
Ad hoc disclosure Publication of an ad hoc disclosure in accordance with Article 17 MAR
One-time effects impact EBITDA 2020
Berlin, 23. February 2021 - In the course of preparing the 2020 consolidated financial statements of Francotyp-Postalia Holding AG (ISIN DE000FPH9000), it became clear at today's Supervisory Board meeting that the expected earnings before interest, taxes, depreciation and amortization (EBITDA) of 24 to 28 million euros will not be achieved.
The projected EBITDA will be negatively impacted primarily by one-off items for restructuring measures (approx. EUR 9 million) and derecognition of intangible assets (approx. EUR 7 million). The Management Board expects EBITDA for the past fiscal year to be between EUR 7 million and EUR 8 million. Without these one-off effects, the prognosis would almost be reached. Furthermore, impairment losses on intangible and other assets of approximately EUR 2 million are expected, which will have an impact on earnings before interest and taxes. The revenue guidance of 195 million to 203 million euros is confirmed, and the same applies to free cash flow.
For the current year 2021, the Management Board expects a slight decline in revenue in the core franking business due to Corona. The restructuring measures are necessary in order to increase profitability in the future. The aim is to achieve annual cost savings exceeding EUR 10 million from 2022/2023. The first earnings contributions are expected as early as 2021, thus helping to achieve a sustained improvement in profitability (EBITDA).
Guidance on revenue, EBITDA and free cash flow for the 2021 financial year will be provided as part of the publication of the 2020 Annual Report on April 29, 2021. ?
For Investor Relations press enquiries, please contact: Anna Lehmann
Tel.: +49 (0) 30 220 660 410 E-mail: firstname.lastname@example.orgAbout Francotyp-Postalia: The international, listed FP Group, headquartered in Berlin, is an expert in secure mailing business and secure digital communication processes. As the market leader in Germany and Austria, the FP Group offers digital solutions as well as products and services for the consolidation of business mail and the efficient processing of mail for companies and authorities in the "Software", "Mail Services" and "Franking/Inserting" segments. The Group generated revenue of around EUR 210 million in 2019. Francotyp-Postalia has subsidiaries in ten different countries and is represented by its own trading network in a further 40 countries. With a company history spanning nearly 100 years, FP possesses a unique DNA in the areas of actuating elements, sensor systems, cryptography and connectivity. FP's global market share for franking systems is more than twelve percent.Contact: Francotyp-Postalia Holding AG Anna Lehmann Telefon: +49 (0)30 220 660 410 Telefax: +49 (0)30 220 660 425 E-Mail: email@example.com
23-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: firstname.lastname@example.org 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: 1170604 ? End of Announcement DGAP News Service