Francotyp-Postalia Holding AG: FP confirms preliminary figures for first six months of 2019

DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Half Year Results Francotyp-Postalia Holding AG: FP confirms preliminary figures for first six months of 2019 29.08.2019 / 09:00 The issuer is solely responsible for the content of this announcement. P R E S S  R E L E A S E FP confirms preliminary figures for first six months of 2019 - Total revenue reaches EUR 99.0 million - Strong growth in Software/Digital segment of 20.6% - Adjusted EBITDA reaches EUR 13.1 million - Adjusted free cash flow at EUR 4.0 million Berlin, 29 August 2019 - Francotyp-Postalia (FP), the expert in secure mail business and secure digital communication processes (ISIN DE000FPH9000), today published its report on the first six months of 2019. FP therewith confirms the preliminary results the company has already released on August 22, 2019. In the first half of fiscal 2019, FP generated revenue of EUR 99.0 million compared to EUR 104.8 million in the same period of the previous year. Adjusted for currency effects, revenue amounted to EUR 97.4 million. Especially negative developments in the Mail Service Segment weighted on revenues, whereas the Software/Digital segment grew by 20.6% to a total of EUR 8.9 million (H1 2018: EUR 7.4 million). FP generated an EBITDA of EUR 11.6 million in the reporting period as against EUR 12.8 million in the same period of the previous year. Adjusted for positive exchange rate effects (EUR 0.8 million) as well as extraordinary expenses for the ACT-project JUMP (EUR 2.2 million), EBITDA amounted to EUR 13.1 million in the first half of 2019 compare to 13.7 million in the same period of the previous year. This corresponds to an adjusted EBITDA margin of 13.4%, after 13.1% in the same period of the previous year. The company generated a free cash flow of EUR -1.3 million (H1 2018: EUR 0.0). Adjusted for investments in finance lease assets and M&A, and for expenditure for the ACT project JUMP, the FP Group generated an adjusted free cash flow of EUR 4.0 million compared to EUR 3.5 million in the same period of the previous year. FP expects revenue for the full fiscal year of 2019 to come in slightly higher than previous year's level and a strong increase in adjusted EBITDA Based on the adjusted guidance for the full year 2019 that has been published on August 22, 2019, FP expects revenue for the full fiscal year of 2019 to come in slightly higher than previous year's level. At the same time, FP still expects a strong increase for EBITDA year on year, when adjusted for expenses for the ACT project JUMP. With further investments in ACT and new products and services, the FP Group expects that the adjusted free cash flow for the financial year 2019 will be positive, yet considerably lower than in the previous year. The anticipated development of the financial performance indicators for financial year 2019 is based on the assumption of constant exchange rates. Key figures at a glance: In EUR million H1 2019 H1 2018 Revenue 99.0 104.8 Cost of materials 48.9 52.3 Staff costs 30.6 31.0 Other expenses 18.7 17.7 EBITDA 11.6 12.8 Adjusted EBITDA 13.1 13.7 EBIT 0.7 4.2 Consolidated net income 0.6 3.1 Earnings per share (in EUR, basic/diluted) 0.04 0.20 Free cash flow -1.3 0.0 Adjusted free cash flow 4.0 3.5   For press enquiries, please contact: Till Gießmann, Head of Investor Relations Tel.: [phone] E-mail: [e-mail] Karl R. Thiel, VP of Corporate Communications Tel.: [phone] E-mail: [e-mail] Follow us on social media: Facebook, LinkedIn, Twitter, Xing and YouTube. Or subscribe to our RSS feed. About Francotyp-Postalia (FP) The FP Group, a listed international company headquartered in Berlin, is an expert in secure mail business and secure digital communication processes. As the market leader in Germany and Austria, the FP Group offers digital solutions in addition to products and services for the consolidation of business mail and efficient mail processing for companies and public authorities in its "Software", "Mail Services" and "Franking/Inserting" product segments. The Group generated revenue of more than EUR 200 million in 2018. Francotyp-Postalia is represented in ten countries with its own subsidiaries and in a further 40 countries via its own network of dealers. Thanks to a history spanning more than 96 years, FP has a unique DNA in the fields of actuator and sensor technology, cryptography and connectivity. FP has a global market share in franking systems of more than 11%. Contact: Francotyp-Postalia Holding AG Till Gießmann Head of Investor Relations Telefon: [phone] Telefax: [phone] E-Mail: [e-mail] 29.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Francotyp-Postalia Holding AG
	Prenzlauer Promenade 28
	13089 Berlin
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	864663

End of News	DGAP News Service

864663  29.08.2019