Brief: Masterflex 9m EBITDA Up At 9.3 Million

Masterflex SE

10/11/2021 06:42

Nov 10 (Reuters) - MASTERFLEX SE  MZXG.DE :
    * BUSINESS DEVELOPMENT EXCEEDS PLAN - MEDIUM-TERM
DOUBLE-DIGIT
EBIT MARGIN TARGET ALREADY ALMOST ACHIEVED
    * 9M OPERATING EBIT ROSE 64.7 PERCENT TO 5.8 MILLION EUR
    * 9M EBITDA 9.3 MILLION EUR VERSUS 6.6 MILLION EUR YEAR AGO
    * 9M EPS 0.39 EUR VERSUS 0.15 EUR YEAR AGO
    * MEDIUM-TERM EARNINGS TARGET OF "DOUBLE DIGIT" ALREADY
ALMOST
ACHIEVED WITH 9.7% EBIT MARGIN
    * 9-MONTH ORDER BACKLOG OF EUR 15.4 MILLION UNDERLINES SALES
AND
EARNINGS TARGETS
    * 9-MONTH CONSOLIDATED NET INCOME EUR 3.8 MILLION (9M/2020:
EUR
1.4 MILLION)
    * OUTLOOK 2021: INCREASE IN REVENUE OF 2% TO 5%, IS ABOVE
UPPER
END OF TARGET RANGE
    * OUTLOOK 2021: REVENUE WITHIN A RANGE OF EUR 76 MILLION TO
EUR 78
MILLION
    * FULL ON TRACK TO ACHIEVE A DOUBLE-DIGIT EBIT MARGIN AGAIN
FROM
2022 ON
    * OUTLOOK 2021: OPERATING EBIT EXPECTED TO BE SIGNIFICANTLY
ABOVE
LEVEL OF FISCAL YEAR 2020 (EUR 3.2 MILLION) AND ABOVE LEVEL OF
FISCAL YEAR 2019 (EUR 5.1 MILLION)

Source text for Eikon:  ID:nEQ7yFSSRa 
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