Brief: Masterflex Aims To Sustained Double-Digit Operating EBIT Margin From 2022

Masterflex SE

02/09/2019 07:07

Sept 2 (Reuters) - MASTERFLEX SE  MZXG.DE :
    * AIMS TO ACHIEVE SUSTAINED DOUBLE-DIGIT OPERATING EBIT
MARGIN
AGAIN FROM 2022 WITH OPTIMISATION PROGRAMME
    * REVENUE EXPECTED TO REACH AROUND EUR 100 MILLION IN 2023
    * EXPECTED EBIT OF EUR 6.4 MILLION IN 2019 TO RISE TO EUR
10.5
MILLION IN 2022
    * FURTHER EARNINGS CONTRIBUTIONS ARE TO BE GENERATED FROM
VOLUME
GROWTH AND PRICE EFFECTS OF EUR 9.7 MILLION NET AT OPERATING
EBIT LEVEL
    * NEW SYNDICATED LOAN AGREED WITH NOTICEABLY IMPROVED
CONDITIONS
    * MAIN COMPONENTS OF CONTRASTING POSITIVE EARNINGS
CONTRIBUTIONS
OF EUR 2.5 MILLION PER YEAR FROM 2022 ONWARDS ARE PERSONNEL COST
SAVINGS AND AN INCREASE IN PERSONNEL PRODUCTIVITY
    * THESE MEASURES SHOULD CONTRIBUTE EUR 1.4 MILLION TO
IMPROVING
EARNINGS
    * SEES AGREEMENT FOR SYNDICATED LOAN TO RESULT IN
IMPROVEMENTS IN
FINANCIAL RESULT OF AT LEAST EUR 0.1 MILLION PER YEAR FROM 2020
    * SAYS STRATEGIC GOAL IS TO DEVELOP GROUP TO A REVENUE
VOLUME OF
EUR 200 MILLION BY 2030

Source text for Eikon:  ID:nEQ1y98XNa 
Further company coverage:  MZXG.DE 

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