Brief: Masterflex: FY EBITDA Down At EUR 9.6 Million

Masterflex SE

15/03/2019 07:02

March 15 (Reuters) - Masterflex SE  MZXG.DE :
    * FY OPERATING EBIT OF EUR 6.3 MILLION AFFECTED BY DELAYED REVENUE RECOGNITION
    * INCREASED REVENUES BY 3.4% FROM EUR 74.7 MILLION TO EUR 77.2 MILLION IN 2018
    * FY EBITDA OF EUR 9.6 MILLION AFTER EUR 10.3 MILLION IN PREVIOUS YEAR
    * FY NET INCOME FOR YEAR AMOUNTED TO EUR 3.4 MILLION AFTER EUR 4.3 MILLION IN PREVIOUS YEAR
    * OUTLOOK 2019: REVENUE GROWTH IN RANGE OF 3.0% TO 6.0% IS PLANNED
    * FURTHER MEASURES  IMPLEMENTED IN 2019 TO INCREASE PROFITABILITY, ESPECIALLY AT
SUBSIDIARIES,
WHICH HAVE SO FAR FAILED TO MEET DOUBLE-DIGIT EBIT MARGIN TARGE
    * FURTHER MEASURES  IMPLEMENTED IN 2019 TO INCREASE PROFITABILITY, ESPECIALLY AT
SUBSIDIARIES
    * POSITIVE EARNINGS EFFECTS SHOULD THEN BECOME VISIBLE IN 2020/2021
    * OUTLOOK 2019: OPERATING EBIT OF AT LEAST EUR 6.3 MILLION AGAIN
    * OUTLOOK 2019: OPERATING EBIT MARGIN SHOULD ALSO RISE SLIGHTLY AGAIN IN 2019

Source text for Eikon:  ID:nEQ8lMChHa 
Further company coverage:  MZXG.DE 

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