Masterflex Group: Solid development in 3rd quarter – Management confirms forecast for 2020

· Focus on the growth industry of medical technology provides stability

· Consolidated revenue of EUR 55.8 million at upper end of forecast for 2020

· Group operating EBIT of EUR 3.5 million well in excess of forecast for 2020

· Further increase in liquidity and reduction in net debt

· Forecast for 2020 confirmed (revenues down 10-15%, operating EBIT of EUR 1.0-2.5 million)

· Generation of additional measures to achieve a double-digit EBIT margin by 2022

Gelsenkirchen, 2020-11-11
In the nine-month period, the Masterflex Group (ISIN DE0005492938), exceeded its earnings forecast for the 2020 financial year, increased its liquidity and reduced its net debt despite the expected downturn in revenue. This was mainly due to the stable development in the third quarter and the systematic implementation of the measures forming part of the “Back to Double Digit” (B2DD) optimisation programme that was launched in the previous year.

In the first nine months of the current financial year, the Masterflex Group generated revenue of EUR 55.8 million, down 10.8% on the figure of EUR 62.5 million recorded in the same period of the previous year. This places Masterflex at the upper end of its full-year forecast, which anticipated a downturn in revenue of between 10% and 15% as a result of the coronavirus pandemic. The demand situation in the aviation, automotive and mechanical engineering industries remains challenging. This development is being partially offset by the positive demand trend in the promising growth industries of medical technology, food and pharmaceuticals, where Masterflex Group’s hose systems are experiencing growing demand, due in part to the coronavirus pandemic. The focus on these sectors gives the Masterflex Group a degree of stability in challenging times.

More detailed information on the business development of our Group in the 3rd quarter can be found here:
https://www.masterflexgroup.com/investor-relations/news-events/detail/solid-development-in-3rd-quarter-2020/

Our exhibition dates 2020

Messe Situation

Trade fairs are important for all operative units of our group: this is where we meet long-standing business partners and customers as well as potential new customers. At trade fairs we can present our many years of know-how in the field of hose technology as well as our deep and broad portfolio of hoses and connection solutions, we present product innovations and developments and maintain contacts with the players in the respective industries.

Here you will find all trade fair dates of our group of companies: https://www.masterflexgroup.com (Use the filter-function in the top of the site.)

Leider wegen der Corona-Pandemie abgesagt: PaintExpo 2020!

Unfortunately APT cannot exhibit at PaintExpo, the world’s leading trade fair for industrial painting technology. It was scheduled to take place in Karlsruhe on April 21 and 22, 2020, but – after a temporary postponement – has now been cancelled due to the Corona pandemic.

APT’s products are in great demand in the painting industry because of their material-based outstanding properties and high manufacturing precision.

Interview

Here you can find an interview with the new managing director Martin Brück as part of the preliminary reporting for PaintExpo (in German language): https://www.paintexpo.de/interview.html

Click here to go to the website of the fair:
Logo PaintExpo 2020

Announcement: Management change at the end of 2019

APT Advanced Polymer Tubing GmbH has brought on board Martin Brück, who is experienced in the industry, as Managing Director on 23.09.2019. As of 01.01.2020 he will replace the previous management and continue the positive development of the company in a future-oriented way.

Read more about this in the official letter from Messrs Brück, Heuser and Kipping. Click here for the PDF document (in German language) “Change of Staff at APT“.

icon management change APT

 

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