MASTERFLEX – Technische Schläuche & Verbindungen

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MASTERFLEX – Technische Schläuche & Verbindungen

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MASTERFLEX – Technische Schläuche & Verbindungen
MASTERFLEX – Technische Schläuche & Verbindungen

Our Brands

Today, the Masterflex Group operates worldwide with six corporate brands. Each brand stands for highly specialized and sophisticated hose and connection solutions.

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Application Areas

Whether filigree tubes for medical technology produced in clean rooms, robust and efficient hoses for the transport of bulk goods or super-light and flame-retardant hoses for the aviation industry - the areas of application for our products and solutions are wide and varied. In all these applications, our flexible hoses and connection systems ensure essential functions, withstand special loads and meet the highest quality requirements.

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Masterflex

Masterflex develops and produces extruded spiral hoses, clip-on hoses and foil hoses as well as matching connection elements.

Masterduct

Masterduct offers spiral hoses in different variants in North and South America. A further speciality are noise-reducing air conditioning and ventilation hoses.

Matzen & Timm

Matzen & Timm manufactures special hoses, bellows and molded parts from high-quality synthetic rubber materials - by hand and mainly for the aviation industry.

Novoplast Schlauchtechnik

Novoplast Schlauchtechnik offers hoses, profiles as well as 2D-/3D-moulded hoses made of thermoplastics. The diameters range from 0.1 to 50 millimetres.

Fleima-Plastic

Fleima-Plastic stands for high-quality injection moulding technology. In addition to parts for standard medical applications, moulded parts and components are designed according to individual customer requirements.

APT

APT is the specialist for smooth and heat-shrinkable tubing and profiles made of fluoropolymers. The components are particularly suitable for laboratory and process engineering, painting technology or household appliances.

Our Brands
Application Areas

News & Events

Here you will find the latest news that may influence the performance of Masterflex shares. As well as dates for (partially) public communication on the share. Older news can be found in the archive.

Notification of Voting Rights  Directors Dealings

Despite corona-related revenue weakness Masterflex Group remains significantly profitable in H1 2020

 
  • Revenues down by 10.9% with good development in medical technology and food industry
  • Operating EBIT amounts to EUR 2.5 million

Gelsenkirchen, 12 August 2020 - With a decline in revenues of 10.9% to EUR 37.4 million in the first half of 2020, the growth course of the Masterflex Group, which had lasted ten years, was temporarily interrupted due to Corona. Continued positive development in the Masterflex Group's future markets such as medical and laboratory technology, life sciences and the food industry was unable to offset the fact that the effects of the COVID 19 pandemic and the challenging developments in the aviation, automotive and mechanical engineering industries led to an overall decline in revenues of 19.0% in Q2 2020. 

Dr. Andreas Bastin, CEO of Masterflex Group: "In our opinion, we saw the low point of revenue development in Q2, even though we expect the third quarter to remain challenging. Thanks to the optimisation programme we have already started in 2019 and additional cost-cutting measures in 2020, we were able to continue to operate profitably in such a difficult second quarter and to show a satisfying level of profitability for the entire first half of the year". Masterflex generated consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 4.7 million (previous year: EUR 5.6 million). Operating EBIT in the first half of the year amounted to EUR 2.5 million, compared with EUR 3.6 million in the prior-year period. The bundled purchasing of materials, for example, had a stabilizing effect on earnings, as a result of which the cost of materials ratio was reduced from 33.2% to 30.8%. Various measures were also consequently implemented in the personnel area starting with the B2DD optimisation programme, which were then significantly intensified again in 2020 in the course of the pandemic. The personnel reductions carried out and the effects from the partially implemented short-time work led to a decrease in personnel expenses by 5.5% from EUR 16.3 million to EUR 15.4 million. The earnings per share are calculated at EUR 0.13 (previous year: EUR 0.22). At the same time, we succeeded in further reducing net debt and increasing liquidity in the first half of the year.

Mark Becks, CFO of the Masterflex Group: "The mostly achieved stabilization of our earnings despite this difficult revenue trend is already an indication of what should be possible when revenue picks up again. We remain very cautious in our forecast for 2020, but at the same time we are sticking to our goal of achieving a double-digit EBIT margin again by 2022. In our revenue performance, too, I see 2020 as only a temporary "slip-up" due to the COVID 19 pandemic. Our stable growth over the past ten years shows that our market drivers are intact, that we are benefiting from the increasing focus on medical and laboratory technology, life sciences and the food industry, and that we can return to the growth path with corresponding speed. For 2020, the company expects a decline in revenues of 10% to 15% and a decline in EBIT to EUR 1.0 to 2.5 million. A double-digit EBIT margin is the target for 2022, and the revenues mark of EUR 100 million should be exceeded in 2023/2024.

Selected key figures

in €k

30.06.2020

30.06.2019

Consolidated revenue

37,378

41,940

EBITDA

4,665

5,617

EBIT (operative)

2,460

3,620

EBIT-Marge (operative)

6.6%

8.6%

EBIT

2,249

3,533

Consolidated result

1,292

2,130

Consolidated earnings per share (€)

0.13

0.22

 

 

31.12.2019

Consolidated equity

42,254

42,015

Consolidated equity ratio

52.3%

51.5%

Consolidated balance sheet total

80,716

81,559

 

Note: The half-year report as of 30 June 2020 is available on the Internet at

www.masterflexgroup.com/investor-relations/financial-reports-of-masterflex-se/

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