Gelsenkirchen, 2 October 2018 - 3:30 p.m. Masterflex SE is adjusting its expectations for the earnings development in 2018 as a whole to an EBIT margin of 8% to 9%, depending on the revenue development in the remaining months of 2018. Masterflex's previous target was to confirm the previous year's EBIT margin of 9.5%.
This is due in particular to a delay in revenue recognition based on the unbroken good order situation. A high level of sick leave, particularly in the first half of the year, prevented the revenue trend and thus also the earnings trend from keeping pace with the order situation. Measures taken, such as additional shifts, Sunday and public holiday work and further staff expansion, did not yet fully show their positive effects. On the basis of the results for September, Masterflex expects that it will not be possible to close the earnings gap completely in the remaining three months of 2018.