Francotyp-Postalia Holding AG
Francotyp-Postalia Holding AG: Focusing Transformation by selling freesort GmbH
EQS-News: Francotyp-Postalia Holding AG
/ Key word(s): Disposal/Change in Forecast
Francotyp-Postalia Holding AG: Focusing Transformation by selling freesort GmbH Berlin, 30 September 2024 – Today Francotyp-Postalia Holding AG (FP) entered into a share purchase agreement with an Austrian Investor concerning the sale of all shares in freesort GmbH. freesort GmbH, which forms the Mail Services segment, offers franking and downstream access services for outgoing mail for business customers. In 2023, freesort GmbH generated revenue of EUR 66.8 million and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 2.1 million (Segment figures based on local accounting standards). With the sale of freesort GmbH, the FP Group focuses on the business areas Mailing & Shipping Solutions as well as Digital Business Solutions and aims to drive forward its transformation. Consequently, Francotyp-Postalia Holding AG has adjusted its forecast for 2024. Considering the business area as a discontinued business area, the contribution of freesort GmbH to Group revenue and EBITDA is to be eliminated for 2024. Therefore, revenue for 2024 is now expected to be up to 32 % below previous year’s reported revenue of 241.8 million euro and up to 7 % below previous year’s adjusted revenue of 175.6 million euro. EBITDA is expected to be up to 26 % below the previous year’s reported EBITDA of 31.0 million euro and up to 17 % below the previous year’s adjusted EBITDA of 27,6 million euro. Previously, a decline in revenue of up to 6 % and a decline in EBITDA of up to 12 % had been expected based on reported figures. The Board and Supervisory Board express their thanks to all freesort employees who have done an outstanding job over the past few years under challenging market conditions. Special thanks go to Managing Director Lars Tisken, who has successfully and profitably positioned the division with his outstanding expertise and leadership.
For Investor Relations inquiries, please contact: Dr. Monika Plum About Francotyp-Postalia:
30.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG. |
Language: | English |
Company: | Francotyp-Postalia Holding AG |
Prenzlauer Promenade 28 | |
13089 Berlin | |
Germany | |
Phone: | +49 (0)30 220 660 410 |
Fax: | +49 (0)30 220 660 425 |
E-mail: | ir@francotyp.com |
Internet: | www.fp-francotyp.com |
ISIN: | DE000FPH9000 |
WKN: | FPH900 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1998847 |
End of News | EQS News Service |