EQS-News

Masterflex mit Profitabilitätssteigerung im ersten Quartal 2024 – Operative EBIT-Marge steigt auf 16,3 %

EQS-News: Masterflex SE / Key word(s): Quarterly / Interim Statement Masterflex mit Profitabilitätssteigerung im ersten Quartal 2024 – Operative EBIT-Marge steigt auf 16,3 % 08.05.2024 / 07:31 CET/CEST The issuer is solely responsible for the content of this announcement. Masterflex increases profitability in the first quarter of 2024 – Operating EBIT margin rises to 16.3%

• Group revenue at EUR 26.2 million (3M/2023: EUR 27.6 million)

• Group operating EBIT grows to EUR 4.3 million (3M/2023: EUR 4.1 million)

• Further improvement in operating EBIT margin to 16.3% (3M/2023: 15.0%)

• Solid order backlog of EUR 20.8 million as of March 31, 2024

• Forecast for the financial year 2024 confirmed

Gelsenkirchen, 08. May 2024 – Masterflex SE (ISIN: DE0005492938) is starting the financial year 2024 with a boost in profitability in the first quarter. Although the challenging economic environment is having an impact on the revenue side, Masterflex nevertheless recorded the best operating EBIT ever in a first quarter.

The Masterflex Group generated revenue of EUR 26.2 million in the first three months of 2024. This corresponds to a year-on-year decline in revenue of 5.2% compared to a strong prior-year figure of EUR 27.6 million. The slight decline in revenue primarily reflects the economic headwind in cyclical customer sectors such as mechanical and plant engineering. Activities in Asia were also slightly down on the previous year due to the economic situation and the uncertain geopolitical situation. The medical technology sector remained at a high level with a 17% share of sales, although it stagnated in the first quarter. This was partly due to the effects of the Easter holidays and partly to inventory corrections on the customer side. In contrast, the aerospace, food and semiconductor sectors recorded growth as in previous quarters. At regional level, the robust US economy in particular is reflected in the growth of activities in the USA.