Masterflex SE: Not all Forecast Targets Achieved - 2016 Started without Legacy Problems

Gelsenkirchen (pta026/25.02.2016/12:40 UTC+1) Gelsenkirchen, 25 February 2016 - In the 2015 financial year, Masterflex SE did not reach all of its forecast targets. On the basis of provisional figures, revenue in 2015 was Eur 64.1 million, equating to growth of 2.6% and thus in line with the growth forecast updated in October 2015 to between 2% and 4%. Operating earnings (EBIT) amounted to approximately Eur 4.9 million, below the forecast slight decline on the previous year's EBIT of Eur 6.3 million. This results in an EBIT margin of 7.6%.

NOTES:
In the final quarter of 2015, the Masterflex Group's revenue with high-tech hoses and connection systems grew by 4.9% on the previous year (Eur 14.4 million) to Eur 15.1 million, but still fell short of the management's internal expectations. In addition, unexpected inventory effects in connection with the regular preparation of the annual financial statements had a negative impact. The one-time costs in 2015, which were already announced in a disclosure on 26 October 2015 and resulted primarily from necessary personnel changes, combined with the effects of the final quarter and led to operating earnings falling somewhat a little more than had been forecast in early November. All non-recurring costs of 2015 are accounted for completely in this result. The Group's equity ratio has risen to around 47.7%.
The Masterflex Group is therefore making a stronger start to 2016 in terms of human resources and accounts. This year, the high-tech-hose specialist is focusing on internal process optimization to leverage gains in efficiency, on the market launch of product innovations and on the intensified penetration of growth markets.

The figures are still subject to confirmation by the auditor and approval by the Supervisory Board. The consolidated financial statements will be presented by the Executive Board at the financials press conference in Düsseldorf on 30 March 2016.

The Masterflex Group is the listed specialist in the development and manufacture of sophisticated hose and connection systems. With 12 operational units in Europe, America and Asia, the Group is represented almost everywhere in the world. Internationalisation and innovation are the drivers for growth.
Contact: Dr. Annette Littmann, Tel. 49 209 970 77 44, Email: a.littmann@masterflexgroup.com

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Emitter:	Masterflex SE Willy-Brandt-Allee 300 45891 Gelsenkirchen Germany
Contact Person:	Dr. Annette Littmann
Phone:	+49 209 97077-0
E-Mail:	a.littmann@masterflexgroup.com
Website:	www.MasterflexGroup.com
ISIN(s):	DE0005492938 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart