Masterflex SE

MZX

Equity

ISIN DE0005492938 / Valor 1091276

Xetra (2024-09-18)

EUR 10.00%

Masterflex SE
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About company

Masterflex SE is a listed company specializing in the development, production, and marketing of connector and hose systems made of high-performance plastics and fabrics. With six corporate brands and 14 operating subsidiaries globally, the company serves various high-tech sectors such as aerospace, medical technology, mechanical and plant engineering, the chemical industry, food and pharmaceutical technology, and other important industries. In addition to offering a wide range of products and solutions, Masterflex also provides consulting and order-related development services as part of its engineering services. The company's hoses and connection solutions are utilized in transporting raw materials and building materials in industries such as basic industry, construction machinery, and construction vehicles. Masterflex operates worldwide with specialized brands like Matzen & Timm and Novoplast Schlauchtechnik, each offering unique hose and connection solutions tailored to specific industry needs.

Summarized from source with an LLMView SourceSector: Technology

Revenue Stability

In the first half of 2024, Masterflex SE reported stable group revenue of EUR 51.6 million, a slight decline of 2.1% compared to EUR 52.7 million in the same period of the previous year. This stability was achieved despite the challenging economic conditions.

Profitability Boost

Masterflex SE saw a significant boost in profitability in the first half of 2024. The operating EBIT margin increased from 12.9% to 14.6%, with operating EBIT rising by 10.8% to EUR 7.5 million, compared to EUR 6.8 million in the previous year. This improvement was driven by efficiency gains and cost optimizations.

Net Profit Increase

Consolidated net profit for Masterflex SE in the first half of 2024 was EUR 4.8 million, marking a 13.4% increase from EUR 4.3 million in the previous year. This growth in net profit reflects the company's enhanced operational efficiency and profitability.

Dividend Growth

Masterflex SE increased its dividend by 25% to EUR 0.25 per share, reflecting the company's strong financial performance and commitment to rewarding shareholders. This decision was made during the Annual General Meeting held on 5 July 2024.

Equity Strengthening

Masterflex SE's equity strengthened significantly in the first half of 2024, reaching EUR 62.4 million, up from EUR 57.6 million at the end of 2023. This resulted in a solid equity ratio of 64.5%, compared to 61.5% at the end of the previous year, indicating a robust financial position.

Summarized from source with an LLMView Source

Key figures

16.3%1Y

44.1%3Y

81.8%5Y

Performance

37.7%1Y

41.7%3Y

44.5%5Y

Volatility