Masterflex SE Achieves Record EBIT in 2023; Proposes Dividend Increase

Masterflex SE announced a record Earnings Before Interest and Taxes (EBIT) for the financial year 2023 and revealed plans to increase its dividend to EUR 0.25 per share. The company saw consolidated sales revenue reach EUR 101.1 million, slightly below the forecast but marking a successful year despite economic challenges. The EBITDA also hit a new record of EUR 17.9 million, up from the previous year's EUR 16.4 million. The group operating EBIT surged by 10.5% to EUR 12.6 million, with an improved operating EBIT margin of 12.4%.

Despite the slow demand in cyclical sectors owing to economic headwinds, Masterflex reported strong demand in the aviation, life science, and medical technology sectors. Efforts in higher-margin product sales, productivity gains, and efficiency measures helped offset the increasing costs, particularly in personnel expenses. The Board proposes an increased dividend for the 2023 fiscal year, with the decision expected at the Annual General Meeting scheduled for June 12, 2024.

Dr. Andreas Bastin, CEO of Masterflex Group, highlighted the company's success in navigating an economically challenging year and shared optimism for moderate growth and continuous improvement in 2024. The financial statements for 2023 and forecasts for 2024 will be finalized and published on March 28, 2024.