Masterflex SE achieves record operating result in financial year 2024 according to preliminary figures

• Consolidated sales revenue of EUR 98.1 million according to preliminary figures (previous year: EUR 101.1 million)
• Record EBITDA of EUR 18.2 million (previous year: EUR 17.9 million) and operating EBIT of EUR 12.7 million (previous year: EUR 12.6 million) achieved
• Operating EBIT margin further improved to 13.0% (previous year: 12.4%)

Gelsenkirchen, March 13, 2025 – According to preliminary figures, Masterflex SE (ISIN: ) generated sales revenue of EUR 98.1 million (previous year: EUR 101.1 million) in the financial year and can look back on a successful and robust development despite a noticeable economic headwind, particularly in the traditional, cyclically sensitive customer sectors. Although sales revenue was slightly below the forecast range of EUR 100 million to EUR 107 million due to the slowdown in demand, EBITDA reached a new record level of EUR 18.2 million (previous year: EUR 17.9 million). At EUR 12.7 million (previous year: EUR 12.6 million), operating EBIT also set a new record, with the result that the Masterflex Group was able to achieve the forecast range of EUR 12.0 million to EUR 15.0 million despite lower than expected sales revenue. This results in a further increase in the operating EBIT margin from 12.4% in the previous year to 13.0% in the financial year 2024.

The reason for the slight decline in sales revenue has been the weak economic development in Europe, especially in Germany. Customer sectors such as mechanical and plant engineering and the automotive industry experienced cyclical weakness in demand. In the medical technology sector, inventory adjustments and project postponements slowed momentum. By contrast, the food and semiconductor sectors, as well as the aerospace sector, continued to show robust growth. The strong earnings performance, despite the slight decline in sales revenue was mainly the result of a favorable and high-margin product mix as well as further efficiency improvements, which compensated for higher inflation-related costs, in particular for personnel.

Dr. Andreas Bastin, CEO of the Masterflex Group, commented: “Given the economic challenges, we can look back on a successful financial year, especially in terms of earnings. The fact that we were able to achieve a new record operating result despite the headwinds shows that we have set the right course. This also gives us confidence for the current year.”

The figures are still subject to confirmation by the auditors and approval by the Supervisory Board. The 2024 consolidated financial statements and the 2025 forecast will be published on 28 March 2025.

About Masterflex SE:
The Masterflex Group specializes in the development and manufacture of sophisticated connection and hose systems. With 14 operating units in Europe, America and Asia, the Group is represented almost worldwide. Growth drivers are internationalization, innovation, operational excellence and digitalization. Masterflex shares (GSIN: , ISIN: ) have been listed in the Prime Standard of the German Stock Exchange since 2000.

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