Masterflex SE Achieves Record Earnings in 2023 Annual Report

Masterflex SE, a leading developer of hose and connection systems, reported a successful year with record earnings in its 2023 financial statements. The company achieved a group revenue of EUR 101.1 million, slightly up from the previous year's EUR 100.3 million, despite challenges in the economic environment and various customer industries. Masterflex saw its EBITDA rise to EUR 17.9 million from EUR 16.4 million, while operating EBIT increased to EUR 12.6 million from EUR 11.4 million, marking a significant improvement in profitability.

The company announced an increase in dividend to EUR 0.25 per share for 2023, up from EUR 0.20 per share in the previous year, reflecting the positive results. Masterflex's equity ratio also saw an improvement to 61.5%, indicating a stronger balance sheet. Despite slight setbacks in automotive and mechanical engineering sectors, the company observed growth in the aviation, life science, and medical technology sectors, enhancing its revenue and EBIT margin.

Looking forward to 2024, Masterflex anticipates a revenue ranging between EUR 100 and EUR 107 million, with an expected EBIT of EUR 12 to EUR 15 million. The management remains cautiously optimistic about the economic development, noting the uncertain geopolitical landscape as a potential influence on future performance.