Masterflex SE Reports Record Operating EBIT for Nine Months of 2024

Masterflex SE has announced a record operating EBIT of EUR 11.2 million for the first nine months of 2024, marking a slight increase from EUR 11.0 million in the same period of 2023. Despite a 2.6% decline in revenue to EUR 76.9 million, the EBIT margin rose to 14.5% from 14.0%. The company attributes this to a high-margin product mix and increased efficiency.

The aerospace sector's temporary slowdown and order postponements in medical technology were noted factors in the revenue dip. However, robust performance was seen in the food and semiconductor sectors. A new syndicated loan enhances the company's financial flexibility for strategic initiatives.

Masterflex's solid balance sheet, with an equity ratio increase to 63.4%, supports the confirmed full-year forecast. Revenue is expected between EUR 100 million and EUR 107 million, with EBIT forecasted in the range of EUR 12 million to EUR 15 million.