Masterflex SE has approved an annual dividend payout of EUR 0.25 per share at their Annual General Meeting held today, reported EQS-News.

Masterflex SE in News from EQS-News with Key Word(s) of Dividend/AGM/EGM

Masterflex SE approves dividend of EUR 0.25 per share at Annual General Meeting

Gelsenkirchen, July 5, 2024 – Masterflex SE (ISIN: DE0005492938) is listed on the Prime Standard of the Frankfurt Stock Exchange and today hosted its Annual General Meeting 2024 in Gelsenkirchen.

The Shareholders’ Meeting approved and resolved upon a proposed Management Board and Supervisory Board resolution and resolved on a dividend per share of EUR 0.25 (previous year: EUR 0.20) for Masterflex SE’s 2023 financial year, equalling an approximate payout of EUR 2,404,583 (2022: EUR 1,923,667) from its net retained profits totalling EUR 21,419,446; any excess will be carried forward into new accounts totalling approximately 19014,863.

At its Annual General Meeting for 2023 financial year, Masterflex SE’s shareholders demonstrated their trust in its Management Board and Supervisory Board members by voting all agenda items with large majorities. CEO Dr. Andreas Bastin specifically highlighted Masterflex’s record operating EBIT of EUR 12.6 million achieved on earnings side and their profitability level of 12.4% with respect to operating EBIT margin achieved through EBIT. Using first quarter 2024 numbers as evidence for his forecast which envisions revenues between EUR 100-107 million with EBIT between EUR 12-15 Million as confirmation for full financial year 2024 forecasted revenues between EUR 100-107 Millions EBIT margin and EUR 15 Million EBIT margin.
Dr Bastin focused his medium to long-term outlook on Masterflex’s ambitious HERO@ZERO plan, the market-leader in hose and connection systems that seeks to gradually convert its business model to circular economy by 2035. By shifting focus onto second half product life cycle markets such as those created through product remanufacture, Masterflex anticipates creating additional avenues of medium to long-term business expansion.

“We are immensely proud to have fulfilled our promise to expand profitability further by increasing operating EBIT margin from 11.4% to 12.4% year on year and setting new EBITDA and EBIT records despite facing unprecedented market conditions in 2023 financial year.” Masterflex has entered its next growth stage with an innovative strategy and approach. Transformation into a circular economy through HERO@ZERO’s future program involves broadening business model services related to digitalized hose and connection technologies with predictable revenue generation and reduced resource use. With our expansion, our customers benefit from increased supply chain transparency, reduced cost and waste, as well as an easy solution for future regulatory requirements. Through this pioneering role in this space, Masterflex Group further extends its leading competitive position,” states Dr. Andreas Bastin, CEO of Masterflex Group.

Voter turnout at this year’s Annual General Meeting was 57.00%; further information and voting results can be downloaded via www.masterflexgroup.com in Investor Relations section.

Masterflex SE:The Masterflex Group specialises in developing and manufacturing of sophisticated connection and hose systems, serving businesses worldwide through 14 operating units located across Europe, America and Asia. Growth drivers for Masterflex include internationalization, innovation, operational excellence and digitalization – driving growth drivers such as internationalization. Their shares (GSIN: 5492938, ISIN: DE0005492938) have been listed in Germany’s Prime Standard since 2000 IR contact:CROSS ALLIANCE communication GmbH Susan Hoffmeister Investor Relations Telephone +49 125 09 03 [email protected] www.crossalliance.de

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On 05.07.2024 at 2024 CET/CEST, an announcement issued by an issuer will be disseminated through EQS News (a service of EQS Group AG), to be distributed as Corporate News via this distribution service provided by EQS Group AG and disseminated to shareholders through this channel (EQS Distribution Services include regulatory announcements, Financial/Corporate News releases and Press releases archived at www.eqs-news.com – please visit for further details). Archives can be viewed here: https://eqs-news.com eqs news