Gelsenkirchen, Germany — The Masterflex Group has reported a revenue increase of more than 10% to EUR31.9m ($42.6m) during the first half of 2014 compared to a revenue of EUR28.9m during last year’s first half.
The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) over the six-month period was reported at EUR4.9m compared to EUR4.5m during the first half of 2013, an increase of 8.8%.
Masterflex ceo Andreas Bastin said: “The Masterflex Group is continuing its growth strategy undiminished.”
He said the strategy has two pillars, firstly the structured internationalisation of business with hose connection systems by expanding export business and through global locations.
Bastin said his company was still forecasting "growth significantly above" the rate of 3.5% forecast for the world economy over 2014.
XE Currency conversion: 14 August, 2014