Oliver Kremers appointed as Chairman of the Board of Management of freesort GmbH
Birkenwerder, August 1, 2007, Francotyp-Postalia Holding AG announced today that Oliver Kremers (37) was appointed Chairman of the Board of Management of its subsidiary freesort GmbH on July 26, 2007 at the company meeting. From August 1, 2007, he will be responsible for the Controlling, Sales and Marketing divisions.
Oliver Kremers has extensive experience, both strategic and operative, in important areas of German post processing.
“Oliver Kremers is an ideal addition to freesort GmbH’s management”, stated Hartmut Neumann, spokesman of the Francotyp-Postalia Holding AG Management Board. “We believe that under his direction we can achieve our ambitious growth and earnings targets in the short term.”
Oliver Kremers studied post and telecommunications in Cologne and Dieburg, concentrating on marketing, company management and psychology. Before moving to Deutsche Post AG in 2002, he worked for five years amongst others at
Deutsche Telekom AG. His last post was as sales director at Williams Lea Deutschland GmbH, a Deutsche Post World Net company.
Martin Swart (39), a member of the freesort GmbH Management Board since 2005, is responsible for the Production, IT and Administration divisions.
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About Francotyp-Postalia Holding AG
Francotyp-Postalia Holding AG can look back on a corporate history of over 80 years. The focus of business activities is developing, producing and selling franking machines and selling inserting machines. These activities in the Mailroom division generate a high level of recurring income, which makes up more than 60 percent of group revenues. The engine of this revenues stability is the 248,000 electronic franking machines installed for customers which generate after-sales business. In Germany Francotyp-Postalia is the market leader in the franking machine business with a current market share of 45 percent. To the end of 2006, the global market share was approximately 9 percent. The most important markets for Francotyp-Postalia are Germany, the USA, the Netherlands and the UK.
In addition, in the Mailstream division, postal services are provided. These include collection, sorting and consolidation of outgoing customer post and electronic hybrid mail, something which is gaining in importance. In the 2006 financial year (year end 31 December), with 939 employees, the Francotyp-Postalia Group generated consolidated revenues of approximately EUR 143 million and EBITDA adjusted for non-recurring effects of approximately EUR 32.2 million*, representing an EBITDA margin of approximately 22 percent*.
*In the 2005 annual financial statements reported as pro forma figures due to the first-time consolidation of the FP Group in its present form in 2005.
