08.05.2018
technotrans AG DE000A0XYGA7
DGAP-News: technotrans makes successful start to new financial year
DGAP-News: technotrans AG / Key word(s): Quarterly / Interim Statement
technotrans makes successful start to new financial year
08.05.2018 / 06:50
The issuer is solely responsible for the content of this announcement.
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- Group increases revenue and profit
- Board of Management confirms forecast
- Annual General Meeting on May 18
Sassenberg, May 8, 2018 - technotrans maintains its successful course in the
new financial year: in the first quarter of 2018, the company increased its
operating profit (EBT) by 4.8 percent to EUR 4.5 million. The corresponding
margin improved to 8.4 percent (previous year: 8.2 percent). The company
achieved revenue growth of 2.5 percent to EUR 54.1 million. The Board of
Management therefore considers technotrans to be well placed to achieve its
annual targets.
"We seamlessly maintained our growth trajectory in the first quarter,"
remarked Dirk Engel, technotrans Chief Executive Officer. Following a
slightly weaker final quarter of 2017, he pointed out the renewed momentum
to the business performance in the new year. Particularly business for new
machinery developed positively. Below the line, net income came to EUR 3.2
million (up 2.6 percent).
technotrans generated around EUR 32 million or 58.5 percent of consolidated
revenue through non-print business. This included a pleasing entry by the
company into the plastics processing industry. There was latterly also a
rise in demand in laser business and in the semiconductor industry. The
subsidiary termotek reported a new revenue record in the first quarter. "In
the growth market of electric mobility, business involving our cooling
systems for quick-charging stations is gathering pace. On top of that, we
also have a few highly promising development projects in the pipeline,"
stressed Engel. In the printing industry, revenue came to more than EUR 22
million and was therefore at the high prior-year level.
Strong growth in Technology
In the Technology segment, all technology markets showed an upward trend.
Revenue climbed 4.0 percent to EUR 39.7 million. EBIT went up ten percent to
EUR 2.2 million, and the corresponding margin improved to 5.7 percent
(previous year: 5.2 percent). Demand also picked up compared with the final
quarter of 2017: "We achieved a much stronger performance here with revenue
rising by over EUR 4 million," commented Engel, who is optimistic about the
prospects for the remainder of the year. The bright outlook in the printing
industry, specifically in packaging printing, promises a solid foundation
for 2018. Notably the expansion of digital printing business is also
unlocking extra revenue potential.
The Services segment started the financial year at a consistently high
level. At EUR 14.4 million, revenue was slightly down year on year. The
revenue share from print business did not quite reach the high prior-year
figures. Technical Documentation, too, made a tentative start to 2018. EBIT
remained on a par with the previous year at EUR 2.3 million.
Forecast confirmed
"On the strength of our continuing healthy order situation and high capacity
utilisation, we are confident about the prospects for the coming months,"
commented Engel. Meanwhile the Board of Management reaffirms the forecast
for the full year. The expectations are revenue of between EUR 212 and 220
million, and EBIT within the range of EUR 18 to 20 million.
The Board of Management and Supervisory Board will propose to the Annual
General Meeting taking place on May 18, 2018 that a dividend of EUR 0.88 per
no par value share be distributed for the 2017 financial year. The meeting
will also vote on a change in the company's legal form to a European stock
corporation (SE/Societas Europaea).
For further information, visit: http://www.technotrans.de
About technotrans AG:
The technotrans Group produces, sells and modernises applications in
the area of liquid technology. Its core skills comprise cooling,
temperature control, filtration, measuring and metering. With 19
locations, the company based in the Münsterland town of Sassenberg
enjoys a presence in all major markets worldwide. The group is
organised into the Technology and Services segments. Through product
innovations and targeted acquisitions, the group is steadily accessing
new industries. These include the laser industry, plastics processing,
machine tools, industrial engineering, stamping and forming
technology, batteries and inverters, semiconductors, electric
mobility, and also medical and scanner technology. technotrans also
offers an extensive portfolio of services encompassing such areas as
parts, installations, maintenance and technical documentation. The
strategy of the group is to seek sustainable, profit-driven corporate
development. technotrans is a stock corporation listed in the Prime
Standard (ISIN: DE000A0XYGA7 / WKN: A0X YGA) and employs around 1,350
people worldwide. The company achieved revenue of EUR 205.1 million in
the 2017 financial year.
Contact for journalists: Contact for publishers'
representatives:
Nils Dietrich Sputnik GmbH Press Sandra Kraft Central Marketing
and Public Relations Hafenweg 9 technotrans AG
48155 Münster Tel.: +49 (0)251 Robert-Linnemann-Strasse 17 48336
625561-25 Fax: +49 (0)251 Sassenberg Tel.: +49 (0)2583
625561-19 301-1702 Fax: +49 (0)2583 301-1077
[1][email protected] [1][email protected]
[2]www.sputnik-agentur.de 1. [2]www.technotrans.de 1.
[email protected] 2. mailto:[email protected]
http://www.sputnik-agentur.de/ 2. http://www.technotrans.de/
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08.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Germany
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: [email protected]
Internet: http://www.technotrans.de
ISIN: DE000A0XYGA7
WKN: A0XYGA
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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