14.03.2017
technotrans AG DE000A0XYGA7
DGAP-News: technotrans AG meets all growth targets in 2016
DGAP-News: technotrans AG / Key word(s): Final Results
technotrans AG meets all growth targets in 2016
14.03.2017 / 06:49
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
* Acquired GWK and Ovidius contribute towards growth
* Plans to raise dividend to EUR 0.55
* Revenue to reach EUR 185 to 195 million in 2017
Sassenberg, March 14, 2017 - technotrans AG can look back on the 2016
financial year as a huge success: in the period under review the group
accomplished a significant leap in revenue of 23.6 percent to EUR 151.8
million. Profit at EBIT level of EUR 9.7 million (up 8.7 percent) is the
company's best result for nine years. technotrans consequently achieved all
of its objectives despite the non-recurring effects arising from the
acquisitions completed in the course of the year. A marked increase in the
dividend to EUR 0.55 is planned.
"The past financial year proved highly successful," commented Henry
Brickenkamp, Chief Executive Officer of technotrans AG. He singled out the
group's continuing organic growth in all market areas. Among the landmark
developments was the biggest takeover in the history of the company: the
acquisition of GWK Gesellschaft Wärme Kältetechnik mbH (Meinerzhagen) means
technotrans has gained a foothold in the market for the plastics processing
industry. GWK already played a major part in the revenue growth of the
technotrans Group in 2016 with consolidated revenue of EUR 18.0 million.
technotrans also boosted the Technical Documentation business area through
the acquisition of 51 percent of Ovidius GmbH (Berlin) and its subsidiary
EasyBrowse GmbH (Schwerin).
"Despite the challenges presented by the takeovers and their integration, we
maintained our pace of growth and achieved our goals," stressed Brickenkamp.
For example revenue disregarding the acquired businesses was up 7.8 percent
at EUR 132.5 million, while operating profit at EBIT level grew 11.3 percent
to EUR 10.0 million. This represents a margin of 7.5 percent (previous year:
7.3 percent). As a result, both the adjusted forecast following the GWK
acquisition and the original forecast from one year ago were achieved. Below
the line, net income came to EUR 7.3 million (up 16.8 percent).
Growth in all areas of business
The Technology segment benefited from a revival in economic activity in the
period under review, as well as from renewed organic growth in the non-print
area. This took shape in the laser industry, in stamping and forming
technology and also what we refer to as our growth markets. In the printing
industry, the increased market shares in offset, flexographic and digital
printing were turned to our profit. Revenue for the Technology segment rose
by 27.2 percent to EUR 103.6 million and thus went back up above the EUR 100
million threshold for the first time since 2008. In all, Technology
accounted for over 68 percent of total revenue. Earnings before interest and
taxes (EBIT) went up from EUR 2.1 million to EUR 2.9 million, equivalent to
a margin of 2.8 percent (previous year: 2.6 percent).
In the Services segment, revenue grew by 16.4 percent to EUR 48.2 million.
This growth is substantially attributable to the acquisitions completed in
the period under review. Adjusted growth came to 3.5 percent. As in the
previous year, the result for the segment was EUR 6.8 million. This figure
includes additional costs and charges related to the acquisitions, with the
effect that the EBIT margin fell to 14.2 (previous year: 16.5 percent). The
adjusted rate of return for the segment is, however, in line with
expectations.
Positive outlook
"We are concentrating on improving our performance in the financial year in
progress. We again aim to grow faster than the individual market segments,"
declared Brickenkamp. He described the Board of Management view as
"cautiously optimistic". As well as economic uncertainty, success will
depend on progress with the integration of the new subsidiaries, for which
technotrans is targeting a substantial improvement in earnings quality.
For the financial year in progress, the Board of Management expects revenue
in the range of EUR 185 - 195 million, assuming stable global economic
conditions. The operating result at EBIT level is forecast to lie within a
range of EUR 12.0 - 14.0 million. This would represent an EBIT margin of
between 6.5 and 7.2 percent. This target does not take account of new
acquisitions.
On May 12, 2017 at the Annual General Meeting of technotrans AG, the Board
of Management and Supervisory Board will propose the distribution of a
dividend of EUR 0.55 per no par value share on the share capital bearing
dividend entitlements. This compares with a profit participation of EUR 0.48
in the previous year.
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 21
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 1,250
people worldwide. The company achieved revenue of EUR 151.8 million in
the 2016 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/
---------------------------------------------------------------------------
14.03.2017 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
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
553705 14.03.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
technotrans AG ISIN: DE000A0XYGA7 können Sie bei EQS abrufen
Spezialmaschinenbau , A0XYGA , TTR1 , XETR:TTR1