14.05.2013 technotrans AG  DE000A0XYGA7

DGAP-News: technotrans AG: technotrans grows with applications for the laser market


 
DGAP-News: technotrans AG / Key word(s): Quarter Results technotrans AG: technotrans grows with applications for the laser market 14.05.2013 / 07:09 --------------------------------------------------------------------- technotrans grows with applications for the laser market revenue rises by 29 percent to EUR 26.3 million in Q1 / EBIT improves by 22.7 percent / acquisition of KLH main driver of growth / milestone: 30 percent of revenue generated outside the printing industry Sassenberg, May 14, 2013 The revenue of the technotrans Group rose by 29.0 percent to EUR 26.3 million (previous year EUR 20.4 million) in the first three months of the 2013 financial year. As well as the acquisition of KLH the Print business contributed, thanks to a single-digit rate of growth for that area. The increased level of business mainly impacted the Technology segment, for which revenue soared 46.5 percent to EUR 16.9 million (EUR 11.5 million). The Services segment, too, put in an improved performance, with revenue reaching EUR 9.4 million (EUR 8.8 million, +6.2 percent). EBIT increased overall by 22.7 percent to EUR 1.1 million (previous year EUR 0.9 million). This means the EBIT margin is virtually unchanged from the prior-year period at 4.1 percent (4.3 percent). The net income for Q1 2013 is reported as EUR 0.7 million, representing a rise of 32.1 percent on the same period of 2012 (EUR 0.5 million). The rate of return was thus 2.6 percent (previous year 2.5 percent). Earnings per share, for shares outstanding, therefore came to EUR 0.10 (previous year EUR 0.08). 'Some 30 percent of overall revenue was generated in the non-print area, this represents an important milestone in the company's strategic reorientation', says Henry Brickenkamp, Spokesman of the Board of Management of technotrans AG. 'Now measures designed to accelerate growth and also improve the profitability of the new subsidiaries should begin to bite over the coming quarters.' The number of employees in the group rose from 662 at the end of 2012 to 774 on March 31, 2013. Once again, the increase is attributable to the acquisitions. The segments Of the technotrans Group's total revenue of EUR 26.3 million for the first three months of the 2013 financial year, the Technology segment accounted for EUR 16.9 million (previous year EUR 11.5 million). That is 64.3 percent of the total. The increase of around EUR 5.4 million or 46.5 percent compared with the prior-year period is substantially the result of business expansion following the takeover of KLH Kältetechnik. The business performance was also boosted to a lesser extent by customers from the printing industry. The volume of business in that area revived somewhat compared with the pre-drupa period one year ago. Earnings for the Technology segment were again slightly negative at EUR -0.5 million (previous year EUR -0.6 million). The EBIT margin was -3.0 percent, compared with -5.1 percent in the prior-year quarter. This development was attributable to a slightly lower than expected volume of business, but also to additional burdens from depreciation and amortisation of capitalised assets of KLH, as well as to increased quality costs, which are to be regarded as non-recurring effects. The Services segment increased its revenue by 6.2 percent in the period under review to EUR 9.4 million (previous year EUR 8.8 million). It was consequently able to match the healthy performance of recent quarters but did not achieve the Q4 2012 level, when various projects were clinched. Its share of overall revenue fell to 35.7 percent, taking it back down to roughly the level that was customary before the major economic crisis. Earnings for the Services segment were maintained at the healthy level of recent quarters, reaching EUR 1.6 million (previous year EUR 1.5 million) and therefore producing a margin of 16.9 percent (previous year 16.6 percent). Financial position The acquisition of the interest in KLH and its first-time inclusion on the Consolidated Financial Statements has various effects on the balance sheet at March 31, 2013. As well as the change in both assets and equity and liabilities as a result of the consolidation , the acquisition also prompted goodwill and other capitalised assets. At March 31, 2013 the equity ratio remained above the 50 percent threshold, at 53.7 percent. Based on net income of EUR 0.7 million for the first three months, the cash flow from operating activities before changes in working capital totalled EUR 2.2 million (previous year EUR 1.6 million). The change in working capital in the first three months was prompted mainly by the increased scope of consolidation, and thus placed a notional burden on cash flow. In the same period of the previous year, EUR 2.2 million in cash was released. After deduction of interest and income tax payments, the net cash from operating activities for the period under review was close to zero (previous year EUR 3.4 million). The cash sum of EUR 4.5 million (previous year EUR 0.1 million) used for investing activities comprises the customary maintenance investments, but mainly the cash outflow for the acquisition of the interest in KLH Kältetechnik GmbH and its Asian sister companies. The free cash flow at the three-month mark consequently remained negative at EUR -4.5 million (previous year EUR 3.2 million). After financing, cash and cash equivalents at March 31 were up 27.8 percent at EUR 19.2 million (previous year EUR 15.0 million). Together with available credit facilities agreed and promised, the financial position thus continues to provide ample leeway both to finance current business and for further potential acquisitions. Outlook Economic development is broadly in line with the original expectations for the current financial year. The management therefore stands by the forecast of overall revenue growth of around 25 percent to EUR 110 million (give or take 5 percent). Growth in the 2013 financial year will be driven substantially by the acquisition of KLH. Its integration into the technotrans Group is progressing according to schedule. 'We view the plans to construct a platform concept encompassing our expertise in cooling across the entire group as especially promising. On that basis it will be possible to address various different markets, while at the same time pooling volumes for optimum manufacturing conditions', Brickenkamp explains. Management expects the print area of our business to stabilise at the current level. In addition technotrans continues to invest much effort in identifying applications for its core skills in areas beyond the printing industry. 'As well as our activities in the laser market and the machine tool industry, we are making good progress in accessing the market for cooling systems for energy storage devices, for example. On top of our project with Siemens, we are working on various projects with the French battery manufacturer Saft', Brickenkamp says. 'We believe our goal of achieving an EBIT margin of between 6 and 7 percent from revenue at the planned level remains realistic. We plan to improve earnings over the coming quarters on the one hand through the rising volume of revenue and on the other hand through better cost ratios at the manufacturing companies. We also expect the pooling of purchasing volumes to drive profitability improvements', Dirk Engel, CFO of technotrans AG, sums up. Note: Statements made in this report relating to future developments are based on our cautious estimate of future events. The actual performance of the company may differ substantially from that planned, as it depends on a large number of market-related and economic factors, some of which are beyond the company's control. Download: The full Interim Report can be downloaded from the internet on www.technotrans.com, under Investor Relations - Reports. Dates: The Interim Report 1-6/2013 is scheduled for publication on August 13, 2013. The Annual Shareholder Meeting will take place on May 16, 2013 in Münster (Westphalia). Securities: technotrans AG - ISIN DE000A0XYGA7 - German Securities Identification No. WKN A0XYGA Contact: technotrans AG Corporate Communications/ Investor Relations Thessa Roderig Tel. +49 (0)2583 301-1887 e-mail [email protected] technotrans Group Key figures acc. to IFRS

                                       Cha-    1.1.-    1.1.-     FY     FY
                                        nge  31.3.13  31.3.12   2012   2011
Earnings
                                EUR
Revenue                         '000   29.0%  26,274   20,365  90,662
97,265
                                EUR
Technology                      '000   46.5%  16,887   11,527  53,733
61,673
                                EUR
Services                        '000   6.2%    9,387    8,838  36,929
35,592
                                EUR
Gross profit                    '000   8.8%    7,937    7,294  31,652
30,779
                                EUR
EBITDA 1                        '000   21.4%   1,995    1,644  8,319  7,980
Earnings before interest and    EUR
taxes (EBIT)                    '000   22.7%   1,081      881  5,357  4,787
                                EUR
Net profit for the period       '000   32.1%     675      511  3,094  3,019
as % of revenue                 %               2.6%     2.5%   3.4%   3.1%
Net result per share (IFRS)     EUR    31.4%    0.10     0.08   0.48   0.47

Balance sheet
                                EUR
Issued capital                  '000   0.0%    6,908    6,908  6,908  6,908
                                EUR
Equity                          '000   5.1%   42,932   37,613  40,865
37,291
Equity ratio                    %              53.7%    55.1%  63.2%  55.5%
Return on equity                %               1.6%     1.4%   7.9%   8.5%
                                EUR
Balance sheet total             '000   23.6%  79,982   68,313  64,705
67,215
                                EUR       -
Net debt 2                      '000   82.8%  -1,459    1,645  -8,462 4,890
                                EUR
Working capital 3               '000   9.4%   29,620   18,665  27,087
18,527
ROCE 4                          %                1.9      1.6   10.1    8.9

Employees
                                Perso
Employees (average)             nen    21.8%     772      634    646    659
                                EUR
Personnel expenses              '000   23.6%   9,502    7,689  32,651
33,224
as % of revenue                 %              36.2%    37.8%  36.0%  34.2%
                                EUR
Revenue per employee            '000   6.0%     34.0     32.1    140    148

Cash flow
                                EUR
Cash flow 5                     '000               1    3,350  10,979 5,868
                                EUR
Free Cash flow 6                '000          -4,529    3,220  13,172 3,606

Shares
Number of shares at end of                   6,464,3  6,432,7  6,455  6,432
period                                 0.5%       09       75   ,404   ,775
Share price (max)               EUR    74.2%    9.39     5.39    7.2   7.51
Share price (min)               EUR    68.3%    6.90     4.10   4.10   4.01


1 EBITDA = EBIT + amortisation of goodwill + depreciation of property, plant and equipment and intangible assets 2 Net debt = interest-bearing liabilities - cash and cash equivalents 3 Working capital = current assets - current liabilities 4 ROCE = EBIT / Capital employed 5 Cash flow = Net cash from operating activities acc. to Cash flow Statement 6 Free Cash flow = Net cash from operating activities + net cash used for investments acc. to Cash flow Statement End of Corporate News --------------------------------------------------------------------- 14.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 210863 14.05.2013


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 205,10 216,29 207,93 190,45 211,10 238,22 262,12
EBITDA1,2 22,65 22,60 16,01 13,85 18,07 21,11 21,19
EBITDA-Marge3 11,04 10,45 7,70 7,27 8,56 8,86
EBIT1,4 17,44 17,35 8,34 6,78 11,03 14,33 14,18
EBIT-Marge5 8,50 8,02 4,01 3,56 5,23 6,02 5,41
Jahresüberschuss1 12,19 12,38 6,09 4,96 7,02 8,90 8,53
Netto-Marge6 5,94 5,72 2,93 2,60 3,33 3,74 3,25
Cashflow1,7 11,41 6,31 16,80 12,23 13,43 -1,04 23,41
Ergebnis je Aktie8 1,76 1,79 0,88 0,72 1,02 1,29 1,24
Dividende8 0,88 0,88 0,00 0,36 0,51 0,64 0,55
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Technotrans
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0XYGA 16,600 Kaufen 114,67
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,12 21,31 0,47 13,53
KBV KCV KUV EV/EBITDA
1,26 4,90 0,44 6,17
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,64 0,62 3,73 17.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 14.08.2024 19.11.2024 21.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-9,32% -17,27% -23,85% -38,86%
    
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