08.03.2016
technotrans AG DE000A0XYGA7
DGAP-News: technotrans AG growth in 2015 surpasses expectations
DGAP-News: technotrans AG / Key word(s): Final Results
technotrans AG growth in 2015 surpasses expectations
08.03.2016 / 06:47
The issuer is solely responsible for the content of this announcement.
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Annual Report
- Profitability significantly improved
- Growth in all areas of business
- Optimistic outlook for 2016
Sassenberg, March 8, 2016 - technotrans AG can look back on an extremely
successful 2015 financial year. In the period under review the company
increased its revenue by 9.3 percent to EUR 122.8 million, thus exceeding
its own forecast. Operating profit (EBIT) reached EUR 9.0 million, an
increase of 31.1 percent. The EBIT margin of 7.3 percent is consequently at
the top end of the range originally envisaged. The Board of Management of
technotrans AG expects to see the positive business performance continue in
2016.
"We maintained our growth trajectory in the past financial year and
achieved all of the targets we had set ourselves," declared Henry
Brickenkamp, Chief Executive Officer of technotrans AG. Below the line, the
company achieved a consolidated profit of EUR 6.3 million in the past
financial year (plus 42.9 percent). This represents a return on sales of
5.1 percent (previous year: 3.9 percent). "The financial position and net
worth remain very sound. We offer our shareholders an attractive yield,"
added the Board member.
At the Annual General Meeting of technotrans AG on May 12, 2016 the Board
of Management and Supervisory Board will propose the distribution of a
dividend of EUR 0.48 per no par value share on the share capital bearing
dividend entitlements.
Growth in all areas of business
"The significant expansion of our activities in the non-print area is an
important factor in the very good performance over the past year," declared
Brickenkamp. In the Technology segment overall, revenue rose by 10.4
percent to EUR 81.5 million.
"It was especially pleasing that alongside the strong growth in the
mechanical and plant engineering sector, business with our customers from
the printing industry also developed positively." technotrans achieved a
substantial increase in profit at EBIT level in the Technology segment,
from EUR 0.4 to EUR 2.1 million.
In the Services segment, technotrans more than made good the previous
year's slight drop in revenue. In that area the company achieved growth of
EUR 7.2 million to EUR 41.4 million. Within the division, growth was driven
largely by after-sales business in all sub-markets. Merely service business
in the Technical Documentation area fell short of expectations due to weak
orders in the first half, and failed to end the year with revenue growth.
The EBIT profit in the Services segment climbed from EUR 6.4 to EUR 6.8
million, with margins remaining stable.
Positive outlook
The Board of Management is cautiously optimistic in its outlook for the
2016 financial year. "For 2016, we have set ourselves the goal of growing
faster than the market once more," explained Brickenkamp. Based on a stable
development in the world economy, the Board of Management expects the
technotrans Group to achieve revenue of between EUR 126 and EUR 132
million. technotrans expects robust demand for digital and flexographic
printing presses in the 2016 financial year, while business for offset
printing will stabilise at least at the prior-year level. The laser and
mechanical engineering markets, stamping and forming technology, energy
storage technology as well as medical and scanner technology will remain
the Technology segment's growth drivers. 2016 should also bring a further
slight growth in revenue in the Services segment.
The EBIT margin for 2016 is expected to be in the range of 7.5 to 8.0
percent. For planning purposes EBIT will therefore need to be between EUR
9.5 and EUR 10.5 million.
The technotrans Group continues to progress steadily along its strategic
path. The Board of Management will focus its activities on a combination of
organic growth and expansion through potential acquisitions. Brickenkamp
held out the following prospect: "We want to accelerate our current growth
further through acquisitions". Any potential takeover target would,
however, have to match the market and growth-led expansion strategy of
technotrans AG as well as offer the right synergy potential. He also
indicated that technologies that would specifically broaden the company's
core skills would be of great interest.
drupa 2016: technotrans is a "Partner in Print" with innovations in liquid
technology. This is the technotrans motto for this year's printing industry
exhibition. The areas that are particularly in the spotlight are cooling in
digital printing and UV printing, sustainable and resource-friendly
solutions, as well as connected, intelligent control systems.
The main performance indicators at a glance
ASSETS (EUR '000) Change from the previous year 2015 2014 Revenues 9.3% 122,838 112,371 Technology 10.4% 81,457 73,758 Services 7.2% 41,381 38,613 EBITDA 23.4% 12,187 9,873 EBITDA margin (%) 9.9 8.8 EBIT 31.1% 8,952 6,830 EBIT margin (%) 7.3 6.1 Net profit for the period1 42.9% 6,262 4,381 in percent of revenue 5.1 3.9 Net profit per share (EUR) 42.4% 0.96 0.67 Dividend (EUR)* 45.5% 0.48 0.33 Balance sheet total 2.0% 76,043 74,534 Equity 9.0% 51,725 47,470 Equity ratio (%) 68.0 63.7 Return on equity (%)2 12.3 9.4 Net debt3 143.0% -11,575 -4,763 Free cash flow4 77.2% 8,542 4,821 Employees (average) 5.1% 810 771 1 Net profit = Profit attributable to technotrans AG shareholders 2 Return on = Net profit / equity attributable to technotrans AG equity shareholders 3 Net debt = Interest-bearing financial liabilities - cash 4 Free cash = Net cash from operating activities + net cash used for flow investments acc. to Cash Flow Statement* Proposal to the Annual General Meeting The full 2015 Annual Report is available both online and as a download under Investor Relations, in the Financial Reports section. 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. These applications include 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. As a manufacturer of peripherals, technotrans is a leading system partner to the printing industry. Through product innovations and targeted acquisitions, the group has moreover steadily moved into new areas such as the laser industry, machine tools, stamping and forming technology, batteries and inverters, as well as medical and scanner technology. At the heart of the corporate strategy is sustained, profit-led growth. technotrans is a stock corporation listed in the Prime Standard (ISIN: DE000A0XYGA7 / WKN: A0X YGA) and employs around 830 people worldwide. The company achieved revenue of EUR 122.8 million in the 2015 financial year. Contact for journalists: Contact for publishers' representatives: Nils Dietrich Sandra Kraft Sputnik GmbH Central Marketing Press and Public Relations technotrans AG Hafenweg 9 Robert-Linnemann-Strasse 17 48155 Münster 48336 Sassenberg Tel.: +49 (0)251 625561-25 Tel.: +49 (0)2583 301-1702 Fax: +49 (0)251 625561-19 Fax: +49 (0)2583 301-1077 [email protected] [email protected] www.sputnik-agentur.de www.technotrans.de--------------------------------------------------------------------------- 08.03.2016 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. 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 443249 08.03.2016
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