07.08.2018
technotrans SE DE000A0XYGA7
DGAP-News: technotrans SE benefits from strong technology business
DGAP-News: technotrans SE / Key word(s): Half Year Results
technotrans SE benefits from strong technology business
07.08.2018 / 07:01
The issuer is solely responsible for the content of this announcement.
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First-Half Report
- Revenue up 4.1 percent to EUR 107.4 million
- Clear improvement in operating profit for Technology segment
- Forecast for 2018 confirmed
Sassenberg, August 7, 2018 - technotrans SE can look back on a successful
first half of 2018. Business with the new technology markets and the
plastics processing industry stood out as the clear driver of growth. The
company increased its overall revenue by 4.1 percent in the period under
review, to EUR 107.4 million. Operating profit (EBIT) climbed 7.9 percent to
EUR 9.1 million, and the corresponding margin improved by 0.3 percentage
points to 8.5 percent. technotrans also reaffirmed the forecast for the full
year.
"We are very satisfied with the business performance of the technotrans
Group in the first half," remarked Dirk Engel, Chief Executive Officer of
technotrans SE. He emphasised how the group had both grown and become more
profitable. Net income went up 5.9 percent to EUR 6.4 million, producing a
return on sales of 6.0 percent.
The development in the Technology segment was especially pleasing, with
revenue rising 6.3 percent to EUR 78.5 million. The operating margin (EBIT)
for that segment improved by 0.6 points to 5.7 percent, equivalent to a
profit of EUR 4.5 million. The growth markets (electric mobility,
semiconductors, medical and scanner technology) and also the plastics
processing industry were major contributing factors, with orders received
and revenue both rising sharply. Compared with the prior-year period, the
activities in the printing industry achieved slight growth. Overall,
technotrans generated 60.2 percent of revenue outside the print area.
Revenue for the Services segment, at EUR 28.8 million, fell slightly short
of the reference period for the previous year. It was ultimately not
possible to maintain the high revenue share from the printing industry. All
the same, the segment confirmed its healthy financial performance with an
operating profit (EBIT) of EUR 4.6 million. The EBIT margin edged up from
15.9 percent to 16.0 percent.
In view of the healthy levels of orders and capacity utilisation, the Board
of Management reaffirms the revenue and earnings targets for the year as a
whole: "On top of what we have already achieved, the outlook for the various
markets gives us due cause to be generally optimistic about the next
months," explained Engel. Revenue is accordingly expected to come in at
between EUR 212 and 220 million. The operating profit should reach EUR 18 to
20 million. The recently acquired companies Reisner Cooling Solutions GmbH
and Hahn Enersave GmbH are likely to contribute revenue in the low
single-digit millions for the current financial year.
The Board of Management furthermore confirms the medium-term targets of
driving revenue up to EUR 300 million. The company aims to achieve that with
an organic growth rate of five to six percent annually by 2020. Further
growth is to be generated by M&A activities.
For further information, visit http://www.technotrans.de
About technotrans SE:
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 20
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 Societas Europaea listed in the Prime
Standard (ISIN: DE000A0XYGA7 / WKN: A0X YGA) and employs around 1,400
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 SE
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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07.08.2018 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 SE
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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