Technotrans : benefits from strong technology business

07.08.2018
Category: technotrans, 2018, Investor Relations

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.

The full first-half report 2018 is available to download from Investor Relations/Financial Reports section of the company website.

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