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technotrans exceeds group revenue and earnings forecast for 2020 according to preliminary figures

·2-min read

technotrans SE / Key word(s): Preliminary Results
technotrans exceeds group revenue and earnings forecast for 2020 according to preliminary figures

03-Feb-2021 / 11:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Sassenberg, February 3, 2021 - According to preliminary figures, the technotrans group achieves a group revenue of EUR 190.5 million in the 2020 financial year. The preliminary group operating result (EBIT) is approximately at EUR 6.8 million. This corresponds to a group EBIT margin of 3.6 percent.

technotrans SE's revenue and earnings development was better than expected, particularly in the fourth quarter of 2020. According to the preliminary figures, cumulative group revenue for the full financial year 2020 are more than EUR 5 million above the most recently published forecast of EUR 185 million and above analysts' estimates. The original range of group EBIT and group EBIT margin was between EUR 4.6 - 5.6 million (now EUR 6.8 million) and 2.5 - 3.0 percent (now 3.6 percent) respectively.

The decisive factor for this development was the positive course of business in the last two months of the year. In addition to the initial effects of the adjusted cost structure, it was in particular revenue realized in the short term that led to the significant increase in the group operating result (EBIT) and thus the group EBIT margin.

technotrans SE will publish the final business figures for 2020 and the audited full Consolidated Financial Statements on March 9, 2021.

Contact: technotrans SE
Investor Relations
Frank Dernesch
Tel. +49 (0)2583/301-1868
E-mail: frank.dernesch@technotrans.de

End of ad hoc information

03-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

info@technotrans.de

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

EQS News ID:

1165475


 

End of Announcement

DGAP News Service

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