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technotrans significantly increases consolidated revenue and doubles EBIT in a tight procurement situation

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DGAP-News: technotrans SE / Key word(s): Quarterly / Interim Statement/9 Month figures
09.11.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

technotrans significantly increases consolidated revenue and doubles EBIT in a tight procurement situation

Sassenberg, November 9, 2021 - The technotrans group continues to successfully implement its strategy of profitable growth despite increasing tension in the procurement markets. In the first nine months of the financial year, the group's revenue increased in 2021 by 10.7 % to € 156.6 million (previous year € 141.5 million). Consolidated EBIT reached € 8.2 million (previous year: € 3.9 million) and is more than twice as high. The EBIT margin improved to 5.3 % (previous year: 2.8 %). Main drivers of growth were the strategic focus markets. The book-to-bill ratio of 1.2 signals further growth. Free cash flow reached € 4.5 million (previous year € 3.5 million). The asset and financial situation remains orderly. Provided that the procurement situation does not worsen further, the Board of Management expects group revenue of around € 207 million for the 2021 financial year. Due to the existing supply bottlenecks, it is sticking to achieve an EBIT margin of between 4.5 % and 5.5 %.

"We are very satisfied with the business development in the first nine months. With procurement markets becoming increasingly tight, we achieved double-digit growth in group revenue compared to the previous year and more than doubled EBIT. The Future Ready 2025 strategy, which we are consistently implementing, is having its expected effect. Main growth drivers are the strategic focus markets," says Michael Finger, Spokesman of the Board of Management of technotrans SE.

Revenue and EBIT significantly above the previous year
In the first nine months of the financial year 2021, the technotrans group posted consolidated revenue of € 156.6 million. It was 10.7 % above the previous year (€ 141.5 million). Consolidated EBIT increased by 110.9 % to € 8.2 million. Compared to the previous year's value of € 3.9 million it has more than doubled.

The return on capital employed (ROCE) in September reached 12.2 % (previous year: 6.5 %). Consolidated net profit for the period in the amount of € 5.4 million exceeded the previous year by 122.4 %. Earnings per share improved to € 0.79 and after nine months is already above the amount of € 0.72 generated in the full year 2020.

Asset and financial situation remains orderly
The group's net assets and financial position remains in order. The equity ratio rose to 55.6 % (31 December 2020: 53.6 %). As at the reporting date, the group had cash and cash equivalents amounting to € 16.4 million. Free cash flow increased by 28.6 % compared to the previous year to € 4.5 million.

Segments with profitable growth
Revenue and EBIT of the Technology and Services segments increased compared to the previous year. Revenue in the Technology segment reached € 116.4 million and was 10.2 % above the previous year. Especially due to increased modularisation and a higher volume of series business, a segment EBIT of € 2.1 million (previous year: € ‑1.0 million) with a margin of 1.8% (previous year: ‑1.0%) was achieved. In the Services segment, it was possible to carry out more on-site assignments again after Corona-related travel restrictions were largely lifted. Revenue increased by 12.0 % and reached € 40.2 million (previous year: € 35.9 million). Segment EBIT increased to € 6.1 million (previous year: € 4.9 million) and generated a margin of 15.1 % (previous year: 13.7 %).

Strategic focus markets as growth drivers
The strategic focus markets generated about 73 % of the group's revenue. Healthcare & Analytics developed the highest revenue momentum with growth of 29.1 %. Cooling systems for analytic systems and baggage scanners and the growing healthcare business in the field of blood cooling generated positive impulses. The focus market Plastics followed with a plus of 19.0%. Here technotrans scored particularly well with individual, energy-efficient high-end cooling solutions in compact form as well as with low temperature cooling. In the Energy Management focus market, technotrans further extended its leading position in Europe for battery thermal management systems (BTMS) for rail vehicles. Revenue here has shifted in particular due to supply bottlenecks of core components and is therefore at the previous year's level. As expected, the focus market Print continued to develop stably with a growth in revenue of around 6 % compared to the previous year.

In addition, technotrans achieved a pleasing increase of 13.7 % in the Lasers & Machine Tools segment thanks to its clear strategic focus on individual special solutions. The Technical Documentation division developed as expected with a 3.7% increase in revenue.

Strategy implementation partly faster than planned
technotrans continues to systematically implement its Future Ready 2025 strategy. Central projects currently on the agenda are the mergers of group companies and the umbrella brand strategy. The preparations for the mergers of technotrans solutions (previously: gwk) with Reisner and technotrans with klh reached the milestones set in the period under review ahead of schedule in some cases. The legal closing can therefore take place as planned in the first quarter of the 2022 financial year. gwk and Reisner made their first joint appearances under the "technotrans" umbrella brand at the KUTENO and Fakuma trade shows for the plastics processing industry. The customer response to the new competence, which is unique on the market, and to the branding concept has been gratifyingly positive.

Sustainability further developed
The carbon footprint was identified for all production sites worldwide. From now on, the improvement of the CO2 balance will be tackled even more actively via the newly formed Sustainability Management department. As a concrete step, the installation of a photovoltaic system was commissioned at the Baden-Baden KfW-55 site. The system is to cover around 34 % of the site's own electricity requirements from the beginning of 2022.

Revenue forecast adjusted upwards
Subject to the condition that the procurement markets does not deteriorate further, the Board of Management expects group revenue of around €207 million for the 2021 financial year (previously: at the upper end between €195 and €205 million). Due to the existing supply bottlenecks, it is sticking to achieving an EBIT margin in a range between 4.5 % and 5.5 %.

In addition, it confirms the medium-term targets of organically achieving a revenue in a range of € 265 to 285 million with an EBIT margin between 9.0 % and 12.0 % in the financial year 2025.

"The technotrans group performed very well in the first nine months despite a tight procurement situation. We owe this in particular to our motivated employees and our clear Future Ready 2025 strategy. We want to continue this trend on the basis of the good order backlog. However, the prerequisite for this is that the supply bottlenecks do not worsen and that we receive the required components on time," Michael Finger emphasises.

For further information, visit: www.technotrans.com


About technotrans SE:

technotrans SE is a global technology and service group with its headquarters in Sassenberg in the German Münsterland region. Its application-specific thermal management solutions are the core competence of the company. This also includes the energetic optimisation and control of the temperature of sophisticated technological applications. With 17 sites, the company has a presence in all the major markets worldwide. Based on its Future Ready 2025 strategy, the group has defined four focus markets: Plastics, Healthcare & Analytics, Energy Management (including E-Mobility, high power charging stations and data centres) and Print. In addition, the technology company provides highly specific solutions for the Laser & Machine Tools market. Furthermore, technotrans offers a wide range of services including, for example, construction site installations, maintenance, repairs, 24/7 spare parts supply and technical documentations. As of 2021, the individual companies of the group - technotrans SE, technotrans solutions GmbH (formerly: gwk Gesellschaft für Wärme Kältetechnik mbH), termotek GmbH, klh Kältetechnik GmbH and Reisner Cooling Solutions GmbH - are unified under the technotrans umbrella brand. An exception is gds GmbH, with its headquarters in Sassenberg, as a full-service supplier of technical documentation services which will remain a separate brand within the group of companies. technotrans SE is listed on the Prime Standard segment (ISIN: DE000A0XYGA7 / WKN: A0X YGA) and has a global workforce of more than 1,400 employees. In the 2020 financial year, the group generated consolidated revenue of € 190.5 million.

 

Note

This communication contains statements on the future development of the technotrans group. These reflect the present views of the management of technotrans SE and are based on the corresponding plans, estimates and expectations. We point out that the statements are subject to certain risks and uncertainties which could mean that the actual results differ considerably from those expected

Contact for journalists:

Contact for publishers' representatives:

Lukas Schenk
Sputnik GmbH
Presse and Public Relations
Hafenweg 9
48155 Münster
Tel.: +49 (0) 2 51 / 62 55 61-131
Fax: +49 (0) 2 51 / 62 55 61-19
schenk@sputnik-agentur.de
www.sputnik-agentur.de

Frank Dernesch
Investor Relations
technotrans SE
Robert-Linnemann-Strasse 17
48336 Sassenberg
Tel.: +49 (0)2583 301-1868
Fax: +49 (0)2583 301-1054
frank.dernesch@technotrans.de
www.technotrans.com
 

 

 


09.11.2021 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

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:

1247215


 

End of News

DGAP News Service

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