DGAP-Adhoc: technotrans AG: technotrans results for financial year 2011

technotrans AG  / Key word(s): Final Results

13.03.2012 06:54

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The technotrans group returned to a growth pathway in the 2011 financial
year. Revenue rose by 13.2 percent to EUR 97.3 million (previous year EUR
85.9 million). This increase owed much to Termotek AG, a specialist
supplier of cooling systems for lasers, which was acquired in January 2011.
Also the group's financial performance improved in 2011. Only the
insolvency of manroland AG, the second-largest customer, left deep scars on
the fourth-quarter earnings figures. At the time of manroland AG's filing
for insolvency, the technotrans Group had net receivables from the former
amounting to some EUR 1.3 million and consequently the EBIT margin for the
full year was pushed down to 4.9 percent. Excluding the non-recurring
effect of the impairment, the margin would have reached 6.3 percent.

The net profit for the 2011 financial year doubled compared with the
previous year (EUR 1.5 million) to EUR 3.0 million. Earnings per share, for
shares outstanding, are therefore EUR 0.47 (previous year EUR 0.24). In the
interest of the future growth of the company management proposes to
distribute no dividend for fiscal year 2011.

New Markets
For some time now technotrans is pursuing a number of promising projects in
order to apply the core skills of the company to other areas of the
industry. The aim is to generate 30 percent of the revenue outside the
printing industry in three years' time at the latest. With the takeover of
Termotek AG in 2011, technotrans has gained a foothold in an interesting
growth market for laser applications. In addition the technotrans Group and
KLH Kältetechnik GmbH have concluded a cooperation agreement. KLH's
customers include leading manufacturers of laser applications. The
partnership between the two companies involves the sales, service,
manufacturing and purchasing areas.

The organic activities away from the printing industry also progressed
well. For example technotrans was chosen as volume production supplier of a
self-developed preparation system for cooling lubricant - the toolsmart -
for the machine tool manufacturer Sauer GmbH, which is part of the
Gildemeister group. The first systems were delivered in 2011 and they are
expected to generate a notable level of revenue from 2012.

Outlook
Bearing in mind the business performance in the closing months of the 2011
financial year and the current situation of slow business at the start of
this year, management approaches the plans for the new financial year only
with cautious optimism. The aim is to generate revenue of EUR 90 to 95
million in the 2012 financial year in the technotrans group and to achieve
an EBIT margin of 5 to 6 percent at the anticipated level of revenue. An
improvement in the economic climate would prompt management to review the
targets.

As matters stand management expects the underlying situation to improve in
the second half of 2012. This, together with the strategic options, would
pave the way for both increasing revenue to as much as EUR 110 million in
the 2013 financial year, and making substantial progress in terms of
profitability and increasing the EBIT margin further up to 10 percent.

Download: The full Annual Report can be downloaded from the internet on
www.technotrans.com, under Investor Relations - Reports.

Contact: technotrans AG, Investor Relations, Thessa Roderig, phone only by
mobile on March 13: +49 171 310 82 98, e-mail thessa.roderig@technotrans.de


13.03.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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:       info@technotrans.de
Internet:     http://www.technotrans.de
ISIN:         DE000A0XYGA7
WKN:          A0XYGA
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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