DGAP-News: technotrans AG / Key word(s): Interim Report/Quarterly / Interim
Statement
technotrans AG holds ground in challenging environment
04.05.2016 / 06:37
The issuer is solely responsible for the content of this announcement.
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Q1 Quarterly Communication
- Revenue and profit remain stable in first quarter
- Positive development in service business
- Forecast for full year confirmed
Sassenberg, May 4, 2016 - technotrans AG has made a good start to 2016 in
the face of growing global challenges. The company posted a slight fall of
0.5 percent in revenue to EUR 30.4 million due to the weaker performance in
the mechanical and plant engineering sector. The net profit for the period
matched the prior-year figure at EUR 1.5 million, and the return on sales
held steady at 4.8 percent. The Board of Management of technotrans AG has
reaffirmed the growth targets for the current financial year.
"Despite the many global economic and geopolitical challenges, we have made
a satisfactory start to the new financial year," declared Henry
Brickenkamp, Chief Executive Officer of technotrans AG. The group remains
on a steady course of growth, underpinned by its various market areas.
Admittedly negative exchange rate movements amounting to EUR 0.2 million
ate into the operating result (EBIT), which was some 10.2 percent down on
the comparative figure for the strong prior-year quarter at EUR 2.1
million. The reported EBIT margin was 6.8 percent, compared with 7.5
percent in the previous year.
However the figures after adjustment for exchange rate differences yielded
a better financial performance that was in line with expectations for the
financial year. "The subdued revenue and earnings performance in the first
quarter is attributable to the weak economic environment but chimes with
our expectations regarding what the financial year holds in store,"
stressed Brickenkamp.
For the first time, activities outside the printing industry were unable to
contribute towards revenue growth; meanwhile print business continued to
develop healthily. All in all, revenue for the Technology segment dropped
3.5 percent to EUR 20.0 million. The operating profit (EBIT) of EUR 0.4
million was slightly below the level for the same period of the previous
year.
Service business remains on growth trajectory
The positive trend in service business continued in the first quarter:
revenue from this area of business grew 5.7 percent to EUR 10.4 million.
Growth was driven both by follow-on business in the technology markets and
by a pleasing rate of revenue growth in the technical documentation area.
The financial performance in EBIT terms remained stable at EUR 1.7 million,
on a par with the prior-year period. This figure already includes the
elevated costs of consultancy services in connection with the acquisition
of 51 percent of Ovidius GmbH announced at the start of April.
Ovidius GmbH and its subsidiary develop XML-based content management and
editorial systems, and as such complement the product portfolio of gds
GmbH. Last year, their revenue came to EUR 2.5 million and they are
operating profitably. First-time consolidation takes place in the second
quarter of 2016.
Management reaffirms forecast for 2016
The Board of Management is cautiously optimistic in its outlook for the
current financial year: "We are confident of achieving our targets for 2016
overall, assuming the economic climate remains on an even keel," explained
Brickenkamp. It envisages revenue for the current financial year coming in
at between EUR 126 and 132 million, and the EBIT margin lying within a
range of 7.5 to 8.0 percent. For planning purposes EBIT will therefore need
to be between EUR 9.5 and EUR 10.5 million.
At the Annual General Meeting of technotrans AG on May 12, 2016 the Board
of Management and Supervisory Board will propose the distribution of a
dividend of EUR 0.48 per no par value share on the share capital bearing
dividend entitlements.
The main performance indicators at a glance
<pre>
ASSETS (EUR '000) Change from the previous year Q1 2016 Q1 2015
Revenues -0.5% 30,403 30,570
Technology -3.5% 19,953 20,769
Services 5.7% 10,450 9,891
EBITDA -7.5% 2,835 3,064
EBITDA margin (%) 9.3 10.0
EBIT -10.2% 2,060 2,294
EBIT margin (%) 6.8 7.5
Net profit for the period1 -0.4% 1,459 1,465
in percent of revenue 4.8 4.8
Net profit per share (EUR) 0.0% 0.22 0.22
Balance sheet total -1.4% 78,382 79,479
Equity 7.1% 52,945 49,451
Equity ratio (%) 67.5 62.2
Return on equity (%)2 2.8 3.0
Net debt3 62.7% -12,878 -7,917
Free cash flow4 -53.7% 1,369 2,956
Employees (average) 4.8% 824 786
</pre>
<pre>
1 Net profit for = profit attributable to technotrans AG shareholders
the period
2 Return on = net profit for period / equity attributable to
equity technotrans AG shareholders
3 Net debt = interest-bearing financial liabilities - cash
4 Free cash flow = net cash from operating activities + net cash used for
investments acc. to Cash Flow Statement
</pre>
The full Quarterly Report is available both online and as a download under
Investor Relations, in the Financial Reports section.
For further information, visit: http://www.technotrans.de
About technotrans AG:
<pre>
The technotrans Group produces, sells and modernises applications in the
area of liquid technology. These applications include cooling, temperature
control, filtration, measuring and metering. With 21 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. As a manufacturer of peripherals, technotrans is a leading system
partner to the printing industry. Through product innovations and targeted
acquisitions, the group has moreover steadily moved into new areas such as
the laser industry, machine tools, stamping and forming technology,
batteries and inverters, as well as medical and scanner technology. At the
heart of the corporate strategy is sustained, profit-led growth.
technotrans
is a stock corporation listed in the Prime Standard (ISIN: DE000A0XYGA7 /
WKN:
A0X YGA) and employs around 830 people worldwide. The company achieved
revenue of EUR 122.8 million in the 2015 financial year.
</pre>
<pre>
Contact for journalists: IR contact:
Nils Dietrich Katharina Arens
Sputnik GmbH Assistant to the Board
Press and Public Relations technotrans AG
Hafenweg 9 Robert-Linnemann-Strasse 17
48155 Münster 48336 Sassenberg
Tel.: +49 (0)251 625561-25 Tel.: +49 (0)2583 301-1890
Fax: +49 (0)251 625561-19 Fax: +49 (0)2583 301-1054
dietrich@sputnik-agentur.de katharina.arens@technotrans.de
www.sputnik-agentur.de www.technotrans.de
</pre>
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04.05.2016 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.
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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460575 04.05.2016
DGAP-News: technotrans AG holds ground in challenging environment
| Source: EQS Group AG