DGAP-News: technotrans AG / Key word(s): Interim Report
technotrans AG: technotrans maintains growth
08.05.2015 / 06:51
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Successful start to year
- Operating profit up 63.5 percent
- Growth away from printing industry continues
- Forecast for the current financial year confirmed
Sassenberg, May 8, 2015 - technotrans AG is able to report a very
successful start to the 2015 financial year: the company increased its
operating profit (EBIT) for the first quarter of 2015 by 63.5 percent
compared with the prior-year period, to EUR 2.3 million. Revenue reached
EUR 30.6 million, representing growth of 12.9 percent. The growth segments
outside the printing industry were the main contributors to this positive
business performance. In light of these results, the Board of Management
has confirmed its full-year forecast.
"Our group of companies has made a very successful start to the new
financial year of 2015," commented Henry Brickenkamp, Chief Executive
Officer of technotrans AG. The substantial growth in the operating result
pushed the EBIT margin up to 7.5 percent (previous year: 5.2 percent). The
consolidated result after tax grew by 72.9 percent to EUR 1.5 million. This
represents a rate of return of 4.8 percent (previous year: 3.3 percent).
Total revenue reached EUR 30.6 million, up 12.9 percent on the figure for
the prior-year period. The performance of the very strong closing quarter
of 2014 (EUR 30.2 million) was also bettered. Revenue streams from outside
the printing industry were the biggest contributors to this development: in
that area the group companies between them achieved organic revenue growth
of around 30 percent. "This development again underlines just how
successful the group's strategic direction is proving to be," stressed
Brickenkamp.
technotrans now earns 35 percent of its revenue away from the printing
industry, with the activities in mechanical and plant engineering, battery
cooling as well as medical and scanner technology especially successful in
the period under review. Along with Asia and Europe, the American economic
region provided growth impetus. "We have also acquired more new customers,
over and above increasing the volume of business with established
customers," added Brickenkamp. Business with customers from the printing
industry, too, made positive progress, while not quite being on a par with
the outstanding development in Q4 2014.
Turnaround in Technology segment
In the Technology segment, revenue was up 17.0 percent on the prior-year
period at EUR 20.7 million. This development is mainly attributable to the
successful expansion of business in the non-print area. Here, the segment
profited both from strong business in the laser industry and from a growing
revenue share for the self-developed technologies for temperature control,
filtration, cooling lubricant preparation and spray lubrication. Revenue
streams from the printing industry were moreover up on the first quarter of
2014, the result of both successfully expanding the market shares in offset
printing and of growing demand in the area of digital and flexographic
printing. The segment achieved earnings before interest and taxes (EBIT) of
EUR 0.6 million, in a turnaround from a slight loss of EUR 0.1 million in
the prior-year period.
The Services segment achieved revenue growth of 5.2 percent to EUR 9.9
million in the first quarter of 2015 compared with the same period of the
previous year (EUR 9.4 million). This rise stems substantially from the
billing of a number of installation projects in the print business area and
from successfully expanded service activities in the new market segments.
The operating profit climbed by 9.5 percent to EUR 1.7 million.
Against the backdrop of a positive business performance, net liquidity for
the group in the first three months improved from EUR 4.8 million in the
final quarter of 2014 to EUR 7.9 million. The cash flow (net cash from
operating activities) came to EUR 3.4 million in the period under review
and was therefore 12.5 percent above the level of the prior-year quarter.
Equity grew by 4.2 percent in Q1 to EUR 49.5 million, producing an equity
ratio of 62.2 percent.
Forecast confirmed
"We are very satisfied with the first quarter's progress, which all things
considered surpassed our expectations," explained Brickenkamp. As matters
stand the Board of Management expects full-year revenue to achieve the
forecast level of EUR 116 to 120 million. Based on the improvement in
operating profit over the past few quarters, the target EBIT margin should
be between 6.8 and 7.3 percent, equivalent to EBIT of EUR 7.8 to 8.8
million.
The main performance indicators at a glance
<pre>
Q1/15 Q1/14 2.014 2.013
Revenue 30.6 27.1 112.4 105.2
Technology 20.7 17.7 73.8 66.0
Services 9.9 9.4 38.6 39.2
EBITDA 3.1 2.1 9.9 7.8
EBIT 2.3 1.4 6.8 4.6
Net profit 1.5 0.9 4.4 3.0
</pre>
The full 3-Month Report 2015 is available to download from Investor
Relations/Financial Reports section of the company website.
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 22 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 converters, 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 790 people worldwide. The company achieved
revenue of EUR 112.4 million in the 2014 financial year.
</pre>
<pre>
Contact for journalists: Contact for publishers' representatives:
Christian Wopen Sandra Kraft
Sputnik GmbH Central Marketing
Press and Public Relations technotrans AG
Hafenweg 9 Robert-Linnemann-Str. 17
48155 Münster 48336 Sassenberg, Germany
Tel.: +49 (0)251 625561-21 Tel.: +49 (0)2583 301-1702
Fax: +49 (0)251 625561-19 Fax: +49 (0)2583 301-1077
wopen@sputnik-agentur.de sandra.kraft@technotrans.de
www.sputnik-agentur.de www.technotrans.de
</pre>
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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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354827 08.05.2015
DGAP-News: technotrans AG: technotrans maintains growth
| Source: EQS Group AG