DGAP-News: technotrans SE
/ Key word(s): Quarterly / Interim Statement/9 Month figures
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 %. Revenue and EBIT significantly above the previous year 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 Strategic focus markets as growth drivers 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 Sustainability further developed Revenue forecast adjusted upwards 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
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
09.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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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1247215 09.11.2021
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