technotrans SE
technotrans AG steps up pace of growth
DGAP-News: technotrans AG / Key word(s): 9-month figures/Quarterly / Interim Statement Nine-Month Report – Revenue exceeds EUR 100 million mark – Non-recurring and one-off effects from acquisitions – Company confirms organic growth targets Sassenberg, October 28, 2016 – technotrans AG has maintained its rate of growth over the first nine months of the current financial year: revenue including the recently acquired businesses was up 12.7 percent at EUR 103.3 million. In organic terms the company achieved solid growth of 6.1 percent. The reported earnings before interest and taxes (EBIT) fell by 3.8 percent to EUR 6.5 million due to non-recurring, acquisition-related effects. Disregarding these one-off additional costs, EBIT rose by 8.0 percent to EUR 7.3 million and was therefore within the forecast range for the full year. technotrans also confirmed the organic growth targets. “The dominant event in the third quarter was the takeover of gwk Gesellschaft Wärme Kältetechnik GmbH in August,” remarked Henry Brickenkamp, Chief Executive Officer of technotrans AG. Through the acquisition, this supplier of liquid technology applications has widened its range of activities to include plastics engineering, and at the same time bolstered its worldwide position in the market for cooling and temperature control solutions. The acquisition of gwk, consolidated with effect from September 1, had a significant impact on the result for the first nine months. For example reported revenue including the acquired business was up 12.7 percent at EUR 103.3 million. The adjusted figures showed 6.1 percent revenue growth to EUR 97.2 million. Among other factors, the difference is attributable to the revenue contribution of around five million euros which gwk generated in September. EBIT for the group dipped slightly to EUR 6.5 million, representing a margin of 6.3 percent. Excluding non-recurring effects, the figure was EUR 7.3 million (7.5 percent margin). The net income for the period climbed 2.8 percent to EUR 4.6 million, and the return on sales reached 4.5 percent (previous year: 4.9 percent). One-off effects from takeover This positive development is also reflected in the individual segments. The Technology segment benefited on the one hand from pleasingly steady demand from the printing industry, and on the other hand technotrans gradually increased its business in the other technology areas. In this case revenue rose by 12.5 percent to EUR 68.7 million, with gwk contributing EUR 3.6 million. The business performance in the Services segment was equally positive; the segment benefited both from follow-on business in the technology markets and from substantial revenue growth in Technical Documentation. The extra revenue from the takeover of gwk and the acquisition of a 51 percent stake in Ovidius GmbH in the spring added up to EUR 2.5 million in this segment in the period under review. Forecast adjusted “We anticipate that from 2017 the EBIT margin will stabilise and develop at a higher level thanks to realising synergy effects,” remarked Brickenkamp. The Board of Management also confirms the medium term goal of increasing revenue to over EUR 200 million. technotrans will provide guidance on firm revenue and earnings targets for the coming year with the publication of the 2016 Annual Report on March 14, 2017. For further information, visit: http://www.technotrans.de About technotrans AG:
2016-10-28 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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, Tradegate Exchange | |
End of News | DGAP News Service |