Ad-hoc | 10 May 2011 07:05
technotrans AG / Key word(s): Quarter Results
10.05.2011 07:05
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The start to the new financial year was extremely promising for the
technotrans Group: Revenue reached EUR 24.1 million overall, representing a
rise of 21.8 percent on the previous year (EUR 19.8 million). Both the
continuing moderate recovery in the printing industry and the acquisition
of Termotek AG at the start of the year contributed to this development.
Revenue for the Technology segment therefore climbed 39.6 percent. The
rising revenue and the raft of measures to improve profitability clearly
had an impact during the first quarter of 2011. The operating result (EBIT)
doubled in the first quarter and climbed to EUR 1.2 million (previous year
EUR 0.6 million, + 97.8 percent). At 5.1 percent, the EBIT margin was also
well above the previous year's level (3.2 percent). Because of certain tax
effects net income after the first quarter was only EUR 0.5 million
(previous year EUR 0.3 million), equivalent to earnings per share of EUR
0.08, based on shares outstanding (previous year: EUR 0.05).
Outlook
Management plans for revenue in the order of EUR 100 million for the 2011
financial year (previous year EUR 85.9 million) and are aiming for an
overall EBIT margin of between 6 and 7 percent (previous year 3.5 percent).
The first-quarter performance is in line with expectations and management
is therefore confident about achieving that target.
In order to identify and access additional long-term growth prospects for
technotrans, some time ago a number of projects with the aim of finding
additional applications in other industries for the core skills in liquid
technology had been kicked off. In the meantime these efforts are bearing
fruit as demonstrated by the contacts to Bio Circle and Sauer. Following
intensive testing, Bio-Circle Surface Technology GmbH has decided to offer
technotrans dosing systems complementing their own product range in Europe.
The cooperation with SAUER GmbH, a company belonging to the GILDEMEISTER
Group, is also developing successfully. Sauer offers machines to produce
all dental indications in all materials. Following the successful
completion of tests at the SAUER showroom, the first 'toolsmart', a
technotrans device for cooling and filtering the cooling lubricant used
during machining, will now be installed at customers.
New member to the Board
The Supervisory Board intends to appoint Dr Christof Soest (46) to the
Board of Management with effect from June 1, 2011 at its meeting on May 11,
2011. Dr Soest was Managing Director of Gebr. Becker GmbH, Wuppertal,
before joining technotrans AG in January 2011 as Technical Director. He is
well-versed in handling innovation processes and will now be able to use
this expertise to good effect in the management of technotrans. This move
furthermore suitably increases the management capacity available for
accommodating the long-term growth that the technotrans Group is planning.
Contact: technotrans AG, Investor Relations, Thessa Roderig, Tel. +49
(0)2583/301-1887, email thessa.roderig@technotrans.de
10.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Deutschland
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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