Corporate | 10 August 2015 06:46
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technotrans AG / Key word(s): Half Year Results
technotrans AG achieves double-digit growth in first half of 2015 – Operating profit (EBIT) up 49.6 percent – New technologies contribute bulk of growth – Business performance at upper end of annual plan Sassenberg, August 10, 2015 – technotrans AG has consistently maintained its growth rate in the first half of 2015, with a marked improvement in profitability. The company increased its operating profit (EBIT) by 49.6 percent to EUR 4.4 million. That represents a margin of 7.4 percent and is therefore wholly in line with the plans. The same applies to revenue, which increased by 11.1 percent to EUR 60.3 million. For the year as a whole, the Board of Management expects the above performance indicators to be at the top end of the ranges forecast. “After a strong start to the year we have made steady business progress amid a challenging environment,” declared Henry Brickenkamp, Chief Executive Officer of technotrans AG. The consolidated result after tax for the first half of 2015 was EUR 3.0 million, representing a 58.1 percent increase on the previous year. The rate of return was 4.9 percent (previous year: 3.5 percent). Revenue grew by 9.4 percent to EUR 29.8 million in the second quarter. The operating result (EBIT) for the quarter under review reached EUR 2.1 million, 37.1 percent up on the corresponding figure for the previous year. In the Technology segment, revenue for the year to date was up 14.6 percent at EUR 40.3 million. The strategy adopted of tapping new areas of business outside the printing industry again had a positive effect and contributed the bulk of growth. Here, the group’s companies between them increased their revenue by roughly 22 percent. Strong business in the laser industry and growing revenue shares for the self-developed technologies for temperature control, filtration, cooling lubricant preparation and spray lubrication emerged as growth drivers. 35 percent of revenue is now generated in this area.
Profitable growth in the Technology segment
The operating profit (EBIT) for this area came to EUR 1.1 million in the first half. This contrasts with a loss for the segment of EUR 0.2 million for the corresponding period of the previous year. The rate of return for the segment developed positively, as expected, reaching 2.8 percent at June 30. Revenue for the Services segment grew 4.8 percent to EUR 20.0 million in the first half of 2015. This increase was driven largely by Technology after-sales business. The result for the segment of EUR 3.3 million showed a slight improvement on the prior-year figure of EUR 3.2 million. Only service business in the Technical Documentation area failed to live up to expectations at the end of the first half.
Forecast confirmed
The main performance indicators at a glance
The full First-Half Report 2015 is available to download from the Investor Relations/Financial Reports section of the company website. For further information, visit: http://www.technotrans.de About technotrans AG:
2015-08-10 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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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| 384955 2015-08-10 |