DGAP-News: technotrans AG / Key word(s): 9-month figures/Quarterly / Interim
Statement
technotrans AG steps up pace of growth
28.10.2016 / 06:46
The issuer is solely responsible for the content of this announcement.
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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
The non-recurring effects largely result from the costs for the
acquisitions completed in 2016, the integration of the companies acquired,
as well as expenditure associated with the consolidation process. "After
elimination of these effects, technotrans AG is fully on track to meet
expectations for the 2016 financial year at the nine-month mark,"
emphasised Brickenkamp.
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
In light of the acquisitions completed and the associated costs,
technotrans adjusts its expectations for the full year. From the present
perspective the company anticipates that revenue for 2016 will reach around
EUR 150 million, representing a clear increase on the original guidance of
EUR 126 to 132 million. As before, EBIT is expected to lie within a
corridor of EUR 9.5 to 10.5 million. The adjusted revenue and profit
expectations yield an EBIT margin in the order of 6.3 to 7.0 percent. The
range had previously been expected to be 7.5 to 8.0 percent.
"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:
<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 24 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 inverters, plastics processing 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 1,290 people
worldwide. The company achieved revenue of EUR 122.8 million in the 2015
financial year.
</pre>
<pre>
Contact for journalists: Contact for publishers' representatives:
Nils Dietrich Sandra Kraft
Sputnik GmbH Central Marketing
Press and Public Relations technotrans AG
Hafenweg 9 Robert-Linnemann-Strasse 17
48155 Münster 48336 Sassenberg
Tel.: +49 (0)251 625561-25 Tel.: +49 (0)2583 301-1702
Fax: +49 (0)251 625561-19 Fax: +49 (0)2583 301-1077
dietrich@sputnik-agentur.de sandra.kraft@technotrans.de
www.sputnik-agentur.de www.technotrans.de
</pre>
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28.10.2016 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.
Archive at www.dgap.de
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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, Tradegate Exchange
End of News DGAP News Service
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515481 28.10.2016
DGAP-News: technotrans AG steps up pace of growth
| Source: EQS Group AG