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Last updateWed, 21 Sep 2022 8pm
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technotrans significantly increases revenue and earnings in 1st half of 2022

- Group revenue rises by 9 % in 1st half to € 113.9 million (previous year: € 104.4 million)

- EBIT grows by 18 % to € 6.2 million (previous year: € 5.3 million)
- EBIT margin rises to 5.5 % (previous year: 5.0 %)
- Order backlog reaches a new record level of € 94 million
- Board of Management confirms forecast for 2022

The technotrans Group has further extended its revenue and earnings growth in the first half of 2022 despite increasing challenges in the procurement markets, following a strong first quarter, and remains on target. Group turnover reached € 113.9 million and was 9% above the previous year. Group operating profit (EBIT) increased significantly by 18 % to € 6.2 million. This corresponds to an EBIT margin of 5.5 % (previous year: 5.0 %). Demand for innovative and energy-efficient thermal management solutions continued to increase in all relevant markets. The order book reached a new all-time high of € 94 million. The book-to-bill ratio of 1.3 underlines the continuous growth. The Executive Board confirms the forecast of achieving consolidated revenue of between €220 million and €230 million in the 2022 financial year with an EBIT margin of between 5.0% and 6.0%. The medium-term forecast for the 2025 financial year also remains unchanged.
"Energy-efficient thermal management is increasingly appreciated in times of rising energy prices and high environmental orientation. This is also evidenced by the very good order situation in all relevant markets. Given the prevailing conditions, we are very satisfied with the course of business in the first 6 months of the 2022 financial year," says Michael Finger, Spokesman of the Board of Management of technotrans SE.
Revenue and earnings significantly higher
The technotrans Group generated consolidated revenue of € 113.9 million in the first half of 2022, which was 9 % up on the previous year. The consolidated operating result (EBIT) improved by 18 % to € 6.2 million. The EBIT margin increased to 5.5% (previous year: 5.0%). The return on capital employed (ROCE) recorded a noticeable increase from 10.5 % to 11.8 %. The profit for the period of € 4.1 million exceeded the previous year by 18 %. Earnings per share increased significantly to € 0.59 (previous year: € 0.50). The group's asset and financial situation remained solid. The equity ratio was 53.2 % at 30 June 2022.
Strong demand for technotrans solutions
There was strong demand for technotrans solutions in the strategic focus markets of Plastics, Energy Management, Healthcare & Analytics and Print, as well as in the Laser & Machine Tools market. By contrast, the availability of materials deteriorated again, which in some cases led to shifts in revenue. Profitability remained on target thanks to fair price passing on to customers and strict cost management based on the Future Ready 2025 strategy.
Consistent implementation of the Future Ready 2025 strategy
The consistent implementation of the Future Ready 2025 strategy was fully on track in the first half of 2022. With the legal completion of the mergers of the group companies Reisner Cooling Solutions GmbH with technotrans solutions GmbH and KLH Kältetechnik GmbH with technotrans SE, the technotrans Group reached a significant milestone in its strategy in the period under review. The renaming of termotek GmbH as technotrans systems GmbH successfully completed the establishment of the umbrella brand.
Sustainability further extended through new developments
technotrans pressed ahead with its sustainability efforts both within the group and externally with its products. A new photovoltaic system was installed at the Baden-Baden plant, which will generate around 40 % of the electricity required there. In addition, the external sustainability focus was on the development and presentation of new, highly efficient thermal management systems. These included the world's first 850 volt DC battery cooling system for road and special vehicles or the refrigerant-free electrothermal cooling system for laboratory technology.
Outlook
The Executive Board reaffirms its expectation of achieving consolidated revenue of between €220 million and €230 million in the 2022 financial year, with an EBIT margin in a range between 5.0 and 6.0 % and ROCE between 12.5 and 14.0 %. The forecast is subject to the proviso that the challenges of the economic environment do not worsen due to the looming energy crisis or setbacks in the fight against Corona. The medium-term forecast for the 2025 financial year remains unchanged.

"technotrans performed very well in the first half of 2022 despite the difficult environment. We offer precisely the expertise that our customers need to overcome the current challenges. We are continuing on our course of profitable growth and will systematically expand technotrans' expertise and performance for our customers," says Michael Finger.

www.technotrans.de

 

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