EQS-News

technotrans sets course for profitability and confirms forecasts for 2024 and 2025

EQS-News: technotrans SE / Key word(s): Quarterly / Interim Statement technotrans sets course for profitability and confirms forecasts for 2024 and 2025 14.05.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. technotrans sets course for profitability and confirms forecasts for 2024 and 2025

• Decline in revenue in Q1 due to general economic conditions - Group revenue at € 56.0 million
  (previous year: € 68.3 million)
• EBIT margin reaches 0.7 % (previous year: 5.2 %) with EBIT being at € 0.4 million
  (previous year: € 3.5 million)
• ttSprint efficiency program progressing according to plan
• First restructuring expenses included in Q1 result - adjusted EBIT margin amounts to 2.0%
• Energy Management with 38% revenue increase
• Major orders in the areas of liquid-cooling for data centers and e-mobility

Sassenberg, May 14, 2024 - As expected, due to the weak economic environment the technotrans Group made a muted start into the 2024 financial year. In the first 3 months, the thermal management specialist generated consolidated revenue of € 56.0 million (previous year: € 68.3 million). Consolidated EBIT amounted to € 0.4 million (previous year: € 3.5 million). First restructuring expenses of € 0.7 million in connection with the ttSprint efficiency program were already included in the EBIT.  The EBIT margin was 0.7 % (previous year: 5.2 %), the adjusted EBIT margin reached 2.0 % accordingly. Return on capital employed (ROCE) amounted to 10.3 % (previous year: 13.0 %). The technotrans Board of Management expects business to pick up in the second half of 2024. technotrans already paved the way for an increase in profitability at the start of the year with major orders in key future technologies and the launch of the ttSprint efficiency program. The Board of Management confirms the forecast for the current financial year and continues to expect revenue between € 245 and 270 million with an EBIT margin between 5.5 % and 7.5 %. The mid-term targets for the 2025 financial year are also confirmed.