Technotrans Charts Path to Profitability, Affirms 2024 and 2025 Forecasts

• technotrans SE confirms forecasts for 2024 and 2025, setting course for profitability despite a decline in Q1 revenue due to economic conditions
• Group revenue in Q1 was €56.0 million, down from €68.3 million the previous year, and EBIT margin reached 0.7% with EBIT at €0.4 million
• The ttSprint efficiency program is progressing as planned, with first restructuring expenses included in Q1 result, resulting in an adjusted EBIT margin of 2.0%
• The Energy Management sector saw a 38% revenue increase, with major orders in the areas of liquid-cooling for data centers and e-mobility
• The company expects business to pick up in the second half of 2024, with major orders in key future technologies and the launch of the ttSprint efficiency program paving the way for increased profitability
• The Board of Management confirms the forecast for the current financial year, expecting revenue between €245 and 270 million with an EBIT margin between 5.5% and 7.5%, and maintains mid-term targets for the 2025 financial year.

The next important date, Quarterly Report 1-3/2024, at Technotrans is on 14.05.2024.

The price of Technotrans at the time of the news was 21,600EUR and was down -0,23 % compared with the previous day.
15 minutes after the article was published, the price was 21,650EUR this corresponds to a plus of +0,23 % since publication.

Technotrans

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ISIN:DE000A0XYGA7WKN:A0XYGA

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