DGAP-News

technotrans AG: technotrans gains ground with increased revenue and profit from non-print activities

DGAP-News: technotrans AG / Key word(s): Interim Report
technotrans AG: technotrans gains ground with increased revenue and
profit from non-print activities

22.08.2014 / 06:52

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First-half revenue up 3.5 percent to EUR 54.3 million / EBIT improves by
31.4 percent to EUR 3.0 million / expectations for 2014 once again
confirmed

Sassenberg, August 22, 2014

The business performance of the technotrans Group in the first half of the
2014 financial year was positive and in line with the targets for the full
year. Overall, revenue rose by 3.5 percent to EUR 54.3 million, up from EUR
52.5 million in the prior-year period. Revenue growth was driven
exclusively by technotrans business outside the printing industry, which
brought in 35 percent of revenue in Q2. Revenue for the second quarter of
2014 amounted to EUR 27.2 million, matching the first-quarter figure and
representing a rise of 3.9 percent on the prior-year quarter (EUR 26.2
million). Earnings before interest and taxes (EBIT) improved by 31.4
percent in the first half of 2014 to EUR 3.0 million (previous year: EUR
2.3 million). The EBIT margin is 5.5 percent (previous year: 4.3 percent).
Compared with the same period of the previous year (EUR 1.2 million) EBIT
for Q2 rose by 32.9 percent to EUR 1.6 million. The net income for the
first six months was EUR 1.9 million (previous year: EUR 1.4 million),
equivalent to earnings per share of EUR 0.28 (previous year: EUR 0.22).

"The overall and industry-specific environment provided a mixed picture in
the second quarter of 2014. While business in the mechanical and plant
engineering sector generally continued to make positive progress, the
printing industry again saw the volume of business fall in the second
quarter. The main reason for this development was that Asian customers held
back with their purchases," explained Henry Brickenkamp, Spokesman of the
Board of technotrans AG. "Amid this challenging environment, the
development of technotrans was in line with our expectations. Thanks to our
activities outside the printing industry, we thus succeeded in defying its
negative trend for the third time in succession."

The companies of the technotrans Group had an average of 770 (previous
year: 772) employees in the first half of 2014.

The Segments
The Technology segment generates just under two-thirds of consolidated
revenue. Of the total revenue of EUR 54.3 million, this segment brought in