DGAP-News

technotrans AG steps up pace of growth

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