DGAP-News

technotrans AG steps up pace of growth - Seite 2

elimination of these effects, technotrans AG is fully on track to meet
expectations for the 2016 financial year at the nine-month mark,"
emphasised Brickenkamp.

This positive development is also reflected in the individual segments. The
Technology segment benefited on the one hand from pleasingly steady demand
from the printing industry, and on the other hand technotrans gradually
increased its business in the other technology areas. In this case revenue
rose by 12.5 percent to EUR 68.7 million, with gwk contributing EUR 3.6
million. The business performance in the Services segment was equally
positive; the segment benefited both from follow-on business in the
technology markets and from substantial revenue growth in Technical
Documentation. The extra revenue from the takeover of gwk and the
acquisition of a 51 percent stake in Ovidius GmbH in the spring added up to
EUR 2.5 million in this segment in the period under review.

Forecast adjusted
In light of the acquisitions completed and the associated costs,
technotrans adjusts its expectations for the full year. From the present
perspective the company anticipates that revenue for 2016 will reach around
EUR 150 million, representing a clear increase on the original guidance of
EUR 126 to 132 million. As before, EBIT is expected to lie within a
corridor of EUR 9.5 to 10.5 million. The adjusted revenue and profit
expectations yield an EBIT margin in the order of 6.3 to 7.0 percent. The
range had previously been expected to be 7.5 to 8.0 percent.

"We anticipate that from 2017 the EBIT margin will stabilise and develop at
a higher level thanks to realising synergy effects," remarked Brickenkamp.
The Board of Management also confirms the medium term goal of increasing
revenue to over EUR 200 million. technotrans will provide guidance on firm
revenue and earnings targets for the coming year with the publication of
the 2016 Annual Report on March 14, 2017.

For further information, visit: http://www.technotrans.de

About technotrans AG:

The technotrans Group produces, sells and modernises applications in the
area of liquid technology. These applications include cooling, temperature
control, filtration, measuring and metering. With 24 locations, the company
based in the Münsterland town of Sassenberg enjoys a presence in all major
markets worldwide. The group is organised into the Technology and Services
segments. As a manufacturer of peripherals, technotrans is a leading system
partner to the printing industry. Through product innovations and targeted