DGAP-News

technotrans increases consolidated revenue compared with previous quarter and achieves adjusted EBIT margin on a par with previous year - Seite 3

In the Services segment, business development continued to be adversely affected in particular by corona-related travel restrictions. Segment revenue of € 39.1 million were 11.9 % and thus significantly below the previous year's figure of € 44.4 million. As expected, the segment EBIT was stable at € 5.1 million (previous year: € 6.3 million). The return for the segment of 13.1 % (previous year: 14.2 %), adjusted for one-off effects, reached the previous year's level of 14.3 %.

Growth markets and plastics processing remain stable
The printing industry has stabilised after a recent sharp corona-related downturn but remained well below the previous year's level. In the machine tool industry, the third quarter saw structural burdens in addition to corona effects. This resulted in a decline in revenue in the laser and machine tool industry, which could not be fully offset by the continued growth of the EUV business. Business in the plastics processing industry developed positively thanks to successful sales activities. The same applies to the growth markets. New business in battery and converter thermal management solutions for rail and special vehicles, e-buses and e-trucks contributed to the pleasing business trend. The Group also achieved further successes in medical technology. The ramp-up phase for the serial production of the newly developed blood cooling system will be completed in the fourth quarter of 2020.

Outlook: Focus on technological competence
Following a weakening of the pandemic in the summer months, infection rates are currently rising sharply. Many governments have recently tightened up measures to contain the pandemic. Protecting all employees and business partners against infection and ensuring stable business operations with a high level of sales activity remain top priorities for technotrans.

"We are continuously achieving sales successes and further expanding our market positions even under the current difficult conditions. In addition to project orders for promising rail projects, we have acquired a major order for the cooling of e-bus charging stations and entered into a development partnership with a technology group in the e-truck sector. In the service business, we are pushing forward digitalization. We are also successful internationally: In China, we have acquired leading medical technology OEMs as new customers," says Michael Finger.