DGAP-News

technotrans increases consolidated revenue compared with previous quarter and achieves adjusted EBIT margin on a par with previous year - Seite 4

Based on the business performance in the first nine months of fiscal year 2020, the Board of Management expects consolidated revenue of around € 185 million with an EBIT margin of approx. 2.5 to 3.0 % and a positive free cash flow for fiscal year 2020. The EBIT margin adjusted for one-off effects is expected to reach the previous year's level of 4.0 % despite the decline in revenue. This forecast is subject to the proviso that no corona-related restrictions are imposed in the remaining weeks of 2020 that go beyond the measures initiated by the government at the beginning of November.

"We are counteracting the currently growing challenges posed by the COVID 19 pandemic with a high degree of customer orientation, technological competence, creativity in the development of individual concepts and strict cost control. Our pipeline is full! We will take advantage of the opportunities that present themselves! In the future, we will position ourselves even more strongly for this purpose. We will present the Strategy 2025 at the end of 2020," says Michael Finger.

 

For further information, visit: https://www.technotrans.com

About technotrans SE:

technotrans is a technology company and leading systems supplier of industrial applications in the area of fluid management. The core skills of the Group of companies comprise technological solutions for cooling and temperature control, filtration, handling, measuring and metering. technotrans technology is used in the printing industry, plastics processing industry, laser and machine tool industry as well as in other markets such as medical and scanner technology, and electric mobility. The business model comprises two reporting segments: in the Technology segment, the products and systems are developed and built at production plants in Germany, the USA and China. Through the Services segment, the technotrans Group supplements its range of products with a comprehensive range of services such as installation and maintenance, repairs, parts and Technical Documentation. With 17 locations, technotrans has a presence in all important major markets worldwide.