EQS-News

technotrans increases revenue by 10 % and confirms strategic targets for 2025

EQS-News: technotrans SE / Key word(s): Annual Results technotrans increases revenue by 10 % and confirms strategic targets for 2025 21.03.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. technotrans increases revenue by 10 % and confirms strategic targets for 2025

• Consolidated revenue of € 262.1 million exceeds previous year by 10 %
• EBIT margin reaches 5.4 %; EBIT at € 14.2 million
• Free cash flow increases significantly to € 12.8 million
• Peter Hirsch, COO/CTO, to leave the Board of Management of technotrans SE prematurely by mutual agreement in March 2024
• Management Board confirms strategic goals for 2025

Sassenberg, March 21, 2024 - The technotrans Group continued its growth trajectory and ended the 2023 financial year with a 10 % increase in revenue to € 262.1 million (previous year: € 238.2 million). Consolidated EBIT remained almost constant at € 14.2 million (previous year: € 14.3  million) despite one-time costs. The EBIT margin reached 5.4 % (previous year: 6.0 %). The return on capital employed (ROCE) of 13.3 % was at the previous year's level. Free cash flow turned back positive with a significant year over year increase of € 16.5 million to € 12.8 million. The focus market Energy Management achieved the highest revenue growth with an increase of 76 %. technotrans ended the financial year with an order backlog of € 74 million. The corresponding book-to-bill ratio was 0.9. A strategy review conducted in the period under review confirmed the Group's overall strategic direction. As part of this, the market for highly specific laser applications will be classified as an additional technotrans focus market with effect from the 2024 financial year. For the 2024 financial year, the Board of Management expects consolidated revenue between € 245 and € 270 million with an EBIT margin between 5.5 % and 7.5 % and a ROCE in the range of 14.0 % to 16.0 %. The strategic targets for 2025 have been confirmed.