EQS-News

technotrans Annual General Meeting: transformation for higher profitability

EQS-News: technotrans SE / Key word(s): AGM/EGM technotrans Annual General Meeting: transformation for higher profitability 17.05.2024 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. technotrans Annual General Meeting: transformation for higher profitability

• Proposed dividend distribution of € 0.62 per share approved
• Florian Herger elected to the Supervisory Board as shareholder representative
• Approval for the creation of new authorized capital for 5 years
• Board of Management confirms targets for the financial years 2024 and 2025

Sassenberg, May 17, 2024 - The Annual General Meeting of technotrans SE resolved to distribute a dividend of € 0.62 per share (previous year: € 0.64) and elected Florian Herger to the Supervisory Board as shareholder representative. Moreover, the creation of new authorized capital for the next 5 years was approved. In his speeches, the Board of Management emphasized the performance in the 2023 financial year, which technotrans closed with all-time high revenue despite a challenging economic environment. He also provided insights into the further development towards a market-oriented organization to improve profitability. Despite a subdued start in the first quarter of 2024, the Board of Management reaffirmed the targets for the current financial year and the medium-term targets for 2025.

"We have grown in turbulent times and were able to increase revenue by 10 % to € 262.1 million. A new all-time high since our foundation in 1970," said Michael Finger, CEO of technotrans SE. "Our thanks in particular go to our employees worldwide. Together we have demonstrated to be strong and resilient. We will continue on the growth trajectory we have embarked on." The thermal management specialist recorded strong growth of 76 %, particularly in the Energy Management focus market. In addition, technotrans made significant technological progress in key areas, particularly in electromobility and in the field of liquid cooling for data centers.