technotrans Group records strong nine-month-performance

Group revenue increases by 13% to 176.8 million Euro

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technotrans board of management
technotrans board of management

The technotrans Group, a supplier of chilling and circulation systems for the dampening systems of sheetfed and web offset presses, has further extended its revenue and earnings growth in the first nine months of the 2022 financial year despite challenging framework conditions. After a very strong third quarter, group revenue rose by 13% to 176.8 million Euros (previous year: 156.6 million Euros), helping it to achieve the highest nine-month revenue in the company’s history. 

The increase in the group’s EBIT was even stronger, with a plus of 27% to 10.4 million Euros. At 5.9 %, the EBIT margin reached the upper end of the forecast (previous year: 5.3 %). The all-time-high order backlog of 99 million Euros and the book-to-bill ratio of 1.2 signal a continuation of the growth trend. 

The board of management confirms the forecast of achieving a group revenue at the upper end of the range between 220 Euros and 230 million Euros and an EBIT margin at the upper end of the range between 5% and 6% in the 2022 financial year. The medium-term forecast for the 2025 financial year remains unchanged.

technotrans remains on track for growth. The high demand for our innovative, energy-efficient solutions confirms our strategic orientation. Revenue in the third quarter and the first nine months of the 2022 financial year mark new all-time highs. The same applies to the order backlog of 99 million Euros, which extends well into the 2023 financial year. The external challenges have increased again. We are therefore very satisfied with the business performance in the first 9 months of the 2022 financial year,” says Michael Finger, spokesman of the board of management of Technotran.

Revenue and EBIT increases 

The technotrans Group generated consolidated revenue of 176.8 million Euros in the first nine months of 2022, which was 13% up on the previous year’s figure of 156.6 million Euros. Consolidated EBIT even rose by 27% to 10.4 million Euros. At 5.9%, the EBIT margin reached the upper end of the forecast range (previous year: 5,3 %). Return on capital employed (ROCE) increased slightly to 12.4 % (previous year: 12,2 %). Net profit for the period increased significantly by 27 % to 6.9 million Euros. Earnings per share reached 1.00 Euro (previous year: 0.79 Euro) and already reached the level of the full year 2021 after nine months. The Group’s net assets and financial position remained solid, with an equity ratio of 53.7% as of 30 September 2022.

Momentum picks up

Demand for technotrans systems and services remained at a high level across all relevant markets in the third quarter. The particularly high revenue growth in the energy management segment of 62 % compared to the previous year should be emphasized, which resulted in particular from a strong increase in deliveries of battery thermal management systems for rail vehicles.

Sustainability progress

technotrans continued to pursue consistently its strategic objectives in the area of sustainability in the third quarter. One highlight is the commissioning of the new photovoltaic plant in Baden-Baden, which covers almost 40 % of the energy demand of this location. As an important milestone in the long-term sustainable orientation of the company, technotrans has also announced its commitment to climate-neutral production at all its locations worldwide by 2030. 

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