Technotrans: 2024 financial year on track

Technotrans remained on target in the first nine months of the financial year despite the weak economic environment. Consolidated revenue amounted to € 175.5 million (previous year: € 199.3 million). The consolidated operating result (EBIT) amounted to € 7.6 million (previous year: € 10.1 million). This corresponds to an EBIT margin of 4.3% (previous year: 5.1%). EBIT includes one-off expenses of € 1.3 million. Without these, the EBIT margin would have been at the previous year's level of 5.1%. The return on capital employed (ROCE) amounted to 10.8 % (previous year: 12.3 %). "Technotrans achieved a stable performance in the third quarter of 2024 - despite a difficult economic environment - and remained on target in the nine-month period. This was due in particular to the continued high revenue growth in the Energy Management focus market, strong service business and the first positive effects of the ttSprint efficiency program," says Michael Finger, CEO of Technotrans SE.

Technotrans forecast for the 2024 financial year specified

The ttSprint efficiency program was driven forward as planned. The book-to-bill ratio of 1.0 at the end of the third quarter signals a solid generation of new business. In view of the continuing economic burdens, the Management Board is specifying the forecast for the 2024 financial year and expects revenue at the lower end of the range between € 245 million and € 270 million with an EBIT margin at the lower end of the range between 5.5 % and 7.5 % and a return on capital employed (ROCE) at the lower end of the range between 14.0 % and 16.0 %. The Technotrans Group generated revenue of € 60.2 million in the third quarter, slightly up on the previous quarter.

Medium-term forecast for the 2025 financial year adjusted

In view of the weak economic forecasts for 2025, the Board of Management of Technotrans SE has adjusted the medium-term forecast for the 2025 financial year and expects consolidated revenue in a range of € 245 million to € 265 million (previously: € 265 million to € 285 million) with a consolidated EBIT margin of 7.0 % to 9.0 % (previously: 9.0 % to 12.0 %). The return on capital employed (ROCE) is expected to be in the range of 13.0% to 16.0% (previously: > 15%). There has been a change on the Technotrans Management Board: Management Board member Robin Schaede is leaving the company's Management Board for personal reasons. Robin Schaede's contract ends prematurely on November 30, 2024, and the Supervisory Board is already working on succession planning. Natascha Sander, Head of Group Controlling, has been temporarily put in charge of the Finance department during the transition phase.