The technotrans Group made a positive start to the 2022 financial year despite increased challenges. Group revenue reached € 56.7 million in the first quarter and was 7.2 per cent above the previous year. EBIT rose by 8.4 per cent to € 3.1 million with an EBIT margin of 5.5 per cent (previous year: 5.4 pc). Net profit for the period of € 2.0 million exceeded the previous year by 6.9 per cent. Both reporting segments Technology and Services contributed to the positive development.
The strategic focus markets Plastics, Energy Management, Healthcare & Analytics and Print, as well as the selectively covered high-end laser market, recorded a gratifyingly high level of demand. The order backlog reached a new all-time high of € 85 million on March 31, 2022. The book-to-bill ratio, which rose to 1.3, underlines the growth perspective. Under the given general conditions, the Board of Management is very satisfied with the business development in the first three months and confirms the forecast of achieving a consolidated revenue of between € 220 and 230 million with an EBIT margin between 5.0 and 6.0 per cent for the 2022 financial year. The medium-term forecast for 2025 also remains unchanged.
“The importance of precise and energy-efficient thermal management in industrial processes is continuously increasing. This is reflected in the high demand for our solutions in all relevant markets and the excellent order situation. We are very satisfied with the business performance in the first three months of the 2022 financial year,” says Michael Finger, spokesman of the Board of Management of technotrans SE.
A strong increase in revenue was seen in the focus market Print due to the returned willingness to invest. In the selectively considered Laser & Machine Tools market, the strategic focus on selected EUV and high-tech laser applications was also confirmed by the increased revenue.
technotrans has initiated the group-wide switch to paperless technical documentation. At the Sassenberg site alone, this can save up to 1.3 million sheets of paper per year. A photovoltaic system was installed at the Baden-Baden site. This covers about 40 per cent of the electricity demand and is scheduled to go into operation in the second quarter.
Based on the positive performance in the first quarter of 2022 and the strong order backlog, the Board of Management expects the technotrans Group to continue its stable development.
“technotrans has made a strong start to the 2022 financial year despite increased challenges. Based on the very good order situation and the strategically optimised positioning of the Group, we will consistently continue on our profitable growth path,” says Michael Finger.