technotrans profits as customers keep their cool

Mar 25, 2024 at 03:26 pm by admin

Press ancillary systems maker technotrans’ focus on the energy management market has paid off, achieving a 76 per cent increase in highest revenue growth, and contributing to a 74 million Euro order backlog.

The company has announced a ten per cent increase in revenue and confirmed its strategic targets for 2025.

technotrans SE chief exective Michael Finger reported a major order for the cooling of innovative fast-charging posts and the entry into the market for liquid-cooled data centres as “significant milestones in the company's development”.

Consolidated EBIT remained “almost constant” at 14.2 million Euros (previous year: 14.3 million Euros).

The EBIT margin was impacted by temporary burdens in the first half of 2023 such as delays in passing on increased material prices to customers, the ramp-up costs for the new production site in Steinhagen and the increased use of temporary staff to reduce the order backlog.

The plastics & print, and laser & machine tools focus markets also contributed to growth, but healthcare & analytics did not reach the previous year's revenue level due to a temporary consolidation of inventories by customers.

Finger said other strategic building blocks were a geographical focus on Europe and North America, and the implementation of a market-oriented organisation, with the possibility that mergsers & acquisitions may supplement organic growth.

A review of strategy confirmed the group’s overall strategic direction, as part of which the market for highly-specific laser applications will become an additional focus market.

Revenue in the technology segment increased by 10.8 per cent to 199.6 million Euros (previous year: 180.2 million Euros), and the sales in the services segment growth of 7.8 per cent to 62.5 million Euros.

Following his resignation, the responsibilities of chief operating and technology officer Peter Hirsch have been transferred to Finger and chief financial officer Robin Schaede, with the management board to consist of two members in future.

Pictured: Robin Schaede and Michael Finger

Sections: Print business


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