technotrans SE
technotrans AG meets all growth targets in 2016
DGAP-News: technotrans AG / Key word(s): Final Results
Sassenberg, March 14, 2017 – technotrans AG can look back on the 2016 financial year as a huge success: in the period under review the group accomplished a significant leap in revenue of 23.6 percent to EUR 151.8 million. Profit at EBIT level of EUR 9.7 million (up 8.7 percent) is the company’s best result for nine years. technotrans consequently achieved all of its objectives despite the non-recurring effects arising from the acquisitions completed in the course of the year. A marked increase in the dividend to EUR 0.55 is planned. “Despite the challenges presented by the takeovers and their integration, we maintained our pace of growth and achieved our goals,” stressed Brickenkamp. For example revenue disregarding the acquired businesses was up 7.8 percent at EUR 132.5 million, while operating profit at EBIT level grew 11.3 percent to EUR 10.0 million. This represents a margin of 7.5 percent (previous year: 7.3 percent). As a result, both the adjusted forecast following the GWK acquisition and the original forecast from one year ago were achieved. Below the line, net income came to EUR 7.3 million (up 16.8 percent). Growth in all areas of business In the Services segment, revenue grew by 16.4 percent to EUR 48.2 million. This growth is substantially attributable to the acquisitions completed in the period under review. Adjusted growth came to 3.5 percent. As in the previous year, the result for the segment was EUR 6.8 million. This figure includes additional costs and charges related to the acquisitions, with the effect that the EBIT margin fell to 14.2 (previous year: 16.5 percent). The adjusted rate of return for the segment is, however, in line with expectations. For the financial year in progress, the Board of Management expects revenue in the range of EUR 185 – 195 million, assuming stable global economic conditions. The operating result at EBIT level is forecast to lie within a range of EUR 12.0 – 14.0 million. This would represent an EBIT margin of between 6.5 and 7.2 percent. This target does not take account of new acquisitions. On May 12, 2017 at the Annual General Meeting of technotrans AG, the Board of Management and Supervisory Board will propose the distribution of a dividend of EUR 0.55 per no par value share on the share capital bearing dividend entitlements. This compares with a profit participation of EUR 0.48 in the previous year. For further information, visit: http://www.technotrans.de About technotrans AG:
14.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | technotrans AG |
Robert-Linnemann-Str. 17 | |
48336 Sassenberg | |
Germany | |
Phone: | +49 (0)2583 – 301 – 1000 |
Fax: | +49 (0)2583 – 301 – 1030 |
E-mail: | info@technotrans.de |
Internet: | http://www.technotrans.de |
ISIN: | DE000A0XYGA7 |
WKN: | A0XYGA |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |