DGAP-News: technotrans consistently implements Future Ready 2025 strategy and significantly increases consolidated revenue and EBIT in the 2021 financial year
With consolidated revenue up 10.8 % to 211.1 million, technotrans exceeded the forecast last raised in November 2021 and achieved the second-highest revenue in the company's history.
DGAP-News: technotrans SE / Key word(s): Annual Results technotrans consistently implements Future Ready 2025 strategy and significantly increases consolidated revenue and EBIT in the 2021 financial year 15.03.2022 / 07:00 The issuer is solely responsible for the content of this announcement. technotrans consistently implements Future Ready 2025 strategy and significantly increases consolidated revenue and EBIT in the 2021 financial year
Sassenberg, March 15, 2022 - The technotrans Group achieved all its targets in the first year of implementation of the Future Ready 2025 strategy. The transformation process unfolded its effect despite challenging framework conditions. With consolidated revenue up 10.8 % to € 211.1 million, technotrans exceeded the forecast last raised in November 2021 and achieved the second-highest revenue in the company's history. Consolidated EBIT increased significantly by 62.7 % to € 11.0 million. The EBIT margin improved by 1.6 percentage points to 5.2 %. The ROCE (return on capital employed) rose significantly to 12.5 % (previous year: 7.8 %). Growth in the focus markets Plastics, Energy Management, Healthcare & Analytics and Print exceeded expectations. The specialised business in the Laser & Machine Tools segment also recorded growth. Both the Technology and Services segments generated higher revenue and earnings contributions than in the previous year. The free cash flow of € 10.0 million more than doubled (previous year: € 3.9 million). The increase in the equity ratio to 57.6 % as at December 31, 2021 (previous year: 53.6 %) demonstrates the solid asset and financial situation. The order book reached an all-time high at the end of the year. Together with a book-to-bill ratio of 1.2, this is a clear sign of further growth.
Note This communication contains statements on the future development of the technotrans group. These reflect the present views of the management of technotrans SE and are based on the corresponding plans, estimates and expectations. We point out that the statements are subject to certain risks and uncertainties which could mean that the actual results differ considerably from those expected.
15.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | technotrans SE |
Robert-Linnemann-Str. 17 | |
48336 Sassenberg | |
Germany | |
Phone: | +49 (0)2583 - 301 - 1000 |
Fax: | +49 (0)2583 - 301 - 1030 |
E-mail: | [email protected] |
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 |
EQS News ID: | 1302273 |
End of News | DGAP News Service |
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1302273 15.03.2022