technotrans Group records strong nine-month-performance

Group revenue increases by 13% to 176.8 million Euro

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technotrans board of management
technotrans board of management

The technotrans Group, a supplier of chilling and circulation systems for the dampening systems of sheetfed and web offset presses, has further extended its revenue and earnings growth in the first nine months of the 2022 financial year despite challenging framework conditions. After a very strong third quarter, group revenue rose by 13% to 176.8 million Euros (previous year: 156.6 million Euros), helping it to achieve the highest nine-month revenue in the company’s history. 

The increase in the group’s EBIT was even stronger, with a plus of 27% to 10.4 million Euros. At 5.9 %, the EBIT margin reached the upper end of the forecast (previous year: 5.3 %). The all-time-high order backlog of 99 million Euros and the book-to-bill ratio of 1.2 signal a continuation of the growth trend. 

The board of management confirms the forecast of achieving a group revenue at the upper end of the range between 220 Euros and 230 million Euros and an EBIT margin at the upper end of the range between 5% and 6% in the 2022 financial year. The medium-term forecast for the 2025 financial year remains unchanged.

technotrans remains on track for growth. The high demand for our innovative, energy-efficient solutions confirms our strategic orientation. Revenue in the third quarter and the first nine months of the 2022 financial year mark new all-time highs. The same applies to the order backlog of 99 million Euros, which extends well into the 2023 financial year. The external challenges have increased again. We are therefore very satisfied with the business performance in the first 9 months of the 2022 financial year,” says Michael Finger, spokesman of the board of management of Technotran.

Revenue and EBIT increases 

The technotrans Group generated consolidated revenue of 176.8 million Euros in the first nine months of 2022, which was 13% up on the previous year’s figure of 156.6 million Euros. Consolidated EBIT even rose by 27% to 10.4 million Euros. At 5.9%, the EBIT margin reached the upper end of the forecast range (previous year: 5,3 %). Return on capital employed (ROCE) increased slightly to 12.4 % (previous year: 12,2 %). Net profit for the period increased significantly by 27 % to 6.9 million Euros. Earnings per share reached 1.00 Euro (previous year: 0.79 Euro) and already reached the level of the full year 2021 after nine months. The Group’s net assets and financial position remained solid, with an equity ratio of 53.7% as of 30 September 2022.

Momentum picks up

Demand for technotrans systems and services remained at a high level across all relevant markets in the third quarter. The particularly high revenue growth in the energy management segment of 62 % compared to the previous year should be emphasized, which resulted in particular from a strong increase in deliveries of battery thermal management systems for rail vehicles.

Sustainability progress

technotrans continued to pursue consistently its strategic objectives in the area of sustainability in the third quarter. One highlight is the commissioning of the new photovoltaic plant in Baden-Baden, which covers almost 40 % of the energy demand of this location. As an important milestone in the long-term sustainable orientation of the company, technotrans has also announced its commitment to climate-neutral production at all its locations worldwide by 2030. 

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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