Contact
QR code for the current URL

Story Box-ID: 1112347

technotrans SE Robert-Linnemann-Str. 17 48336 Sassenberg, Germany http://www.technotrans.de
Contact Mr Lukas Schenk +49 251 625561131
Company logo of technotrans SE

technotrans Annual General Meeting: all operational and strategic targets achieved

Successful first year of implementing Future Ready 2025 strategy / Change in Supervisory Board line-up / Dividend distribution of € 0.51 resolved / Strong development despite challenging conditions

(PresseBox) (Sassenberg, )
The Annual General Meeting of technotrans SE conducted virtually today has resolved the distribution of a dividend of € 0.51 per share (previous year: € 0.36) and elected Sebastian Reppegather as new member of the Supervisory Board. Dr Norbert Bröcker steps down as shareholder representative on the Supervisory Board of technotrans SE with effect from the close of this year’s Annual General Meeting. The Board of Management speeches emphasised the successful implementation of the Future Ready 2025 strategy in the 2021 financial year, paving the way for the strong financial performance. Among other achievements, this specialist company in the field of thermal management significantly increased its revenue, profitability and liquidity year on year. The Board of Management also underlined the strong start to the first quarter of 2022 and reaffirmed the forecast for the current financial year. It declared the Group to be well-equipped for the challenges of the future.

“With the Future Ready 2025 strategy, we have put the technotrans Group on course for a successful future. This is a strategy that focuses emphatically on the market. A strategy that is divided into two phases. In the current phase 1, we wanted to shore up stability and profitability. We impressively achieved that. We turned things round in the very first year of the measures,” declared technotrans Chief Executive Officer Michael Finger at this year’s Annual General Meeting. Because of the pandemic, the meeting was conducted under a virtual format for the third time. The CEO asserted the strategy had made technotrans even stronger and enabled a positive development in extremely challenging times. Finger thanked the more than 1,400-strong technotrans workforce for its high commitment: “Only by working together as a team was it possible to handle such a year successfully. Throughout this unprecedented time you have demonstrated resilience and huge dedication.”

The past financial year saw the technotrans Group post the second-highest revenue figure in its history, at € 211.1 million. The EBIT margin, ROCE, free cash flow and equity ratio equally showed a marked improvement on the previous year. The thermal management specialist maintained its path of profitable growth in the first quarter of the 2022 financial year: revenue, consolidated operating profit, EBIT margin and book-to-bill ratio were all up year on year. The order backlog even reached a new all-time high of € 85 million on March 31, 2022. In addition, technotrans managed to complete its umbrella brand strategy sooner than planned with the merger and renaming of its companies.

Change of line-up for Supervisory Board

The resolution on the distribution of a dividend of € 0.51 per share was passed by a majority – this payout is around 42 % up on the previous year. The distribution rate is 50 % and therefore in line with the technology group’s dividend policy. Those eligible to vote also elected Sebastian Reppegather as new member of the Supervisory Board. Reppegather is currently an Administrative Board member of SNP Schneider-Neureither & Partner SE in Heidelberg, as well as Senior Investment Director & Head of Listed Investments at Luxempart S.A. in Leudelange, Luxembourg. Dr Norbert Bröcker announced his intention to step back for personal reasons and left the Supervisory Board of technotrans SE with the close of this year’s Annual General Meeting. Dr Bröcker served as Supervisory Board member for 15 years, including as its Deputy Chair for some 12 years.

Confident outlook and focus on innovations

Peter Hirsch, Board of Management member for the Technology & Operations areas, used his speech to highlight the Group’s technological strength: “technotrans possesses a unique breadth of application knowledge. That is what makes us the leading development partner and solution provider for our customers. With our innovative capability and cross-industry expertise, we develop thermal management systems of the highest calibre and performance for and with our customers,” stated Hirsch. Hirsch, whose contract was extended by the Supervisory Board the previous day to December 31, 2025, also stressed the high priority that technotrans gives to sustainable action. For Hirsch, sustainability begins with all the company’s research and development activities and with the design process for its products. These are configured for maximum possible energy efficiency and low global warming potential, and as such actively help to shrink the carbon footprint of technotrans customers.

The Board of Management also reasserted its medium-term targets. For the current 2022 financial year, it expects revenue in the range of € 220 to € 230 million and an EBIT margin of between 5.0 % and 6.0 %. technotrans’ target for 2025 is organic revenue growth to between € 265 and € 285 million and an EBIT margin in the range of 9.0 % to 12 %. Further pandemic-related disruption, knock-on effects of the war in Ukraine and acquisitions are not built into these projections. Although the geopolitical situation remains tense and the coronavirus pandemic is not yet over, continuing demand from the focus markets and the high order backlog make the Board of Management’s optimistic that it should be possible to maintain profitable growth in 2022. “We have a clear strategy and are methodically putting it into action. Our assumptions have been borne out and we are emphatically on track,” summarised Michael Finger.

technotrans SE

technotrans SE is a technology and services group with worldwide operations. The company's core skill focuses on application-specific solutions in the area of thermal management. As an integral aspect of customer systems, these solutions optimise energy consumption and govern the temperatures encountered in sophisticated technological applications. With 17 locations, the Group has a presence in all major markets worldwide. Based on the Future Ready 2025 strategy, technotrans has defined the four focus markets Plastics, Energy Management (including electric mobility, high power charging stations and data centres), Healthcare & Analytics and Print. The technology company also develops highly specialised cooling and filtration solutions for the Laser & Machine Tools area. technotrans furthermore offers its customers an extensive portfolio of services including installation, maintenance, repair, a 24/7 parts supply and technical documentation. The Group has five manufacturing locations in Germany, one in China and one in the United States. technotrans SE is listed in the Prime Standard (ISIN: DE000A0XYGA7 / WKN: A0XYGA) and employs over 1,400 people worldwide. The Group reported revenue of € 211.1 million for the 2021 financial year.

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2024, All rights reserved

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.