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technotrans SE
Earnings Release • May 7, 2019
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Earnings Release
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News Details
Ad-hoc | 7 May 2019 07:41
technotrans SE: adjusted annual forecast for the technotrans Group due to a difficult first quarter and muted growth prospects
technotrans SE / Key word(s): Change in Forecast
technotrans SE: adjusted annual forecast for the technotrans Group due to a difficult first quarter and muted growth prospects
07-May-2019 / 07:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc information Q1
Sassenberg, May 7, 2019. The first quarter of 2019 saw technotrans SE achieve consolidated revenue of EUR 53.1 million and a consolidated operating profit (EBIT) of EUR 3.3 million. With a moderate decline in revenue of 2 %, consolidated EBIT was a substantial 26 % down on the prior-year figure of EUR 4.5 million. A major factor behind this development was investment restraint in the auto-related plastics processing industry. In light of the business performance in the first quarter of 2019 and expectations of a continuing slowdown in economic growth as the year progresses, the Board of Management of technotrans SE is adjusting the forecast for the current financial year for the technotrans Group. The Board of Management anticipates that technotrans will achieve consolidated revenue in the range of EUR 218 to 226 million (previously: EUR 224 to 232 million) and a consolidated operating profit of between EUR 12.0 and 16.0 million (previously: EUR 17.5 to 19.0 million).
07-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| 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: | 807817 |
| End of Announcement | DGAP News Service |