technotrans SE

Earnings Release • Aug 5, 2008

News Details

Ad-hoc | 5 August 2008 07:25

Half Year Interim Financial Report of technotrans AG

technotrans AG / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Group revenue in the second quarter 2008 again remained below the
prior-year level. Amounting to € 33.4 million, it was almost € 5 million or
12.6 percent down on the figure at the corresponding point in the previous
year. At the half-way mark, revenue therefore totalled only € 70.7 million,
a downturn of 7.7 percent (previous year € 76.6 million). Whereas the
Services segment maintained its healthy progress with growth of 6 percent,
investment reticence in the run-up to the drupa industry exhibition and the
weaker economic environment affected the Technology segment to a much
greater degree than had been expected.

Although the gross margin of 33.1 percent was stabilised more or less at
the customary level after six months, gross profit fell by 9.9 percent or
around € 2.5 million due to lower revenue. The together with the rise in
distribution costs by almost € 1 million in connection with the drupa
prompted a decline in the operating result to € 4.8 million (previous year
€ 7.8 million). The EBIT margin was only 6.8 percent in the first half. Net
income after six months was € 2.6 million (previous year 4.7 million),
equivalent to earnings per share (average number of shares outstanding) of
€ 0.41 (previous year € 0.70).

In view of cyclical weakness and the meagre impetus given by the drupa,
management is working on the assumption that it will not be possible to
make good the first half's revenue shortfall of around € 10 million on the
budgeted target in the second half of the year. Rather, the company is
working on the assumption that it will miss the revenue target for the full
year of € 160 million by probably around € 15 million. In order to
stabilise and boost earnings in these circumstances, a number of measures
have been implemented that will improve the operating result by € 3 million
per year, and it is expect to realise around € 2 million in such savings in
the current financial year. The objective, based on the new revenue
forecast, is an EBIT margin of 7 to 8 percent for the year as a whole. The
necessary instruments to react flexibly to a fluctuation in demand are
implemented and have proven their effectiveness already in the past.

The Interim Financial Report and the full press release are available for
downloading on the Internet at www.technotrans.com, Investor Relations.

Contact: Thessa Roderig, Investor Relations, phone +49 (0) 2583 / 301-1887
05.08.2008 Financial News transmitted by DGAP

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Language: English
Issuer: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Deutschland
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: info@technotrans.de
Internet: http://www.technotrans.de
ISIN: DE0007449001
WKN: 744900
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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