technotrans SE

Earnings Release • Aug 9, 2001

News Details

Ad-hoc | 9 August 2001 07:55

technotrans AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The first half of the 2001 financial year was very successful for the technotrans Group, a leading systems supplier of equipment for the manufacture of print and optical storage media, underpinning the growth expectations for the year as a whole (revenue of EUR 135 million): Group revenue rose by 41 percent to EUR 66.3 million, much more sharply than the scheduled growth rate of 30 percent. The result for the segments rose to EUR 6.4 million (+36.6 percent), and consolidated net profit reached EUR 2.5 million. This corresponds to earnings per share eliminating the capital increases of EUR 1.16 (previous year: EUR 0.87), considering the two acquisitions made at the start of the year and the fact that the new Japanese subsidiary commenced trading in May, this is a very respectable result. The number of employees within the group has risen from 465 to 630 since mid-way through last year, an increase of 165 employees or 35.5 percent. In addition to the acquisitions, new production capacity has fuelled growth in this area. (EUR 000) Q2 01 Q2 00 HJ 01 HJ 00 Revenue 33.668 24.652 36,6% 66.269 47.012 41,0% EBITDA 2.814 2.153 30,7% 7.319 5.764 27,0% Op. profit. 1.973 1.034 90,8% 5.597 4.120 35,8% EBIT 1.635 1.081 51,2% 4.745 4.122 15,1% Profit bef. tax. 1.197 863 38,7% 3.920 3.845 2,0% Net Profit 827 352 134,9% 2.492 1.881 32,5% EPS 0,38 0,16 1,16 0,87 The Interim Report is available for download at http://www.technotrans.de end of ad hoc announcement (c) DGAP 09.08.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: The segments: The Print segment has achieved high growth in both revenue and earnings. It generated revenue of EUR 51.3 million, accounting for over 77 percent of the total for the company. This year, the result for the segment of just under EUR 3.5 million is dominated by the development and expansion of the new production site in California, where special equipment for the American sheet-fed offset market will be manufactured in future, by the product mix one year on from the DRUPA, and by the new subsidiary in Japan. The target is to regain a double- digit rate of return already by next year. With revenue up by 24 percent to almost EUR 5.3 million, this was an impressive advance on the record-breaking figure for 2000 in the CD/DVD segment, given the difficult situation within the branch. This achievement is almost exclusively attributable to organic business; the contribution to sales made by Toolex, which is now a major customer following the acquisition five months ago, remains negligible. The result for the segment showed a significant improvement on the two previous quarters; despite the burden of the acquisition, it is only slightly down on the prior-year level at EUR 668 thousand. Whereas the earnings share is 11 percent of gross earnings, the revenue share of this segment is currently less than 8 percent as a result of high growth in the Print segment. The Services segment, which includes the new business area of Technical Documentation as well as the Product Support Service, continues to enjoy steady growth in both revenue and earnings. Revenue touched EUR 9.8 million (+ 34.5 percent) in the first half of the year, and earnings rose to EUR 1.8 million (+ 63.1 percent). The segment is thus contributing 30 percent of gross earnings, with a satisfactory rate of return of almost 19 percent. Whereas sales of equipment to Toolex in the CD/DVD sector were low, the customer base from this acquisition has already generated considerable revenue and earnings in the Services segment. Technical Documentation is likewise developing as scheduled. ——————————————————————————– WKN: 744900; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 090755 Aug 01