technotrans SE

Earnings Release • Aug 10, 2004

News Details

Ad-hoc | 10 August 2004 07:38

technotrans back on Growth Track in Financial Year 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– technotrans back on Growth Track in Financial Year 2004 technotrans, leading systems supplier of equipment for the printing industry and the manufacture of micro technology, is able to look back on a highly satisfactory second quarter to 2004. Revenue growth continued to gain momentum. The factor behind the increase of 15.5 percent compared with the previous year to revenue of EUR 28.1 million (previous year: EUR 24.3 million) was the Print segment, which was up by almost EUR 3.5 million or 21.5 percent on the prior- year quarter alone. With consolidated revenue reaching EUR 54.8 million mid-way through 2004 (previous year EUR 50.1 million), the growth rate was 9.3 percent. The rise in revenue was reflected by a substantial improvement in earnings. Gross earnings at the six-month mark were up 15.4 percent to EUR 18.8 million (previous year EUR 16.2 million). In particular as a result of the DRUPA, which takes place only once every four years, distribution costs rose sharply in the first half (+ EUR 892,000 compared with previous year). In spite of this burden, the operating profit at the year’s mid-point was up by 62.6 percent to EUR 4.7 million (previous year EUR 2.9 million). The rate of return for the segments at last returned to the excellent level of 9.4 percent (previous year 6.4 percent) in the second quarter. The net profit half way through the year is just under EUR 2.8 million (+ 180 percent), equivalent to earnings per share of EUR 0.42 (previous year EUR 991,000 or EUR 0.15 per share). At the year’s midway point, cash flow had risen to EUR 7.8 million (previous year: EUR 5.2 million), representing growth of 50 percent. The free cash flow likewise touched a record level of more than EUR 7.0 million (previous year EUR 3.9 million). The rise in revenue since mid-2003 once again resulted in the recruitment of additional personnel. Whereas the group numbered only 577 employees on June 30, 2003, by June 30, 2004 the total had already risen to 606. This rise was due primarily to the extension of production capacity, particularly at the German sites. Download: the comprehensive press release as well as the full HY 2004 Interim Report can be downloaded from the Internet at http://www.technotrans.com , section News resp. Investor Relations. Contact: Thessa Roderig, Investor Relations, +49 (0) 2583 301 887 end of ad-hoc-announcement (c)DGAP 10.08.2004 ——————————————————————————– WKN: 744900; ISIN: DE0007449001; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 100738 Aug 04