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technotrans SE Investor Presentation 2025
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Investor Presentation
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Webcast Annual Report 2024
POWER TO TRANSFORM - STRATEGY INTO RESULTS
Michael Finger | CEO
Natascha Sander | CFO
Sassenberg, April 2 2025
technotrans
ANNUAL REPORT 2024
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Agenda
- Highlights
- Focus Markets
- Financials
- Strategy & Outlook
HIGHLIGHTS FINANCIAL YEAR 2024
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ESG | Sustainability
Products
Energy Efficiency
Use of natural refrigerants:
- Cooling of battery and power electronics
- New product for laboratory cooling
- Large refrigeration systems
Infrastructure
- Green hydrogen for heating of Holzwickede site
- E-mobility for vehicle fleet expanded
- Public transportation connection HQ Sassenberg
- Reduction of waste volume by 12.9 %
HIGHLIGHTS FINANCIAL YEAR 2024
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Economic development 2024
| FY 2024 | FY 2023 | Δ | ||
|---|---|---|---|---|
| Revenue | m € | 238.1 | 262.1 | -24 |
| EBIT | m € | 12.3 | 14.2 | -1.9 |
| EBIT (adjusted) | m € | 14.4 | 14.2 | +0.2 |
| EBIT margin | % | 5.2 | 5.4 | -3.7 |
| EBIT margin (adjusted) | % | 6.0 | 5.4 | +0.6 |
| ROCE | % | 11.8 | 13.3 | -11.3 |
| ROCE (adjusted) | % | 13.8 | 13.3 | +0.5 |
| Employees | 1,514 | 1,598 | -84 | |
| Dividend | € | 0.53 | 0.62 | -0.09 |
2024 Highlights
- 24 m € less revenue due to economic headwinds
- 2,1 m € restructuring cost for re-organisation
- Performance increased quarter by quarter
- Efficiency program ttSprint successful
- Adjusted EBIT margin at 6 %
- Dividend proposal 0.53 € /share
FOCUS MARKETS
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ENERGY MANAGEMENT
FOCUS MARKET WITH THE HIGHEST GROWTH RATE
REVENUE 35.6 m € (+ 27 %)
REVENUE SHARE 15 % (11 %)
HIGHLIGHTS
- BTMS rail/road: Robust demand
- E-Busses: Large volume orders
- Railway: Railway inverter cooling, international supplier
- Datacentres: Market entry liquid cooling, large volume orders
TREND
FOCUS MARKETS
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ECONOMIC IMPACT & POSITIVE DRUPA IMPULSE
REVENUE 81.1 m € (- 12 %)
REVENUE SHARE 34 % (35 %)
HIGHLIGHTS
- Trade show debut of new alpha.c system with natural refrigerant R290 (propane)
- Signs of recovery after drupa trade show
- Packaging and label printing are driving growth
TREND
FOCUS MARKETS
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PLASTICS
ECONOMY DAMPENING INVESTMENTS IN COOLING PLANTS
REVENUE 51.0 m € (- 10 %)
REVENUE SHARE 21 % (22 %)
HIGHLIGHTS
- New energy efficient solutions with natural refrigerants presented on Fakuma
- Global sole supplier for energy efficient temperature control units for battery production for a German car manufacturer
- Partnership with enesty
TREND
FOCUS MARKETS
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HEALTHCARE & ANALYTICS
STABLE BUSINESS WITH A POSITIVE OUTLOOK
REVENUE
14.8 m € (- 4 %)
REVENUE SHARE
6 % (6 %)
HIGHLIGHTS
- New volume orders for medical diagnostics
- Launch of new cooling device with twin concept and natural refrigerant propane
- Clean-Room has established itself very well, booked out for 2025
TREND
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FOCUS MARKETS
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LASER
MOST AFFECTED BY ECONOMIC DOWNTURN
REVENUE 41.7 m € (- 25 %)
REVENUE SHARE 18 % (21 %)
HIGHLIGHTS
- High-precision cooling systems supplied for battery production
- Systems for high-end-semiconductor production (EUV) progressing independently from economy
TREND
FINANCIALS
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Increasing performance over the course of the year
- Group revenue affected by economically and politically challenging environment
- Revenue stabilize over the course of the year
- Q4 2024 strongest quarter with € 62.5 million
- Growth continues to be driven by the focus market of Energy Management
- EBIT for the full year of € 12.3 million with a margin of 5.2 %
- Decline in earnings driven by revenues; partially offset by efficiency gains, a higher share of services and an optimized product mix
- Restructuring costs of € 2.1 million included
- EBIT adjusted for restructuring costs amounts € 14.4 million and EBIT margin 6.0 %, both above previous year
- Significant performance increase over the course of the year
- Adjusted EBIT margin of 8.7 % in Q4 2024 outstanding
*EBIT was adjusted for restructuring costs.
*EBIT was adjusted for restructuring costs.
FINANCIALS
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Segment Technology
- Revenue reduction due to challenging economic conditions
- Revenue recovery over time
- Particularly strong performance in the focus market Energy Management (+28% compared to previous year)
- Focus markets Print and Laser declining
- Decline in earnings due to lack of economies of scale
- Efficiency gains, product mix optimization and short-time work only partially offset
- Negative impact of € 1.1 million due to restructuring costs
- EBIT adjusted for restructuring costs € 4.7 million
- Adjusted EBIT margin of 2.6% at previous year's level
FINANCIALS
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Segment Services
- Revenue decline due to weak economic environment
- Focus markets print and laser particularly affected
- Growth in the markets Energy Management and Healthcare & Analytics
- Substantial weakening of demand at year-end, particularly for spare parts
- Restructuring costs of € 1.0 million impact EBIT
- EBIT adjusted for restructuring costs increased significantly to € 9.9 million despite decline in revenue
- Positive development of EBIT margin from 14.4% to 14.7% (adjusted for restructuring costs 16.4%)
- Favorable product mix and efficiencies increase profitability
- Q4 2024 burdened by restructuring costs and decline in revenue
FINANCIALS
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ROCE and free cash flow at a solid level
ROCE
Free cash flow (m €)
- Group generated a ROCE of 11.8% (previous year: 13.3 %)
- Adjusted ROCE* reached 13.8% and improved due to the lower capital employed
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Decreased free cash flow of € 8.5 million at a solid level and reflects the earnings development
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EBIT was adjusted for restructuring costs.
FINANCIALS
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Earnings development
Gross margin (%) | Gross profit (m €)
EBITDA (m €)
Profit for the period (m €)
Earnings per share (€)
- Gross margin improved through efficiency increases, a higher share of service business and an optimized product mix
- EBITDA and net profit for the period weighed down by revenue decline and restructuring costs
- Board of Management and Supervisory Board propose distribution of a dividend of € 0.53
FINANCIALS
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Net assets
Equity ratio
Net debt (m €)
Net debt / EBITDA Ratio
- Equity ratio of 60.5 % at a high level
- Decline in net debt by € 2.1 million due to reduction in financial liabilities
- Net debt / EBITDA ratio of 0.97x within the investment grade range (previous year: 0.98x)
STRATEGY INTO RESULTS
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ttSprint successful: increased earnings in 2025
diagram for illustration
FINANCIAL YEAR 2025
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Guidance 2025
- Electrification, digitalization and decarbonization accelerate growth
- Thermal management is becoming increasingly important
- Mature products for growth markets
- Market-oriented decentralized organization introduced
- Measures defined to increase profitability even in a difficult market environment
We are Future Ready 2025!
Revenue [m €]
EBIT margin
*EBIT was adjusted for restructuring costs.
ROCE
The guidance is subject to the proviso that political and economic conditions do not worsen. These include, in particular, economic trends, the war in Ukraine, the conflict in the Middle East, regulations at the European and international level, and macropolitical developments. Possible portfolio changes are not taken into account in this guidance.
CONTACT
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Investor Relations
Frank Dernesch
Manager Investor Relations & Treasury
Tel. +49 (0)2583 301-1868
Fax +49 (0)2583 301-1054
[email protected]
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Disclaimer
- This presentation contains statements on the future development of the technotrans Group.
- They reflect the current views of the management of technotrans SE and are based on the corresponding plans, estimates and expectations. Please note that the statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated