from Technotrans SE (isin : DE000A0XYGA7)
EQS-Adhoc: technotrans SE adjusts forecast for 2023. Group revenue expected at the upper end of the forecast (€ 255 to € 265 million). EBIT margin forecast lowered to 5.0 % - 6.0 % (previously: 6.2 % - 7.2 %).
EQS-Ad-hoc: technotrans SE / Key word(s): Change in Forecast
technotrans SE adjusts forecast for 2023. Group revenue expected at the upper end of the forecast (€ 255 to € 265 million). EBIT margin forecast lowered to 5.0 % - 6.0 % (previously: 6.2 % - 7.2 %).
02-Aug-2023 / 19:53 CET/CEST
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Sassenberg, August 2, 2023 - technotrans SE is adjusting its forecast for the financial year 2023. The Board of Management expects Group revenue at the upper end of the published range between € 255 million and € 265 million. The forecasted EBIT margin is lowered from an initial range of 6.2 % to 7.2 % to a new range of 5.0 % to 6.0 %. Accordingly, the return on capital employed (ROCE) is expected to be between 13.0 % to 14.0 %.
The adjustment of the guidance for the financial year 2023 is the result of the following developments:
According to preliminary figures on business performance for the first half year 2023, technotrans Group generated consolidated revenues of € 132.5 million, which is a significant increase of 16.3 % compared to previous year. For the second half of the financial year 2023, the Board of Management continues to expect strong revenues, as the increases in sales prices become fully effective and the high order backlog will be reduced further. Accordingly, Group revenue is expected to remain strong.
In the first 6 months of the financial year 2023, technotrans generated a consolidated operating profit (EBIT) of € 5.9 million, resulting in an EBIT margin of 4.5 %. This is below expectations even though the result for this period was always expected to be lower than in the second half of the year 2023 due to temporary effects. Regarding the profitability of the second half of 2023, new developments impacting the earnings of the period must be taken into account. This includes a weaker economic development with an unfavorable effect on the product mix, particularly in the focus markets Plastics and Healthcare & Analytics, lower price decreases than expected for raw materials and components, and declining revenues at the Taicang site in China, which therefore is no longer expected to generate a positive earnings contribution.
The report for the first half of the financial year 2023 will be published on August 8, 2023.
Contact: technotrans SE, Investor Relations, Frank Dernesch, Tel. +49 (0)2583/301-1868,
E-mail: frank.dernesch@technotrans.de
End of the ad hoc announcement
End of Inside Information
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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: | info@technotrans.de |
| 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: | 1694657 |
| End of Announcement | EQS News Service |
1694657 02-Aug-2023 CET/CEST