Press peripherals manufacturer technotrans says it closed the 2022 financial year with “all-time high” revenues and significant rise in earnings.
It has also completed the first phase of its ‘Future Ready 2025’ strategy despite challenging conditions.
Consolidated revenue rose by 13 per cent to 238.2 million Euros, with EBIT growing by 30 per cent to 14.3 million Euros and an EBIT margin of six per cent.
Board spokesman Michael Finger – whose contract has been extended to the end of 2026 – says the group’s core competence of thermal management is becoming increasingly important in the wake of global trends such as digitalisation, decarbonisation and electrification.
“This is reflected in revenue and the order backlog, which have risen to record levels and provide the basis for a strong financial performance despite difficult underlying conditions,” he says.
Print was among focus markets – with plastics, energy management, and healthcare & analytics – which achieved or exceeded growth targets.Here, impulses from packaging printing generated double-digit growth rates.
Having committed itself to climate neutrality by 2030, technotrans says important progress was made towards this goal in the 2022 financial year, for example with the commissioning of the photovoltaic system in Baden-Baden and the connection of the Holzwickede location to the local hydrogen network.
The pleasing results are expected to yield a dividend proposal 26 per cent higher than last year at 0.64 Euros per share (previous year: € 0.51), in line with the policyof distributing 50 per cent of the consolidated net profits for the year.
The board expect that growth will continue in the 2023 financial year, although performance will remain dependent on the situation in procurement markets.
The full annual report is available to download.