Last updateThu, 23 Jun 2022 3pm

technotrans Annual General Meeting: all operational and strategic goals achieved

- First year of implementation of Future Ready 2025 strategy successful

- Personnel change in the Supervisory Board
- Dividend distribution of € 0.51 resolved
- Strong development despite challenging conditions

The virtual Shareholders' Meeting of technotrans SE today approved the payment of a dividend of € 0.51 per share (previous year: € 0.36) and elected Sebastian Reppegather as a new member of the Supervisory Board. Dr. Norbert Bröcker will leave the Supervisory Board of technotrans SE as a shareholder representative at the end of this year's Shareholders' Meeting. In his speeches, the Board of Management emphasised the successful implementation of the Future Ready 2025 strategy in the 2021 financial year, which is the foundation for the strong financial performance. Among other things, the specialist in thermal management was able to significantly increase revenue, profitability and liquidity compared with the previous year. The board also underlined the strong start to the first quarter of 2022 and reaffirmed the forecast for the current financial year. The Group is well prepared for the challenges of the future.
"With the Future Ready 2025 strategy, we have laid the foundations for a successful future for the technotrans Group. A strategy that is clearly geared to the market. A strategy that is divided into two phases: In the current phase 1, we wanted to ensure stability and profitability. We have demonstrated this impressively. We have already achieved the turnaround in the first year of implementation," said technotrans Board of Management Spokesman Michael Finger at this year's Annual General Meeting. Due to the pandemic, this took place virtually for the third time in succession. He added that the strategy had made technotrans even stronger and enabled it to develop positively in extremely challenging times. Michael Finger thanked the more than 1,400 technotrans employees for their high level of commitment: "Only by working together as a team was it possible to successfully manage such a year. They have shown resilience and a very high level of commitment during this unprecedented period."
In the past financial year, the technotrans Group posted the second-highest revenue in the company's history with a result of € 211.1 million. The EBIT margin, ROCE, free cash flow and equity ratio had also improved sharply compared with the previous year. The thermal management specialist continued its profitable growth course in the first quarter of the 2022 financial year: revenue, consolidated operating profit, EBIT margin and book-to-bill ratio increased compared to the same period last year. The order backlog even reached a new all-time high of € 85 million at 31 March 2022. In addition, technotrans was able to successfully implement its umbrella brand strategy earlier than planned by merging and renaming its companies.
Change of personnel on the Supervisory Board
The resolution to distribute a dividend of € 0.51 per share was approved by a majority - this represents an increase of around 42 % compared with the previous year. The payout ratio is 50 %, which is in line with the dividend policy of the technology group. In addition, those entitled to vote elected Sebastian Reppegather as a new member of the Supervisory Board. Reppegather is currently a member of the Board of Directors of SNP Schneider-Neureither & Partner SE in Heidelberg and Senior Investment Director & Head of Listed Investments at Luxempart S.A. in Leudelange, Luxembourg. Dr Norbert Bröcker has announced his resignation and left the Supervisory Board of technotrans SE for personal reasons at the end of this year's Shareholders' Meeting. Dr Bröcker had been a member of the Supervisory Board for 15 years, including around 12 years as its Deputy Chairman.
Confident outlook and focus on innovations
In his speech, Peter Hirsch, the Board of Management member responsible for Technology & Operations, emphasised the technological strength of the group: "technotrans has a unique range of application expertise. We are therefore the leading development partner and solution provider for our customers. With our innovative strength and cross-industry expertise, we develop thermal management systems of the highest quality and performance for and with our customers," said Hirsch. At the same time Hirsch, whose contract of employment was extended the previous day by the Supervisory Board until December 31, 2025, emphasised the great importance technotrans attaches to sustainable action. Sustainability begins in all research and development activities and in the product design process. These are designed to maximise energy efficiency and minimise global warming potential, and thus make an active contribution to reducing the CO2 emissions of technotrans' customers.
The Executive Board also confirmed its medium-term goals. For the current 2022 financial year, it expects revenue in a range of € 220 to 230 million and an EBIT margin of 5.0 to 6.0 %. By 2025 technotrans is aiming for organic revenue growth of between € 265 and 285 million and an EBIT margin of between 9.0 and 12.0 %. This does not include further pandemic-related disruptions, the consequences of the war in Ukraine or acquisitions. The geopolitical situation remains tense and the Corona pandemic is not yet over. However, the continuing demand from the focus markets and the high order backlog make the Executive Board optimistic that profitable growth can be continued in 2022. "We have a clear strategy and are implementing it consistently. Our assumptions have been confirmed and we are fully on track," said Michael Finger.



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