Profit participation up 15 percent / Takeovers accelerate growth / Positive outlook confirmed
technotrans AG is again letting its shareholders participate in the continuing corporate growth this year. At the Annual General Meeting on Friday, a clear majority of the capital present voted in favour of increasing the profit participation by 15 percent to EUR 0.55 per dividend-bearing share.
“technotrans AG continued its systematic and sustained growth in the past year,” declared Henry Brickenkamp, Chief Executive Officer of technotrans AG, at the event in the Münsterland Hall Exhibition and Congress Centre. The shareholders will now participate in the business success to the tune of 0.55 cents per share. Brickenkamp was eager to stress not just the absolute level of the dividend payment: “In 2013 we paid out a dividend of EUR 0.20. This dividend growth is something we can be proud of.” The distribution now approved amounts to around EUR 3.8 million in total, which represents more than half of the reported accumulated profit. Meanwhile the Board of Management and Supervisory Board were given discharge by a large majority. In addition, KPMG AG Wirtschaftsprüfungsgesellschaft, Bielefeld, was elected by a clear majority as auditors for the individual and consolidated financial statements for the 2017 financial year.
At the start of the Annual General Meeting the Board of Management had given a review of the exceptionally successful 2016 financial year. The highlights were the takeovers of GWK Gesellschaft Wärme Kältetechnik mbH, which operates in the plastics processing industry, and of Ovidius GmbH to expand the Technical Documentation area. “The integration of these two strategic acquisitions is proceeding according to plan and already beginning to bear fruit,” remarked Brickenkamp. He added that the two companies had contributed EUR 15 million in revenue in the first quarter alone.
Just one week earlier, technotrans had reported first-quarter revenue growth of 74 percent to EUR 52.8 million. Disregarding the effects from the takeovers, revenue rose 24.3 percent to EUR 37.8 million. “After searching long and hard, we have found two companies that ideally complement our portfolio,” explained Brickenkamp to the gathering of numerous shareholders. He also mapped out how technotrans has pressed ahead with its chosen strategy of accessing new markets and scaling back its dependence on the printing industry. This was latterly reflected in particular by the development in revenue and operating profit. In the first quarter of 2017, technotrans already drew 57.5 percent of total revenue from the newly tapped markets.
It plans to maintain this growth trajectory. The Board of Management confirmed the forecast which indicates revenue of between EUR 185 and 195 million for the current financial year. An operating profit
(at EBIT level) of EUR 12.0 to 14.0 million is the target.