Group sales of € 95.1 million are only 7.3 % below the previous year / Positive EBIT of € 2.8 million realized with an EBIT margin of 3.0 % / The adjusted operating EBIT margin was increased from 4.0 % to 4.2 % compared to the previous year / Board of Management consistently continues strategic reorientation and achieves significant sales successes even in COVID-19 times
Sassenberg, August 11, 2020 - The COVID-19 pandemic was a major factor in determining the economic environment in the first half of 2020. In this challenging environment, the technotrans Group posted consolidated revenue of € 95.1 million in the first six months of the 2020 financial year (previous year: € 102.6 million), which was only 7.3 % below the previous year's figure. Consolidated EBIT remained positive at € 2.8 million (previous year: € 4.1 million) with an EBIT margin of 3.0 % (previous year: 4.0 %) despite one-off charges totalling € 1.2 million. The adjusted operating EBIT margin was increased from 4.0 % to 4.2 % compared to the previous year. The Board of Management is systematically pursuing the strategic reorientation of the technotrans Group on the basis of a sound net worth and financial position.