Group revenueof € 141.5 million only 7.8 % below previous year despite corona / Consolidated EBIT remainspositive at € 3.9 million; EBIT margin at 2.8 %; adjusted for non-recurrent effects at 4.2 % on the same level as a year ago / Positive free cash flow in the amount of € 3.5 million / Board of Management concretizes annual forecast for 2020 and remains confident for 2021
Sassenberg, November 10, 2020 technotrans SE posted consolidated revenue of € 141.5 million in the first nine months of the 2020 financial year, only 7.8 % down on the prior-year figure of € 153.4 million. This was mainly due to a solid business development in the third quarterof 2020. Consolidated EBIT remained positive at € 3.9 million with an EBIT margin of 2.8 %.
Adjusted for one-off charges totalling € 2.1 million, EBIT reached €6.0 million. The adjusted EBIT margin of 4.2 % was at the previous year's level.
For the 2020 financial year, the Board of Management expects consolidated revenueof around € 185 million with an EBIT margin of approx. 2.5 to 3.0%. Adjusted for one-off effects, this is expected to reach the previous year's level of around 4.0%. The forecast is subject to the proviso that no corona-related restrictions are imposed in the remaining weeks of the year that go beyond the measures initiated by the government at the beginning of November.
The updated strategy 2025 will be announced at the end of 2020.