- Tramway in Qatar4 MIN
New power. Sustainable potential. We know the markets of the future.
And we're conquering them with intelligent innovations.
technotrans SE generated consolidated revenue of € 190.5 million in the 2020 financial year. In view of the adverse effects of the Corona pandemic on the economic environment, the year-on-year decline in revenue was moderate at 8.4 percent.
Group operating profit (EBIT) amounted to € 6.8 million. This corresponds to an EBIT margin of 3.6 percent. Adjusted for non-recurring items, the Group generated an EBIT margin of 4.9 percent, which was higher than in the previous year. Earnings per share (EPS) reached € 0.72.
And we have rarely done so with as much expectation and confidence as we do today.
After all, technotrans has successfully completed its transformation from an industry specialist to a diversified, broad-based technology group - and is vigorously driving this process forward. We are independent of the markets of the past, but we have already conquered the markets of the future. Whether it's e-mobility, medical technology or microelectronics: the pioneers and market leaders in these areas need precisely the expertise that technotrans has developed over decades. They need our experience, innovative strength and excellence in thermal management to realize their own innovations and ambitions. This spirit unites us with our strategic partners. And it will foster further alliances in the future.
With its intelligent growth strategy, technotrans has already established an outstanding market position. And the group is also ideally positioned for the future: With the forthcoming pooling of forces and a unified image under the technotrans brand, we will be even more visible in the market. Behind the new brand identity lies a bundled expertise that is unique in our industry: we can develop and build the best solution for every challenge in the thermal management sector. And we're not just good, we're fast, as we proved again during the 2020 pandemic with a cooling solution for the production of Corona rapid tests.
This power is our asset. And we will put it to good use.
___________ Michael Finger, CEO
At technotrans, we are convinced that long-term entrepreneurial success is only possible in harmony with people and nature. That is why sustainability plays a central role in our group strategy in several respects: economically, socially and ecologically. We live up to our responsibility in the here and now - for a desirable future.
For us at technotrans, the principles of corporate governance are of fundamental importance. The prerequisite for sustainable corporate success is responsible corporate management geared to long-term value creation. This includes targeted and efficient cooperation between the Board of Management and the Supervisory Board, respect for the interests of shareholders and employees, openness and transparency in corporate communications, and appropriate handling of risks.
The Board of Management and the Supervisory Board consider themselves obliged to preserve the company as a going concern and create value sustainably. Corporate governance at technotrans SE takes the German Corporate Governance Code as its benchmark. The Board of Management and the Supervisory Board have submitted the Declaration of Compliance in accordance with Section 161 of the German Stock Corporation Act (AktG).
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