Ad hoc: technotrans expects moderate growth in 2010

The technotrans Group, too, was affected by the consequences of the global financial and economic crisis in the 2009 financial year. Revenue plunged by 42.0 percent, from € 141.7 million in the previous year to € 82.2 million. The fall in revenue in the past financial year has inevitably had major consequences for the financial performance of the technotrans Group. Earnings are furthermore determined to a substantial degree by various non-recurring effects, both positive and negative. Earnings before interest and taxes (EBIT) for 2009 show a loss of € 11.9 million (previous year € 0.0 million). After elimination of the many non-recurring effects, EBIT would have amounted to around € -1.8 million. A net result for the year of € -10.3 million is reported for 2009 (previous year € -2.9 million). This corresponds to earnings per share, for shares outstanding, of € -1.65 (previous year € -0.45). As a consequence shareholders will not receive a dividend for 2009.

Considerable uncertainty still surrounds the economic recovery worldwide in 2010. The management of technotrans still expects to see a tentative recovery in business during the current financial year. Taking into the uncertainty of the economic environment, the technotrans Group is currently expected to be able to increase its revenue to around € 85 to 90 million. This would represent growth of more than 5 percent. Because the signs of a lasting recovery in the printing industry are not yet sufficiently firm a figure towards the lower end of this range is more likely. The goal for the 2010 financial year is to return to sustained profitability. The measures that have been taken since 2008 should pave the way for an EBIT margin of at least 3 to 5 percent in the 2010 financial year.

Contact: technotrans AG, Investor Relations, Thessa Roderig, 
Phone only via mobile on March 9, 2010: +49 171 310 82 98

These press releases contain forward-looking statements which are based on assumptions and estimations by the management board of technotrans AG. Even though the management board is of the opinion, that those assumptions and estimations are realistic the future development and the projected results may deviate substantially from the forward-looking statements. Those deviations can be due to several factors including but not limited to changes in the macro-economic situation, in the exchange rates, in the interest rates and in the graphic arts industry. technotrans AG gives no warranty and does not assume the liability for any damages in case the future development and the projected results do not correspond with the forward looking statements.