Profit-sharing of EUR 6.1 million / New Supervisory Board elected / Board of Management reaffirms medium-term goals

technotrans SE is again passing on a share of profit to its shareholders this year: on Friday, the Annual General Meeting approved the distribution of a dividend of 0.88 cents per share. The Supervisory Board was in addition newly elected. 

“Today we look back on a challenging but successful year,” remarked Dirk Engel, Chief Executive Officer, at the event held at the Münsterland Hall Exhibition and Congress Centre. “We want to share it with you.” Of the accumulated profit of EUR 9.7 million generated by technotrans in 2018, EUR 6.1 million will be paid out to the shareholders in accordance with the proposal of the management. This represents a dividend of EUR 0.88 per share. The Annual General Meeting adopted the proposal by voting 99.96 in favour.     

Following on from last year’s modifying conversion from a German public limited company (Aktiengesellschaft – AG) into a Societas Europaea (SE), the entire Supervisory Board needed to be newly elected. The previous shareholder representatives stood for election again: in addition to the previous Chairman Heinz Harling, these were Dr Norbert Bröcker Dr Wolfgang Höper and Dieter Schäfer. The employee representatives Andre Peckruhn and Thorbjørn Ringkamp were elected to this body for the first time.

The Annual General Meeting also gave discharge of the Board of Management and Supervisory Board by a large majority. The shareholders present in addition elected Pricewaterhouse Coopers GmbH Wirtschaftsprüfungsgesellschaft, Osnabrück, by a clear majority as the new auditors of the individual and Consolidated Financial Statements for the 2019 financial year.

Revenue plans targeting EUR 300 million

In its status report, the Board of Management had beforehand commented on the developments of the past financial year. This had featured yet another revenue record for technotrans, as well as two takeovers. technotrans is facing up to a challenging 2019 financial year. In particular, hesitant levels of orders in the auto-related plastics processing industry hampered business at the start of the year. “Regardless of the current weak phase, we still believe technotrans has huge growth potential based on our high technological expertise and customer centricity in the growth markets that continue to gain momentum, as well as in the markets for laser and machine tools,” commented Engel.

The adjusted forecast for the current financial year of 2019 envisages revenue in the order of EUR 218 to 226 million and an operating result (EBIT) in the range of EUR 12 to 16 million. 

The Board of Management also took this opportunity to confirm the medium-term goals: technotrans’ target remains annual revenue of EUR 300 million. It aims to achieve this goal through a combination of organic growth and appropriate acquisitions.