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EQS-News: technotrans SE / Key word(s): AGM/EGM
technotrans Annual General Meeting: transformation for higher profitability
2024-05-17 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
technotrans Annual General Meeting: transformation for higher profitability
. Proposed dividend distribution of EUR 0.62 per share approved
. Florian Herger elected to the Supervisory Board as shareholder representative
. Approval for the creation of new authorized capital for 5 years
. Board of Management confirms targets for the financial years 2024 and 2025
Sassenberg, May 17, 2024 - The Annual General Meeting of technotrans SE resolved to distribute a dividend of EUR 0.62 per
share (previous year: EUR 0.64) and elected Florian Herger to the Supervisory Board as shareholder representative.
Moreover, the creation of new authorized capital for the next 5 years was approved. In his speeches, the Board of
Management emphasized the performance in the 2023 financial year, which technotrans closed with all-time high revenue
despite a challenging economic environment. He also provided insights into the further development towards a
market-oriented organization to improve profitability. Despite a subdued start in the first quarter of 2024, the Board
of Management reaffirmed the targets for the current financial year and the medium-term targets for 2025.
"We have grown in turbulent times and were able to increase revenue by 10 % to EUR 262.1 million. A new all-time high
since our foundation in 1970," said Michael Finger, CEO of technotrans SE. "Our thanks in particular go to our
employees worldwide. Together we have demonstrated to be strong and resilient. We will continue on the growth
trajectory we have embarked on." The thermal management specialist recorded strong growth of 76 %, particularly in the
Energy Management focus market. In addition, technotrans made significant technological progress in key areas,
particularly in electromobility and in the field of liquid cooling for data centers.
The resolution on the distribution of a dividend of EUR 0.62 per share was adopted by the majority. The shareholders also
elected Florian Herger as a new member of the Supervisory Board. Herger is a principal at Luxempart S.A. in Leudelange,
Luxembourg, and a member of the Supervisory Board of Nexus AG. The Annual General Meeting also confirmed the election
of employee representatives Andre Peckruhn, Operational Purchaser at technotrans SE in Sassenberg, and Thorbjørn
Ringkamp, Senior Sales Manager at gds GmbH in Sassenberg, to the Supervisory Board. The proposed resolution to create
new authorized capital of 20% for the next 5 years also received the necessary majority. With this instrument, the
Group is creating greater financial flexibility and headroom for the future.
Efficiency program and great growth potential
One of the central topics in the Management Board speeches at this year's Annual General Meeting was the ttSprint
efficiency program, which contains measures to reshape the Group towards a more market-oriented organization. This
comprehensive structural transformation is intended not only to increase customer focus and agility, but also to
improve the profitability of the company. The process should be completed by the end of the year.
The technotrans Board of Management emphasized the strengthened market position in key future markets. In the field of
electromobility, for example, the company received several major orders for rail and road transportation. Liquid-based
cooling of processors for data centers occupies a special position. After successfully entering the market in November
2023, technotrans secured a follow-up order in April 2024 to equip data centers in the USA. At the same time, the
company has succeeded in significantly expanding its portfolio: The technology group now offers tailor-made solutions
for both new and existing data centers. The thermal management specialist is thus positioning itself as a strong
partner for the growing requirements of the industry. At the same time, technotrans is tapping into major growth
potential in a very dynamic market.
Forecasts confirmed
Despite a challenging first quarter of 2024, the technotrans Board of Management is optimistic that the forecasts for
the current financial year and the medium-term targets for 2025 will be achieved. This demonstrates the management's
confidence in the company's consistent strategic development and resilience: "We have the right strategy, the courage
to change and the right technology as well as attractive products in growing markets to achieve our goals," emphasizes
Michael Finger.

Further information at: www.technotrans.com

About technotrans SE:
technotrans SE is a technology and services group with worldwide operations. The company's core skill focuses on
application-specific solutions in the area of thermal management. As an integral aspect of customer systems, these
solutions optimise energy consumption and govern the temperatures encountered in sophisticated technological
applications. With 18 locations, the Group has a presence in all major markets worldwide. Based on the Future Ready
2025 strategy, technotrans has defined the 5 focus markets Plastics, Energy Management (including electric mobility,
high power charging stations and data centers), Healthcare & Analytics, Print and Laser. In addition, technotrans
offers its customers an extensive portfolio of services including installation, refurbishment, maintenance, repair, a
24/7 parts supply and technical documentation. The Group has 6 manufacturing locations in Germany, one in China and one
in the United States. technotrans SE is listed in the Prime Standard (ISIN: DE000A0XYGA7 / WKN: A0XYGA) and employs
1,600 people worldwide. The Group reported revenue of EUR 262.1 million for the 2023 financial year. Note This press release contains statements on the future development of the technotrans Group. They reflect the current views of the management of technotrans SE and are based on corresponding plans, estimates and expectations. Please note that the statements contain certain risks and uncertainties that could cause actual results to differ materially from those anticipated.
Contact for journalists: Investor Relations:

Lukas Schenk                         Frank Dernesch 
Sputnik GmbH                         Investor Relations 
Press and public relations           technotrans SE 
Hafenweg 9                           Robert-Linnemann-Strasse 17 
48155 Münster                        48336 Sassenberg 
Phone:  +49 (0) 2 51 / 62 55 61-131  Tel:  +49 (0) 25 83 / 3 01-18 68 
schenk@sputnik-agentur.de            investor-relations@technotrans.de 
https://www.sputnik-agentur.de       https://www.technotrans.de 

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2024-05-17 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:     English 
Company:      technotrans SE 

Robert-Linnemann-Str. 17
48336 Sassenberg
Germany

Phone:        +49 (0)2583 - 301 - 1000 
Fax:          +49 (0)2583 - 301 - 1030 
E-mail:       info@technotrans.de 
Internet:     http://www.technotrans.de 
ISIN:         DE000A0XYGA7 
WKN:          A0XYGA 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1905037

End of News EQS News Service
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1905037 2024-05-17 CET/CEST

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END) Dow Jones Newswires

May 17, 2024 09:00 ET (13:00 GMT)