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17.05.2024 15:00:30 - dpa-AFX: EQS-News: technotrans Annual General Meeting: transformation for higher profitability (english)
technotrans Annual General Meeting: transformation for higher profitability
EQS-News: technotrans SE / Key word(s): AGM/EGM
technotrans Annual General Meeting: transformation for higher profitability
17.05.2024 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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technotrans Annual General Meeting: transformation for higher profitability
* Proposed dividend distribution of EUR 0.62 per share approved
* Approval for the creation of new authorized capital for 5 years
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:
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.
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17.05.2024 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
---------------------------------------------------------------------------
End of News EQS News Service
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1905037 17.05.2024 CET/CEST
EQS-News: technotrans SE / Key word(s): AGM/EGM
technotrans Annual General Meeting: transformation for higher profitability
17.05.2024 / 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 Sputnik GmbH Press Frank Dernesch Investor Relations
and public relations Hafenweg 9 technotrans SE
48155 Münster Phone: +49 (0) 2 51 Robert-Linnemann-Strasse 17 48336
/ 62 55 61-131 Sassenberg Tel: +49 (0) 25 83 / 3
schenk@sputnik-agentur.de 01-18 68
(1)https://www.sputnik-agentur.de (1)investor-relations@technotrans.
1. de (2)https://www.technotrans.de
https://www.sputnik-agentur.de 1.
mailto:investor-relations@technotr
ans.de 2.
https://www.technotrans.de
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17.05.2024 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
---------------------------------------------------------------------------
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 17.05.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
TECHNOTRANS SE NA O.N. | A0XYGA | Frankfurt | 20,600 | 31.05.24 12:06:12 | -0,100 | -0,48% | 0,000 | 0,000 | 20,600 | 20,600 |
