Technotrans SE Stabilizes Amidst Economic Challenges, Confirms Outlook for 2024-2025

Technotrans SE experienced a decrease in revenue in the first quarter of 2024, citing a challenging economic environment. The Germany-based technology group reported revenues of €56.0 million, a notable drop from €68.3 million the previous year. Their earnings before interest and taxes (EBIT) similarly fell to €0.4 million from €3.5 million. Despite these figures, the company’s EBIT margin slightly recovered after adjustments for initial restructuring costs related to its new efficiency program, ttSprint.

The company recorded significant growth in its Energy Management sector, which saw a 38% increase in revenue, driven by major new orders in e-mobility and data center cooling technologies. Despite current setbacks, Technotrans SE remains optimistic about its performance recovery in the latter half of 2024, backed by these strategic expansions and the ongoing ttSprint program aimed at enhancing operational efficiency and market orientation.

Technotrans SE reaffirmed its financial targets for 2024 and 2025, projecting an increase in revenue to between €245 million and €270 million this year, with expectations of further growth and improved profitability next year. The company’s leadership is confident that these strategic initiatives will bolster resilience against external economic pressures and propel long-term growth.