Technotrans Annual General Meeting: Emphasis on Profitability and Strategic Growth

During its recent Annual General Meeting, technotrans SE discussed financial achievements and future strategies aimed at increasing profitability and market presence. The meeting led to several key decisions including a dividend of €0.62 per share, the election of Florian Herger to the Supervisory Board, and approval to create new authorized capital for the next five years.

CEO Michael Finger highlighted a revenue increase of 10% to €262.1 million in 2023, marking a record high for the company. Despite economic challenges, technotrans exhibited strong performance, particularly through its 76% growth in the Energy Management sector, notably in liquid cooling technology for data centers. This advancement is poised to position the company strongly in the electromobility and data center markets.

The General Meeting also addressed the implementation of the "ttSprint" efficiency program, aiming to transform the company towards a more market-oriented organization. This structural change is expected to enhance customer focus and company profitability.

Looking forward to the upcoming financial years, technotrans confirms it is on track to meet its financial targets for 2024 and 2025, despite a slow start in the first quarter of 2024. The confidence stems from strong strategies and robust market positioning, especially in emerging technologies and sectors.