Technotrans Increases Earnings in Q2 and Maintains Yearly Outlook

Technotrans SE reported a marked improvement in its performance for the second quarter of 2024. The company's EBIT margin grew to 6.2%, a significant rise from 0.7% in Q1. Revenue stood at €115.3 million in the first half of 2024, down from €132.5 million the previous year. Despite an economic slowdown, the Energy Management sector achieved a 26% revenue increase, spurred by high demand in areas like e-mobility infrastructure.

The Board of Management confirmed revenue forecasts for 2024 to be between €245 million and €270 million with an EBIT margin of 5.5% to 7.5%. The company also maintained its mid-term targets for 2025. Major series orders and a steady order backlog are paving the way for continued growth. The ttSprint efficiency program contributed to the improved profitability and is expected to further streamline operations.

"Despite economic challenges, we are on course to meet our revenue and earnings expectations for 2024," said Michael Finger, CEO. Significant new orders underline a positive future outlook.