Brief: Technotrans Expects 2023 Group Revenue € 255 To € 265 Million

technotrans SE

02/08/2023 19:53

Aug 2 (Reuters) - Technotrans Se  TTRGn.DE :
    * EQS-ADHOC: TECHNOTRANS SE ADJUSTS FORECAST FOR 2023. GROUP
REVENUE EXPECTED AT THE UPPER END OF THE FORECAST (€ 255 TO €
265 MILLION). EBIT MARGIN FORECAST LOWERED TO 5.0 % - 6.0 %
(PREVIOUSLY: 6.2 % - 7.2 %).
    * MANAGEMENT EXPECTS GROUP REVENUE FOR 2023 AT UPPER END OF
PUBLISHED RANGE BETWEEN EUR 255 MILLION AND EUR 265 MILLION
    * FORECASTED EBIT MARGIN FOR 2023 IS LOWERED FROM AN INITIAL
RANGE
OF 6.2 % TO 7.2 % TO A NEW RANGE OF 5.0 % TO 6.0 %
    * EXPECTS 2023 RETURN ON CAPITAL EMPLOYED (ROCE) IS EXPECTED
TO BE
BETWEEN 13.0 % TO 14.0 %
    * FOR FIRST HALF YEAR 2023, CO GENERATED REVENUES OF EUR
132.5
MILLION, INCREASE OF 16.3 % COMPARED TO PREVIOUS YEAR
    * GENERATED HY EBIT OF EUR 5.9 MILLION, RESULTING IN AN EBIT
MARGIN OF 4.5 %
    * FOR SECOND HALF OF FINANCIAL YEAR 2023, BOARD OF
MANAGEMENT
CONTINUES TO EXPECT STRONG REVENUES

Source text for Eikon:  ID:nEQ5txTkqa 
Further company coverage:  TTRGn.DE 

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