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Financial year 2020: technotrans exceeds expectations, adjusted EBIT margin above previous year\-\-s level Posted by PublisherInternet Tuesday, 9. March 2021
technotrans SE has successfully completed the 2020 financial year, which was impacted by an unprecedented pandemic-related slump in the global economy. Thanks to an increasing diversification of markets and a stable business development in the fourth quarter, the company achieved group revenue of ? 190.5 million. The decline of 8.4?percent compared to the previous year was moderate. With a group operating profit (EBIT) of ? 6.8 million, the thermal management specialist remained profitable and achieved an EBIT margin of 3.6?percent (previous year: 4.0 percent). With the exception of consolidated revenue, technotrans even achieved its original annual forecast of April 2020, which was withdrawn due to c