technotrans SE

Good morning ladies and gentlemen. Welcome to our webcast on the first nine months of the 2025 financial year. My name is Frank Dornesch and I'm head of investor relations and treasury at Technotrans. Today with me are our CEO Michael Finger and our CFO Natascha Sander. Today's agenda is as follows. Our CEO Michael Finger will begin with an overview and the highlights followed by the performance in our focus markets. Then Natasha Zander will explain the financials in detail. After that, Michael will describe our new mid-term strategy ready for growth 2030 and the forecast for 2025. After the prepared remarks, we will open the floor for your questions. Please note, this presentation contains forward-looking statements. Actual results may differ due to risks and uncertainties. Now, I am pleased to hand over to our CEO, Michael Finger.

michael the floor is yours thank you thank you frank and a warm welcome from me as well after a very strong first half i'm pleased to present another strong quarter and that despite a continued news flow of uncertainties We continued our growth path, strengthened our position in key markets and significantly improved our profitability. Revenue grew by 4.6% to 183.5 million euros. EBIT increased by 68% to 12.8 million euros. Accordingly, EBIT margin improved to 7%. ROSI rose significantly from 10.8% to 16.3%. So ROSI is already above our guidance. Another strong point for me is the free cash flow. Free cash flow increased from 0.2 million euros last year up to 8 million euros in this quarter. This was great teamwork. Our positive momentum continued also in order to the order situation. The order backlog is at 86 million euros and we see a book to bill ratio of 1.1. Another indicator for continued growth. In total, I'm pleased with the third quarter and with our performance in the first nine months. We keep moving Technotrans in a positive direction. We have improved all key financial parameters. Revenue is growing, EBIT margins improved, strong ROSI and a strong free cash flow. At this time, I want to give credits to our team, to a job very well done. Before I will give you an overview of the revenue development in our markets, let me share five highlights. The first one is from print. We signed an exclusive framework agreement with our customer Windmüller & Hölscher. Windmüller & Hölscher is the global leader in flexo printing. We have acquired orders in the low double digit million euro range for our turbo cleaning system. This partnership strengthens our position in packaging print, deepens our relationship to Windmiller & Helscher and enhances the visibility of our technology as an industrial benchmark. Finally, it's worth to mention that this order creates a stable revenue corridor for our print business for the upcoming years. The second one is really new and strategically important. We want a big order in space communication for liquid cooling systems. The systems are used in satellite ground communication and this success demonstrates our capability in extremely high thermal stability, long duration reliability and mission critical cooling. It positions us in a fast growing high value niche market with strong technical barriers. The third highlight comes from data centers. We received another follow-up order in a single-digit million-euro range for CDUs, which stands for coolant distribution units. This order confirms our competitiveness in data technology, our relevance in AI and cloud-driven infrastructures, and our ability to build long-term customer relationships. even more important this provides access to a multi-year growth curve driven by ai and high performance computing the fourth highlight is coming from e-buses we want a double-digit million euro follow-up order for battery thermal management systems from a leading european electro bus company this is strategically important because ebus segments are electrifying rapidly. Our BTS platform is scalable and it opens doors for further platforms and markets. And finally, the fifth highlight comes from plastics. Our plastics division delivered a highly successful presence at the K-Trade show taking place in October in Dusseldorf this year. At this worldwide leading trade fair for plastics, we showcased a live bioplastic production cell, energy efficient cooling systems and natural refrigerant technology. The customer response was very positive and positions us well as a preferred partner for plastics industry. So to sum it up, these five highlights clearly show innovations turning into business. We are winning scalable volume orders and we position Technotrans for sustained profitable growth. Let's turn to the revenue performance of our markets in more detail, starting with energy management. This focus market remains the key growth engine for Technotrans. Revenue increased to almost 29 million euros, representing 11% growth year over year. This represents already 16% of our group revenue. The key drivers like BTMS for rail and road, as well as CDUs for data centers and space communication, I've already mentioned. In healthcare and analytics, revenue jumped to 15.1 million euros, and this is a growth rate of 40% year over year, representing 8% of consolidated revenue. The demand from our customers remained exceptionally high for analytical systems, laboratory cooling solutions, baggage scanner cooling and semiconductor manufacturing applications. This performance confirms the structural growth in these areas for high precision cooling. With our production in our cleanroom facility, we are able to make the difference in this segment. Print continues its recovery and remains our largest market with one third of our business. Revenue grew by 8% up to 63.2 million euros. The Wittmann & Hölscher success story I've just mentioned was already one key driver for this. This success is based on our engineering expertise. We keep on working on innovations like this to hold our global market leader position in print. In plastics, we saw another weak quarter due to macroeconomic conditions. Revenue declined by 2% to 37.4 million euros, representing 20% of our revenue. But as I outlined, the K trade show demonstrated strong customer engagement, reinforced the future market potential and our role as an innovator in that area. Laser is facing even stronger headwinds. We saw a 9% revenue decrease to 29 million euros. This market conditions to be affected by macroeconomic pressure and increased global competition in standard applications coming especially from China. The EUV business remains strong on the other side. This demonstrates the potential for special laser business. So there are, of course, differences between our focus markets. Some are very strong, like energy management, print and health analytics, and some are still challenging, like laser and plastics. But it's good to see that our business model is working. We are much more resilient than in the past. We can more than compensate the challenges with stronger growth in other areas. and all of that on a profitable base. And with that said, I will hand over to Natascha and she will walk you through our financials.

Thank you, Michael. Ladies and gentlemen, good morning and a warm welcome also from my side. Let me start my part with a clear message. Technotrans delivered an outstanding financial performance in the first nine months of 25. We achieved profitable growth, reinforced our financial position, and improved all financial KPIs significantly. Let's start with the top line. After a very good first half year 25, we continued our positive development and accelerated revenue growth. Technotrans had a very strong third quarter. Consolidated revenue reached 63 million euro, exceeding quarters one and two. Respectively, revenue in the first nine months increased by 4.6% compared to last year, reaching 183.5 million euro. As Michael described, the excellent performance was driven by strong equipment sales in our focus markets, energy management, healthcare and analytics and print. In plastics and leather, the market situation remained difficult. On the bottom line, our group profitability remained strong and shows a sustainable improvement. In Q3, EBIT remained robust at 4.4 million with a margin of 7%. Accordingly, in the nine-month period, EBIT rose significantly by 68% to 12.8 million compared to last year. The EBIT margin went up strongly from 4 to 3 to 7.0%, an outstanding performance with a plus of 270 basis points. This great improvement was driven by higher revenue in our growth markets, an optimized product mix in technology, our strong cost discipline, efficiency improvement measures implemented in 2025, and, of course, the continued positive effects of TT Sprint. Restructuring effects that burdened last year are no longer relevant in 2025. Let's turn to our reporting segments. In Q3, revenue and technology exceeded the last two quarters due to rising demand for our solutions. In the first nine months, revenue and technology increased strongly by 6.6% to 138.6 million euros compared to last year. Main growth drivers were energy management, healthcare analytics and print. Segment EBIT in technology reached a solid margin of 4% in Q3. Compared to Q2, the margin softened due to a temporary change in product mix. In the nine-month period, EBIT rose sharply from 0.6 million to 5.8 million, representing a very good margin of 4.2%. This represents a strong margin increase of 380 basis points. Key drivers for this notable improvement in profitability were scaling effects, an improved product portfolio, operating efficiencies, and the absence of last year's restructuring charges. Let's move on to the segment services. Revenue and services gained momentum in Q3. In the first nine months, revenue of 44.9 million was slightly below previous year due to an ongoing weaker service business in our focus market plastics. This was partially offset by improving business in the other focus markets. Nevertheless, EBIT remained stable at 7 million euros with a robust margin of 15.5%. The strong profitability fueled the return on capital employed. ROSI increased substantially from 10.8% to 16.3%. In the nine months period, ROSI has already exceeded our guided corridor for 25. This development is outstanding. Looking at the cash flow, we delivered what we projected and promised. Free cash flow increased from 0.2 million last year to a very high level of 8 million in the nine months period, supported by a substantially increased operating cash flow and normalization in working capital and discipline investments. A great performance. Technotrans is on the right cash generation track. Let's turn to profitability in detail. Gross profit increased by 12.1% to 53.6 million euros. Gross margin improved strongly from 27.3% to 29.2% thanks to efficiency gains and an optimized product mix. EBITDA increased significantly to 18 million with a notable margin of 9.8%. Net profit surged by 75% to 8 million. Accordingly, earnings per share rose sharply to 1.15 euro compared to 0.66 euro in the previous year. Our strong performance has also a positive impact on the development of our financial position. Equity ratio remains strong and stable at 59.9%. Net debt declined to 16.9 million, improving the net debt EBITDA ratio enormously to 0.69. With this development, TechnoTrans further improved its investment grade financial profile, a substantial improvement compared to year end 24. Let me close my chapter with a short summary. Across all main KPIs, revenue, EBIT margin, ROSI and free cash flow. Technotrans is delivering profitable and sustainable growth. We are financially strong and robust. We are efficient. Our strong performance is a clear indicator of the success and resilience of our business model. Technotrans is ready for growth. With this said, please let me hand back to Michael for strategy and outlook.