Technotrans (TTR1) Q1 2025 earnings summary

Executive summary

• Revenue grew 7.3% year-over-year to EUR 60.1 million in Q1 2025, driven by strong performance in energy management, healthcare analytics, and print.

• EBIT increased to EUR 4 million, with a margin of 6.7%, a tenfold improvement from the prior year, reflecting efficiency gains and higher volumes.

• Order backlog reached EUR 80 million, with a book-to-bill ratio of 1.2, indicating robust demand and positive growth signals.

• Efficiency gains from the ttSprint program and a new market-oriented organization contributed to improved profitability.

• Major sales wins included a significant follow-up order for battery thermal management systems for e-buses and expansion into the mining market.

Financial highlights

• Group revenue rose from EUR 56 million to EUR 60.1 million, up 7.3% year-over-year.

• EBIT margin improved by 600 basis points to 6.7%; net profit increased to EUR 2.6 million from EUR 0.1 million.

• Gross profit increased nearly 26% to EUR 18 million; gross margin rose from 25.5% to 29.9%.

• EBITDA more than doubled to EUR 5.8 million, with a margin of 9.6%.

• Earnings per share rose to EUR 0.37 from EUR 0.01 in Q1 2024.

Outlook and guidance

• Full-year 2025 revenue expected between EUR 245 million and EUR 265 million, with EBIT margin of 7%-9% and ROCE of 13%-16%.

• Strategy update and midterm goals to be presented at Capital Markets Day in October.

• Growth expected from electrification, digitalization, and decarbonization trends.

• Outlook remains subject to geopolitical and macroeconomic risks, especially US protectionism.