Technotrans (TTR1) Q2 2025 earnings summary

Executive summary

• Revenue increased by 4.6% year-over-year to EUR 120.6 million in H1 2025, with EBIT margin doubling to 7% and net profit more than doubling to EUR 5.2 million, driven by strong performance in Energy Management, Healthcare & Analytics, and Print.

• Growth was supported by operational efficiency gains, product mix optimization, and the ttSprint program, which contributed EUR 1.75 million in H1 savings.

• Order backlog rose to EUR 84 million, with a book-to-bill ratio of 1.1, indicating sustained demand and future growth.

• Strategy 2030 to be presented in October 2025, with Strategy Future Ready 2025 to be completed by year-end.

• Board of Management expressed satisfaction with performance despite challenging economic conditions.

Financial highlights

• EBIT more than doubled to EUR 8.4 million, with EBIT margin up to 7% from 3.5% year-over-year.

• EBITDA increased to EUR 11.9 million, with EBITDA margin at 9.8%.

• Gross profit rose 15.8% to EUR 35.9 million; gross margin improved from 26.9% to 29.8%.

• Earnings per share increased from EUR 0.34 to EUR 0.75.

• Free cash flow was negative EUR 1.1 million due to higher working capital, investments, and land purchase.

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%.

• Guidance confirmed, assuming stable political and economic conditions.

• Moderate business pickup expected in H2 2025, led by Energy Management and Print.

• Strategy 2030 to be announced in October 2025.