06232018Sat
Last updateWed, 20 Jun 2018 4am
>>

TECHNOTRANS SHAREHOLDERS VOTE IN FAVOUR OF CONVERSION INTO SOCIETAS EUROPAEA

New legal form for company resolved / SE reflects internationalisation / Dividend of EUR 0.88 per share


The technotrans Group will in future operate as a European stock corporation with the abbreviation SE (Societas Europaea). The Annual General Meeting today, Friday, passed the resolution to change the legal form by a large majority. The record number of shareholders attending also accepted the dividend proposal of EUR 0.88 cents per no par value share.
“Today we have taken a number of major landmark decisions to help us maintain our course of growth,” commented Dirk Engel, Chief Executive Officer of technotrans SE. The resolution on the change of the company’s legal form is the most conspicuous outward change. 99.8 percent of voting capital supported this move at the meeting in the Münsterland Hall. “We want this measure to reflect our international focus,” declared Engel. Key structures such as the dual-board system comprising Board of Management and Supervisory Board as well as employee codetermination are unaffected by this move.
Another key item on the agenda was the resolution on the distribution of the accumulated profit of around EUR 9.7 million. Of this sum, just under EUR 6.1 million will be distributed on the share capital of EUR 6.9 million, representing 0.88 cents per voting share.
The Annual General Meeting also supported the proposal by the Board of Management and Supervisory Board to create new Authorised Capital. The resolution is valid until May 17, 2023. It replaces a similar arrangement that would have expired next year.
Positive outlook
In its situation report, the Board of Management had previously provided an overview of the past year. For the first time, the group had posted revenue of more than EUR 200 million. The operating result (EBIT) climbed 79.2 percent in 2017 to EUR 17.4 million, surpassing the company’s own forecast. “The highly successful 2017 financial year delivers emphatic proof that our company’s chosen course is the right one,” remarked Engel.
It plans to remain on the growth trajectory. The Board of Management expects continuing growth for the year in progress, assuming a steady development in the world economy. Revenue in the range of EUR 212 to 220 million is the target. The planned operating result (EBIT) is within a range of EUR 18.0 to 20.0 million. The target EBIT margin is forecast to reach between 8.5 and 9.0 percent. It aims to increase revenue to EUR 300 million by 2020.
www.technotrans.com

primi sui motori con e-max

  • Related

  • Latest

  • Most Read

  • Twitter

Who is Online

We have 75 guests and no members online