Diversified press peripherals maker technotrans is looking to great things later this year following DRUPA orders for its partners.

The company reported “significant increases” in earnings for the second quarter, and says it is still on track for the full year.

In the print segment, reports from major printing press manufacturers about significant incoming orders at the DRUPA trade fair “underline the expectation of an upturn in revenue” in the second half of 2024.

The group reported revenue of 115.3 million Euros (A$192 million) against last year’s 132.5 million Euros, with the EBIT margin at 3.5 per cent, down from last year’s 4.5 per cent to 4.0 million Euros.

Chief executive Michael Finger says technotrans significantly increased its profitability in the quarter, despite the weak economy, while staying on track in terms of revenue and earnings expectations. “This reflects the positive effects of the ttSprint efficiency programme, which we are systematically driving forward,” he said.

“In addition, significant new orders acquired this year underline the promising outlook for technotrans.”

The focus market of energy management developed had independently of the economic environment and achieved strong revenue growth of 26 per cent, partly due to the high demand for thermal management systems for rail vehicles and e-mobility charging infrastructure.

ttSprint is proceeding to plan, with all milestones defined for the first half of 2024 achieved, including organisational realignment to a market-oriented target structure for the group. Finger says the transformation to the new structure will be completed on schedule in the second half of 2024, with a strong Q2, significant sales successes and a solid order situation adding to hopes that business will pick up in the second half of the year.