Technotrans (TTR1) Industrial Technology Online Investor Conference summary

Strategic positioning and market overview

• Holds a leading position in thermal management, targeting growth from megatrends like AI, electrification, digitalization, and decarbonization.

• Aims for revenue above EUR 350 million and EBIT margin of 9%-12% by 2030, up from EUR 244 million revenue and 7.1% EBIT margin in 2025, supported by market expansion.

• Completed a transformation from a print-focused company to a diversified thermal management specialist through acquisitions, restructuring, and a focus on organic growth.

• Operates globally, with 80% of business in EMEA and balanced exposure across print, plastics, health, analytics, and energy management.

• New factory in Sassenberg expands production capacity for data centres and energy management.

Segment performance and growth drivers

• Energy Management segment saw 12% revenue growth in Q1 2026, with major orders and strong demand, surpassing previous year's order volume.

• Healthcare analytics segment saw 46% growth last year and continued growth in Q1, driven by demand for precise temperature control in medical and analytical applications.

• Print remains a legacy business with market leadership, but faces headwinds from tariffs, economic conditions, and currency effects; moderate recovery expected in H2.

• Plastics segment revenue declined by 18% due to energy costs and oil prices, but order intake is improving, signaling a more positive outlook for H2.

• Data centre solutions cover a full range of thermal management needs, including liquid and air cooling, and retrofit projects.

Data center and energy management focus

• Provides a full suite of cooling solutions for data centers, including CDUs, recoolers, refrigeration, and retrofit systems.

• Recent large orders in both battery thermal management (railway market) and data center cooling (high single-digit million EUR) support future growth.

• Growth in energy management is driven mainly by data center cooling, with EUR 20-30 million from battery thermal management and the rest from data centers.

• Investing in a new 17,600 sq m factory to meet anticipated demand, especially for data center and battery thermal management products.

• Market for thermal management systems projected to grow at a 6% CAGR through 2030.