Turbon AG — AGM Information 2011

Apr 20, 2011

News Details

Ad-hoc | 20 April 2011 13:35

Turbon AG: Approval Financial Statement 2010 / Dividend / Profit outlook 2011

Turbon AG / Key word(s): Final Results/Dividend

20.04.2011 13:35

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Turbon AG - Approval Financial Statement 2010 / Dividend / Profit outlook
2011

At the Supervisory Board Meeting held on April 20, 2011 the annual
financial statements of Turbon AG as well as the consolidated financial
statements of the Turbon Group for the financial year 2010 were approved
respectively accepted. The Executive Board and Supervisory Board will
propose a dividend of Euro 1.00 (previous year: Euro 0.40) per share to the
Annual Meeting of Shareholders taking place on June 22, 2011. The increased
dividend will be composed of an earnings related dividend of 0.50 Euro per
share and a special dividend of 0.50 Euro per share due to the good
development of liquidity in the financial year 2010 and the present course
of 2011.

Based on the figures available per today for the first quarter 2011 we
confirm our consolidated sales expectation of 84.0 Million Euro for 2011,
but adjust our expectation on consolidated profit before taxes to at least
5.5 Million Euro. The final figures for the first quarter 2011 will be
available on May 16, 2011. The interim report for the first quarter will be
published on May 18, 2011.

The Executive Board with the consent of the Supervisory Board has decided
the redemption of 347,097 own shares without reduction of the share
capital. An agenda item of the Annual Meeting of Shareholders taking place
on June 22, 2011 will be the proposal of a new authorization for the
acquisition of up to 10% own shares.

The full Annual Report for the financial year 2010 can be requested
electronically on our website www.turbon.de from April 21, 2011 and
physically from April 29, 2011 at Turbon AG (Sekretariat, Ruhrdeich 10,
45525 Hattingen).

Hattingen, April 20, 2011

Turbon AG

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Language: English
Company: Turbon AG
Ruhrdeich 10
45525 Hattingen
Deutschland
Phone: +49 (0)2324 - 504-0
Fax: +49 (0)2324 - 504-156
E-mail: info@turbon.de
Internet: http://www.turbon.de
ISIN: DE0007504508
WKN: 750450
Listed: Regulierter Markt in Düsseldorf, Frankfurt (General
Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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