Turbon AG — Earnings Release 2001

Aug 16, 2001

News Details

Ad-hoc | 16 August 2001 10:21

Turbon AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Turbon – Growth in sales and earnings continues throughout 2nd quarter The Turbon Group, leading manufacturer of compatible imaging supplies for computer printers, was successful in increasing both sales and earnings in the first half of 2001. Consolidated sales in the first six months were DM 155.9 million compared to DM 144.6 million in the previous year. This growth in sales is due to high growth in the sector of new technologies (non impact). Sales of these products rose by 22.5 percent to DM 95.6 million (last year: DM 78.1 million). As a result, growth was significantly higher than the market-related decline in the sector of traditional (impact) products. Overall, sales were broken down as follows: 61.3 percent or DM 95.6 million on non impact-products (laser cartridges, ink jet, TTR) (last year 54.0 percent) and 34.1 percent or DM 53.1 million on impact-products (ink ribbon cartridges for dot matrix printers etc.) (last year 42.0 percent). The remaining 4.6 percent or DM 7.2 million (last year 4.0 percent) was mainly accounted for by sales of other products. Earnings before interest and taxes (EBIT) in the first six months of 2001 were DM 8.3 million compared to DM 7.0 million in the previous year. Income from ordinary operations was around DM 4.7 million after DM 3.9 million in the previous year. Consolidated net income rose to around DM 3.2 million after DM 2.6 million in the previous year. Earnings per share as per IAS 33 were DM 0.85 compared to DM 0.68 in the first six months of 2000. We expect the positive developments to continue for the fiscal year 2001 as a whole. The sector of non impact-products will be source of the anticipated growth in sales to more than DM 300.0 million. The market-related decline in the area of impact-products will persist, but be significantly more than compensated for by the growth in non impact-products. We are also expecting a significant rise in earnings for 2001 as a whole. The budget figures for 2001 will be adjusted slightly upwards. On this basis of the half-year closing, it is anticipated that consolidated net income will be at least DM 5.5 million. The full Interim Report for the first six months of 2001 can be requested from Turbon AG – Secretariat – Ruhrdeich 10 – 45525 Hattingen. You will also find the report on our website at www.turbon.de. Hattingen, August 16, 2001 Turbon AG end of ad hoc announcement (c) DGAP 16.08.2001 ——————————————————————————– WKN: 750450; Index: SMAX Listed: Geregelter Markt in Frankfurt, Düsseldorf; Freiverkehr in Stuttgart, Berlin, Hamburg 161021 Aug 01