Turbon AG — Earnings Release 2001

Apr 11, 2002

News Details

Ad-hoc | 11 April 2002 08:30

Turbon AG english

Turbon – 2001 was a successful year Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Turbon – 2001 was a successful year The Turbon Group, leading manufacturer of compatible imaging supplies for computer printers ended the 2001 fiscal year with a significant rise in consolidated net income to Euro 3.1 million (last year Euro 1.8 million). Group sales rose to Euro 149.1 million (last year Euro 147.9 million). Nevertheless, sales for the last year included Euro 11.2 million from a participating interest in a trading company sold in the course of 2001. The sale took place in September 2001, but with backdated effect to January 1, 2001, so that no sales of the participating interest were to be consolidated in 2001. If this is taken into account, sales increased by 9.1%. The increase in sales is due to the highly positive development in the sector of new technologies (non-impact products). Sales of these products rose by 12.2% to Euro 92.1 million. In comparison to the figures for the last year -excluding the sales of the participating interest sold in 2001 – growth in sales with non- impact products was around 26.7%. Overall, non-impact products (laser cartridges, ink jet, TTR) accounted for 61.8% (last year 55.5%) of sales, impact products (printer ribbon cartridges for dot matrix printers, etc.) for 34.3% (last year 40.0%) and other products for 3.9% (last year 4.5%). Highly positive is also the development in earnings. Earnings before interest and taxes (EBIT) rose to Euro 7.5 million (last year Euro 6.0 million), income from ordinary operations rose to Euro 4.0 million (last year Euro 2.8 million). On the basis of consolidated net income of Euro 3.1 million (last year Euro 1.8 million), earnings per share calculated as per IAS 33 are Euro 0.84 (last year Euro 0.49). For the year 2002, Turbon plans to increase sales to DM 155.0 million. This increase in sales is to be achieved by continued growth in the sector of new (non-impact) printer technologies. On this basis, the company expects a further increase in consolidated net income for the year by at least 10%. Business developments in the first few months of 2002 confirm this trend. The full Annual Report for the 2001 fiscal year will be available from April 26, 2002 either by mail from Turbon AG (Secretariat, Ruhrdeich 10, 45525 Hattingen) or on our website www.turbon.de. Hattingen, April 11, 2002 Turbon AG end of ad-hoc-announcement (c)DGAP 11.04.2002 ——————————————————————————– WKN: 750450; ISIN: DE0007504508; Index: Listed: Geregelter Markt in Frankfurt (SMAX), Düsseldorf; Freiverkehr in Stuttgart, Berlin, Hamburg 110830 Apr 02