Turbon AG — Earnings Release 2005

Nov 21, 2005

News Details

Ad-hoc | 21 November 2005 08:40

Turbon AG: Figures for nine months

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Turbon AG: Figures for nine months The positive trend in sales performance already indicated in the half-year report has continued. While a decline in sales was registered in the Q1 and Q2 – for the reasons already reported – sales in the third quarter increased by EUR 0.8 million compared to the figure for Q3/2004. We expect sales to rise in Q4 to an extent that significantly exceeds this amount compared to the prior- year figure. Consolidated sales for the first nine months of 2005 were Euro 87.2 million compared to Euro 93.7 million in the previous year. Consequently, the decline in sales in the first nine months totals Euro 6.5 million (Euro 7.3 million for the first six months), whereof Euro 1.3 million is attributable to negative foreign currency effects resulting from the consolidation of sales. Increased sales in Q4 will enable us to further narrow the gap to the previous year’s sales figures. Earnings before interest and taxes (EBIT) were Euro 3.0 million in the first nine months of 2005 in contrast to Euro 3.6 million in the previous year. Income from ordinary operations was around Euro 2.1 million compared to Euro 2.8 million, whereas consolidated net income was Euro 1.4 million against Euro 1.9 million in the previous year. Earnings per share were Euro 0.39 in contrast to the 2004 figure of Euro 0.52. Like sales figures, developments in earning figures are also positive overall. We expect the positive earnings trend to continue in Q4 and anticipate that this should result in a consolidated net income at least in the same amount (Euro 2.3 million) as in the previous year. The full Interim Report for the first nine months of 2005 can be requested from Turbon AG (Ruhrdeich 10, 45525 Hattingen). You will also find the report on our website at http://www.turbon.de . Hattingen, November 21, 2005 Turbon AG Turbon AG Ruhrdeich 10 45525 Hattingen Deutschland ISIN: DE0007504508 WKN: 750450 Listed: Geregelter Markt in Düsseldorf und Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Hamburg und Stuttgart End of ad hoc announcement (c)DGAP 21.11.2005