Turbon AG — Earnings Release 2005

Mar 27, 2006

News Details

Ad-hoc | 27 March 2006 08:43

Turbon AG: Turbon 2005 Consolidated Financial Statements

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Turbon 2005 Consolidated Financial Statements The audit of the consolidated financial statements has largely been completed. The accounting basis within the Group was converted to IFRS in 2005. This results in slight changes to the prior-year figures. Group sales in 2005 were EUR 117.1 million compared to EUR 123.6 million in the previous year. This means that the figures are lower in aggregate than our annual budget for 2005. Nevertheless, there was a significant increase in sales in the core area of laser cartridges in 2005 by EUR 5.6 million to EUR 77.3 million (accounting for 66% of total sales) and, even more important, this trend was reinforced during the first quarter of 2006. Consequently, we are planning for consolidated sales of at least EUR 135.0 million for the year 2006 as a whole. The share of sales accounted for by laser cartridges should rise to more than 70%. Earning figures: Earnings before interest and taxes (EBIT) were EUR 4.9 million (previous year EUR 3.7 million), income from ordinary operations was EUR 3.7 million (previous year EUR 2.6 million) while consolidated net income was EUR 3.0 million (previous year: EUR 2.2 million). However, the 2005 earnings figures have been greatly influenced by one-time effects. These effects concern, in particular, profits from the sale of non-necessary business assets and the reversal of a provision set up in the previous year. We anticipate a slight rise in consolidated net income for 2006, but one-time effects are neither planned nor expected. Balance-sheet figures as of December 31, 2005: Total assets of the consolidated balance sheet equal EUR 84.1 million, with fixed assets of EUR 17.2 million and current assets of EUR 63.4 million. Group equity was EUR 33.8 million, resulting in EUR 8.36 per share. Net liabilities due to banks were EUR 19.0 million. Hattingen, March 27, 2006 Turbon AG (c)DGAP 27.03.2006 ————————————————————————— language: English emitter: Turbon AG Ruhrdeich 10 45525 Hattingen Deutschland phone: +49 (0)2324 – 504-0 fax: +49 (0)2324 – 504-156 email: info@turbon.de WWW: info@turbon.de ISIN: DE0007504508 WKN: 750450 indexes: stockmarkets: Geregelter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————