Turbon AG — Earnings Release 2007

Aug 20, 2007

News Details

Corporate | 20 August 2007 14:44

Turbon AG: Figures for six months:

Turbon AG / Half Year Results

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Corporate News
Turbon AG

Turbon AG – Figures for six months
Consolidated sales in the first six months of 2007 were Euro 64.2 million
compared to Euro 65.4 million in the first half of 2006. The decrease was
due to negative foreign currency effects resulting from the consolidation
of sales (Euro 1.6 million). Based on local currencies sales increased by
Euro 0.4 million. The significant increase in sales of our core business of
laser cartridges has continued. Sales of laser cartridges were Euro 52.5
million (previous year: Euro 47.7 million). This represents a rise of Euro
4.8 million or 10.1%. Sales of other products totaled Euro 11.7 million
(previous year: Euro 17.7 million). The allocation of sales is as follows:
The core business laser cartridges accounted for 81.7% (previous year:
72.9%) of total sales. Other products accounted for 18.3% (previous year:
27.1%). EBIT (earnings before interest and taxes) for the first half of
2007 were Euro 0.8 million (previous year: Euro 1.7 million), result from
ordinary operations was Euro -0.2 million (previous year: Euro 1.3 million)
and consolidated net result was Euro -0.5 million (previous year: Euro 0.9
million). Results per share on the basis of the average share portfolio
were calculated at Euro -0.14 (previous year: Euro 0.23). Worldwide
consolidated sales for 2007 are forecast to be 128 million Euro. The Group
is continuously attacking its cost base. The transfer of the production
activities of Tonerfill Holland to Romania has been completely finalized.
We have executed major cutbacks in the US and in the UK. Furthermore it is
planned to move the remaining coloured laser production from England to
Romania and Thailand during the 2nd half of 2007. As a result particularly
of the actions for cost reductions we have taken and will continue to take,
we expect a significant improvement in profitability during the second half
and as a result a profitable whole year 2007. Profits from Europe and Asia
as well as from the US – after achieving the turnaround – will contribute
to this result. The full Interim Report for the first six months of 2007
can be requested from August 20, 2007 at Turbon AG (Sekretariat, Ruhrdeich
10, 45525 Hattingen). You will also find the report on the aforementioned
date on our website at www.turbon.de.
Hattingen, August 20, 2007
Turbon AG
20.08.2007 Financial News transmitted by DGAP

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Language: English
Issuer: 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: info@turbon.de
ISIN: DE0007504508
WKN: 750450
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard), Düsseldorf;
Freiverkehr in Berlin, Hamburg, München, Stuttgart

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