Turbon AG — Earnings Release 2007

May 16, 2007

News Details

Ad-hoc | 16 May 2007 16:47

Turbon AG: Figures for three months

Turbon AG / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Turbon AG - Figures for three months
Consolidated sales in Q1/2007 were Euro 33.6 million compared to Euro 34.1
million in Q1/2006. The decrease was due to negative foreign currency
effects resulting from the consolidation of sales (Euro 0.9 million). Based
on local currencies sales increased by Euro 0.4 million. Sales of laser
cartridges were Euro 27.0 million (previous year: Euro 24.7 million). This
represents a rise of Euro 2.3 million or 9.3%. Sales of other products
(mainly ink jet, TTR and impact products) totaled Euro 6.6 million
(previous year: Euro 9.4 million). The reduced sales are primarily due to
the market-related decline in impact products (printer ribbon cartridges).
Based on these figures, the percentage distribution of sales is as follows:
laser cartridges accounted for 80.3% (previous year: 72.6%) of aggregated
sales. Other products accounted for 19.7% (previous year: 27.4%). Q1/2007
EBIT (earnings before interest and taxes) were Euro 1.3 million (previous
year: Euro 1.4 million), income from ordinary operations was Euro 0.8
million (previous year: Euro 1.1 million) and consolidated net income was
Euro 0.7 million (previous year: Euro 0.8 million). Earnings per share on
the basis of the average share portfolio were calculated at Euro 0.18
(previous year: Euro 0.21). For 2007 as a whole we anticipate an increase
of consolidated sales to at least Euro 135.0 million. The revision of our
prior prognosis is mainly caused by the weaker US Dollar compared to the
Euro. The increase in consolidated sales from Q2/2007 is primarily due to
growth in laser cartridge sales in north America. Overall we expect
stronger sales in the coming three quarters compared to the respective
periods in the previous year. Due to a combination of growth in sales and
cost savings resulting from the restructuring measurements we now
anticipate – based on consolidated sales amounting to Euro 135.0 million -
consolidated net income of Euro 3.0 million. The full Interim Report for
the first three months of 2007 can be requested from May 21st 2007 at
Turbon AG (Secretariat, Ruhrdeich 10, 45525 Hattingen). You will also find
the report on the aforementioned date on our website at www.turbon.de.
Hattingen, May 16, 2007
Turbon AG

DGAP 16.05.2007

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

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