Turbon AG — Earnings Release 2008

May 23, 2008

News Details

Corporate | 23 May 2008 09:04

Turbon AG: Earnings Growth in Q1 2008

Turbon AG / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

Turbon AG – Earnings Growth in Q1 2008

Sales and earnings of the Turbon Group in Q1 2008 were as planned. Q1 sales
amounting to 27.0 million Euro were lower than in the previous year (33.6
million Euro) but were in line with our expectations. Our expansive cost
measures start to pay off and result in earnings growth. Earnings before
interest and taxes (EBIT) were 1.5 million Euro (previous year 1.3 million
Euro), income from ordinary operations was 1.1 million Euro (previous year
0.8 million Euro) and consolidated net income was 0.9 million Euro after
0.7 million Euro in 2007. Earnings per share calculated based on the
average number of shares outstanding were 0.25 Euro (previous year 0.18
Euro). Despite the continuing price pressure we still expect sales of 100.0
million Euro for 2008 as a whole. We cope with the price pressure with
further cost cuts and therefore are optimistic to achieve positive earnings
figures in the coming quarters as well as our target of a significant
earnings growth compared to 2007. The complete interim report for the first
three months in 2008 is available from May 26, 2008 at Turbon AG,
Sekretariat, Ruhrdeich 10, 45525 Hattingen or at our website www.turbon.de.
Hattingen, May 23, 2008
Turbon AG
23.05.2008 Financial News transmitted by DGAP

---

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: www.turbon.de
ISIN: DE0007504508
WKN: 750450
Listed: Regulierter Markt in Frankfurt (General Standard),
Düsseldorf; Freiverkehr in Berlin, Hamburg, München,
Stuttgart

End of News DGAP News-Service

---