Turbon AG — Earnings Release 2009

Aug 18, 2009

News Details

Ad-hoc | 18 August 2009 19:48

Turbon AG: Semi-annual report 2009

Turbon AG / Half Year 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 Adhoc Report in accordance with § 15 Securities Trading Act
(WpHG)

Turbon AG Semi-annual report 2009

Sales of the Turbon Group in the first half of 2009 were Euro 47.2 million.
Consequently, sales are down by Euro 3.9 million compared to the first half
of 2008 (Euro 51.1 million). In total, sales for the first half year were
slightly higher than our expectations. Earnings before interest and taxes
(EBIT) were Euro 2.9 million compared to Euro 2.5 million in the previous
year. Result from ordinary operations was Euro 2.6 million (previous year:
Euro 1.7 million). After taxes, group net income was Euro 1.6 million
(previous year: Euro 1.2 million). Earnings per share calculated on the
basis of the average share portfolio were Euro 0.44 (previous year: Euro
0.32). Sales and earnings figures exceeded at the end of Q2 our
expectations. However, the loss of business with Staples/Corporate Express
will have a negative effect both on sales and on the earnings figures in
the second half of the year. We nevertheless continue to expect positive
earnings figures for both quarters. Therefore we adjust our forecast for
the year 2009 in total to the upside. Previously we assumed sales of Euro
80.0 million in 2009. We now forecast sales of approximately Euro 83.0 to
85.0 million with a result from ordinary operations and group net income
above the previous year. The complete interim report for the first half of
2009 is available following tomorrow's Supervisory Board Meeting in the
afternoon of August 19, 2009 at Turbon AG, Sekretariat, Ruhrdeich 10, 45525
Hattingen or at our website www.turbon.de.
Hattingen, August 18, 2009
Turbon AG
18.08.2009 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: http://www.turbon.de
ISIN: DE0007504508
WKN: 750450
Listed: Regulierter Markt in Frankfurt (General Standard),
Düsseldorf; Freiverkehr in Berlin, München, Hamburg,
Stuttgart

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