Turbon AG — Earnings Release 2010

May 5, 2010

News Details

Ad-hoc | 5 May 2010 15:59

Turbon AG: Good first quarter 2010

Turbon AG / Quarter Results/Change in Forecast

05.05.2010 15:59

Dissemination 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 - Good first quarter 2010

Consolidated sales of the Turbon Group in the first quarter 2010 were 19.0
million Euro (previous year 24.1 million Euro) and by this slightly above
plan. Also pleasing were the earnings figures accomplished in the first
quarter, which all were above plan. EBIT (earnings before interest and
taxes) were 1.6 million Euro (previous year 1.6 million Euro), result from
ordinary operations was 1.35 million Euro (previous year 1.4 million Euro)
and group net income was 0.8 million Euro (previous year 1.0 million Euro).
Reasons for the good earnings figures despite distinctly lower sales in
comparison to the first quarter of 2009 were an improved gross margin,
lower administration expenses as well as a gain on exchange rate in the
amount of 0.3 million Euro after recording a loss on exchange rate in the
amount of 0.2 million Euro in the first quarter of 2009. As furthermore our
sales team is making good progress on the acquisition of new sales in order
to replace the ceased sales with Corporate Express (we reported), we adjust
our forecast for the whole year 2010 to the upside. For the financial year
2010 we from today's point of view now expect consolidated sales between
75.0 and 80.0 million Euro and pre tax profits between 3.5 and 4.0 million
Euro. The complete interim report for the first quarter 2010 will be
available following the Supervisory Board Meeting on May 19, 2010 at Turbon
AG, Sekretariat, Ruhrdeich 10, 45525 Hattingen or at our website
www.turbon.de.
Hattingen, May 05, 2010
Turbon AG

05.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 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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