Turbon AG — Management Reports 2009

Jan 17, 2009

News Details

Ad-hoc | 17 January 2009 08:50

Turbon AG: Termination of the supply relationship with Staples/Corporate Express in the USA

Turbon AG / Development of Sales

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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In the course of Staples recent takeover of Corporate Express, we had
negotiations with Staples regarding the continuation of our Supply
Agreement relationship. The business with Corporate Express, executed by
our USA subsidiary, was the largest single turnover piece of the Turbon
Group in 2008, totalling US Dollar 38.8 million. The negotiations failed,
so that the turnover with Corporate Express (respectively Staples), will be
significantly lower in 2009. Based on our existing agreement, we are
planning for 2009 with US Dollar 17.5 million from the Corporate Express
business and expect the full lapse for 2010. Our flexible company structure
permits a fast adjustment of capacities and costs. This, combined with the
many cost savings measures from 2008, which have started to pay, make us
confident that our earnings figures in 2009, despite this setback, will at
least be at a similar level as 2008.
Hattingen, January 17, 2009
Turbon AG
17.01.2009 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: www.turbon.de
ISIN: DE0007504508
WKN: 750450
Listed: Regulierter Markt in Frankfurt (General Standard),
Düsseldorf; Freiverkehr in Berlin, Hamburg, München,
Stuttgart

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