Turbon AG: Financials for first quarter 2012

Turbon AG  / Key word(s): Quarter Results

08.05.2012 18:23

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.

---------------------------------------------------------------------------

Turbon AG - Financials for first quarter 2012

Both sales and earnings figures for the first quarter are on track. Turbon
Group sales for the first three months of 2012 were Euro 21.8 million and
increased by 3.5% versus previous year's sales (Euro 21.1 million).
Earnings
before interest and tax (EBIT) in the first three months of the year were
Euro 1.9 million (previous year: Euro 1.8 million). The earnings from
ordinary operations were Euro 1.7 million (previous year: Euro 1.6 million)
and the consolidated net profit was Euro 1.1 million (previous year: Euro
1.0 million).

The development of sales in the USA was encouraging as well. In fact,
during
the most recent completed month of April 2012, we achieved the highest
monthly sales total in the USA since the end of the business relationship
with Staples/Corporate Express. We are confident that this trend will
continue and we will overall achieve the full year 2012 planned sales of
between Euro 86 - 90 million. Notwithstanding the fact that during the
second half of 2012 we forecast with a lower overall gross margin, we now
strive for full year 2012 earnings before tax of Euro 6.0 million.

The complete interim report for the first three months of 2012 will be
available following the Supervisory Board Meeting on May 16, 2012 at Turbon
AG, Sekretariat, Ruhrdeich 10, 45525 Hattingen or at our website
www.turbon.de.

Hattingen, May 08, 2012
Turbon AG


08.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Turbon AG
              Ruhrdeich 10
              45525 Hattingen
              Germany
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 Düsseldorf, Frankfurt (General
              Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------