Turbon AG: Good figures in 2009

Turbon AG / Final Results

12.03.2010 16:40

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 figures in 2009

Particularly due to unplanned one-time-effects the Turbon Group achieved -
in the fourth quarter as well as in the whole year of 2009 - earnings
figures which exceeded the planned figures. These positive one-time-effects
in the fourth quarter amounted to a total of 1.25 million Euro and are
divided into currency gains (0.8 million Euro), the sale of trademark
rights (0.25 million Euro) as well as a positive earnings effect resulting
from the first consolidation of BIL Meerbusch KG as of December 31st, 2009
(0.2 million Euro). As also sales in the fourth quarter of 2009 were
slightly higher than planned, the following preliminary sales- and earnings
figures can be reported: Consolidated sales in the financial year 2009 were
85.9 million Euro (previous year: 98.3 million Euro). EBIT was 6.8 million
Euro (previous year: 4.3 million Euro) and the result from ordinary
operations was 5.8 million Euro (previous year: 2.9 million Euro). After
deduction of income taxes group net income in 2009 was 3.5 million Euro
(previous year: 1.6 million Euro).As reported the supply relationship with
Turbon's former largest customer Corporate Express/Staples in the USA ended
in 2009. In 2009 sales to this customer were still 17.1 million Euro
(previous year: 28.9 million Euro). For 2010 no sales to this customer are
planned. Despite the dedicated and also successful work of our sales team
on the acquisition of additional sales with existing and new customers, we
will not be able to compensate this sales loss already in 2010. From
today's point of view and on the basis of our current customer group we
expect for 2010 sales of 75.0 million Euro. If this sales target is
achieved we are planning with pre tax profits of approximately 3.0 million
Euro. The Supervisory Board Meeting resolving the 2009 financials will take
place on April 21, 2010. Subject in this meeting will also be the dividend
recommendation to the annual shareholder meeting taking place on June 24,
2010 in Hattingen. The complete annual report for the fiscal year 2009 will
be published on April 22, 2010 on our website at www.turbon.de and will be
available at Turbon AG (Sekretariat, Ruhrdeich 10, 45525 Hattingen) from
April 30, 2010.
Hattingen, March 12, 2010
Turbon AG


12.03.2010 Ad hoc announcement, Financial News and Media Release
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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
 
End of News                                     DGAP News-Service
 
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