Turbon AG / Final Results 12.03.2010 16:42 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 - 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 16:42 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Turbon AG: Good figures in 2009
| Source: EQS Group AG