Turbon AG / Interim Report
20.05.2009
Release of a Corporate News, 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 - Interim Report 1. Quarter 2009
Consolidated Turbon Group sales in Q1 2009 amounting to Euro 24.1 million
were lower than in Q1 2008 (Euro 27.0 million) but in line with
expectations. Also in line with expectation were the increased earnings
figures: Earnings before interest and taxes (EBIT) were Euro 1.6 million
(previous year Euro 1.5 million), income from ordinary operations was Euro
1.4 million (previous year Euro 1.1 million) and consolidated net income
was Euro 1.0 million (previous year Euro 0.9 million). Earnings per share
calculated based on the average number of shares outstanding were Euro 0.28
(previous year Euro 0.25). Due to the negative effect of the decline and
ultimately cease of sales to our major customer Staples/ Corporate Express
(please see separate announcements and annual report 2008) from second half
of 2009 we expect for the whole year of 2009 consolidated sales of Euro
80.0 million. As a result of successfully conducted cost cutting measures
we however expect earnings figures on 2008 level. The complete interim
report for the first quarter 2009 is available from May 21, 2009 at Turbon
AG, Sekretariat, Ruhrdeich 10, 45525 Hattingen or at our website
www.turbon.de.
Hattingen, May 20, 2009
Turbon AG
DGAP 20.05.2009
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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
End of News DGAP News-Service
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DGAP-News: Turbon AG: Interim Report 1. Quarter 2009
| Source: EQS Group AG