Turbon AG / Key word(s): Quarter Results
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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
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
Hattingen, May 08, 2012
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Company: Turbon AG
Phone: +49 (0)2324 - 504-0
Fax: +49 (0)2324 - 504-156
Listed: Regulierter Markt in Düsseldorf, Frankfurt (General
Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of Announcement DGAP