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TA Triumph-Adler AG

EANS-News: TA Triumph-Adler AG reports first quarter sales drop, loss due to current market environment

Nürnberg (euro adhoc) -

Syndicated loan to be replaced by shareholder loan - Two acquisitions
aim to round off business in Austria and South-Western Germany
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
balance
Nuremberg, April 27, 2009 - Due to the bad
current market environment TA Triumph-Adler reports consolidated 
sales to come in 18.9% lower in the first three months of its 2009 
financial year than in the first quarter of last year, and amounting 
to EUR76.9 million.
Lower sales revenues as well as extraordinary expenses of almost EUR1
million for the necessary capacity adjustments as well as relating to
refinancing activities resulted in a pre-tax loss of EUR2.1 million. 
A pre-tax profit of EUR2.2 million arose in the first quarter of the 
previous year.
TA Triumph-Adler will now fully redeem the syndicated loan facility 
entered into in summer 2007. The funds required for this are being 
sourced from a shareholder loan.
Operating cash inflow of EUR6.2 million; strong cash position
Cash flow in the first quarter 2009 was negative at minus EUR2.9 
million. Cash flow from operating activities, however, amounted to 
EUR6.2 million, mainly due to changes in net current assets. Cash and
cash equivalents consequently rose from EUR29.0 million on December 
31, 2008 to EUR33.6 million on March 31, 2009.
Total consolidated assets amounted to EUR303.7 million, a EUR9.0 
million extension of the balance sheet total compared with the level 
on December 31, 2008, corresponding to a EUR9.0 million rise in 
inventories. Following Kyocera Mita's acquisition of more than 50% of
TA Triumph-Adler shares we de-recognized deferred tax assets relating
to loss carryforwards within the Group. The balance sheet loss rose 
to minus EUR159.4 million as of December 31, 2008. The balance sheet 
loss rose further to minus EUR161.5 million as a result of the 
negative quarterly earnings. Consolidated equity after deducting the 
minority interest now amounts to minus EUR73.3 million. The matter is
of a purely accounting nature, and has no legal or liquidity 
consequences, or effects that might jeopardize the company as a going
concern. TA Triumph-Adler AG as the legally relevant parent company 
reports an equity ratio of around 30%. Other current liabilities 
(mainly trade payables) were reduced by EUR13.7 million during the 
course of the first three months to EUR102.9 million.
Two acquisitions aim to round off business in Austria and 
South-Western Germany
Following the conclusion of this reporting period, TA Triumph-Adler 
acquired two smaller companies. Purchased were the entire business 
operations of the company MS Farbdrucklösungen, Schorndorf, as well 
as Printer Products GmbH, Vienna. The acquisitions serve to round off
the business in Austria and the southwest of Germany. Together, they 
have an installed base of around 1,000 machines and reported sales of
over EUR3 million in 2008.
For further information please contact:
TA Triumph-Adler AG
Südwestpark 23
90449 Nuremberg
Germany
Dr. Joachim Fleing
Telefon: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200 ir@ta.ag
www.triumph-adler.de
end of announcement                               euro adhoc

Further inquiry note:

Sonja Blättchen

Telefon: +49 (0)911 6898-104

E-Mail: sonja.blaettchen@triumph-adler.net

Branche: Semiconductors & active components
ISIN: DE0007495004
WKN: 749500
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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