EANS-Adhoc: TA Triumph-Adler AG
TA Triumph-Adler AG Provisional Figures:
Revenue Decline of almost 20% during the 2009 Financial Year
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Nuremberg, January 28, 2010 - According to provisional figures, TA Triumph-Adler AG generated consolidated revenue of more than EUR287 million in the 2009 financial year (as of December 31, 2009), almost 20% less than in the 2008 financial year, in which EUR358 million of revenue was achieved. The decline is attributable to an extremely weak, crisis-related, demand situation. The shortfall in revenue resulted in a pre-tax loss of less than EUR15 million; in the previous year, the Group achieved a pre-tax profit of EUR7.3 million. In the fourth quarter of the last financial year, consolidated revenue amounted to EUR72.6 million (also on the basis of provisional figures), representing an increase of approximately 7% compared with the third quarter of 2009.
Due to the declining business trend, the profit transfers from the Group companies to the TA Triumph-Adler AG parent company were significantly lower than in the previous year. For this reason, and in connection with the companies' budgets for subsequent years, the valuations of some Group companies required adjustment in the parent company balance sheet; write-downs totaling around EUR21 million were applied. With equity of EUR63 million, the parent company's equity ratio still amounts to around 21%.
Contact: TA Triumph-Adler AG Suedwestpark 23 D - 90449 Nuremberg Dr. Joachim Fleing Phone: +49 / 911 / 68 98 - 499 Fax: +49 / 911 / 68 98 - 200 email@example.com www.triumph-adler.com
Bearer shares ISIN: DE0007495004, admitted to official trading (Prime Standard) on the Frankfurt stock exchange and on all German regional exchanges
Important notice: This press release contains forward-looking statements that are based on assumptions and estimates made by the management of TA Triumph-Adler AG. Even if the management of the company is of the view that these assumptions and estimates are appropriate, future actual developments and future actual events may diverge significantly from these assumptions and estimates due to various factors. These factors may include, by way of example, changes in the macroeconomic situation, exchange rates, interest rates, as well as changes both within the market and in the competitive environment as the result of technological change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if future developments, and results achieved in the future, do not accord with the assumptions and estimates expressed in this press release.
end of announcement euro adhoc
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