TA Triumph-Adler AG

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

Syndicated loan to be replaced by shareholder loan - Two acquisitions aim to round off business in Austria and South-Western Germany

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Nürnberg (euro adhoc) - 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

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ots Originaltext: TA Triumph-Adler AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Weitere Meldungen: TA Triumph-Adler AG

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