Ad-hoc Announcement, 14.11.2006
Strong third quarter and positive outlook at TA Triumph-Adler AG. Figures for the first nine months enter positive territory. Quarterly sales up 25 % on prior year.
Nuremberg, November 14, 2006: Third quarter 2006 sales at the
TA Triumph-Adler Group were up 14 % on the previous quarter, growing from € 86.7 million to the present € 98.8 million. This is an increase of almost 25 % over the € 79.3 sales of the same period in the previous year. The overall solid business performance led to sales for the first nine months growing by 10 % to € 273.1 million.
The specialist in Document Business efficiency generated quarterly earnings before interest and taxes (EBIT) of around € 4.9 million. In the nine-month period the EBIT improved from € 3.7 million last year to € 11.2 million now, making the EBIT margin 4.1 % - more than double the 1.5 % achieved in the same period the previous year.
The TA Triumph-Adler Group reported profits for both the quarter and the nine-month period. A surplus of practically € 0.9 million was generated in the third quarter. The surplus before minority interests for the first nine months of fiscal year 2006 comes to € 0.6 million. As a result, profit increased by € 5.1 million over the same period the previous year: a loss of € 4.5 million was posted in the previous year’s period.
Seen from today's perspective, expectations are therefore that the company will again post a net income this year for the first time since fiscal year 2001, the CEO states in the company’s Quarterly Report. The company has beaten its own targets, both in the corporate customer business and in sales of color machines and printers, he notes. He added that TA Triumph-Adler has stepped up its focus on consulting and helps its customers to substantially increase their document business efficiency. This competitive advantage is now yielding the kind of benefits that the program for increasing the company’s own efficiency is likewise delivering.
The cash flow rose in the first nine months of the current fiscal year from € 10.6 million in the previous year's period to the present
€ 12.4 million. The inflow of funds from ordinary operations increased to € 25.6 million. Cash and cash equivalents remain almost unchanged at a solid € 13 million.
The balance sheet total increased from € 422.1 million at December 31, 2005, to € 433.8 million at September 30, 2006. One reason for the increase in total assets and liabilities is the increase in current assets. Inventories substantially increased in response to increased sales and in anticipation of the expected continuing pick-up in business in the fourth quarter.
The shareholders’ equity ratio remains unchanged at 11.4 %.
The TA Triumph-Adler Group employed 1,436 staff as of September 30, 2006 (previous year: 1,459).
Contact:
TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 204
ir@ta.ag
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 Information:
This press statement contains forward-looking statements that are based on the assumptions and estimations of the management of TA Triumph-Adler AG. Even though the management is of the opinion that these assumptions and estimations are correct, the actual future development and the actual future results of these assumptions and estimations may deviate materially owing to many different factors. These factors could include, for example, a change in the overall economic situation, exchange rates, interest rates as well as changes in the development of the market and changes to the competitive situation arising from technological change. TA Triumph-Adler AG undertakes no guarantee that the future development and the actual future results achieved will meet the assumptions and estimations expressed in this press statement, nor does it assume any liability in this regard.
TA Triumph-Adler Group were up 14 % on the previous quarter, growing from € 86.7 million to the present € 98.8 million. This is an increase of almost 25 % over the € 79.3 sales of the same period in the previous year. The overall solid business performance led to sales for the first nine months growing by 10 % to € 273.1 million.
The specialist in Document Business efficiency generated quarterly earnings before interest and taxes (EBIT) of around € 4.9 million. In the nine-month period the EBIT improved from € 3.7 million last year to € 11.2 million now, making the EBIT margin 4.1 % - more than double the 1.5 % achieved in the same period the previous year.
The TA Triumph-Adler Group reported profits for both the quarter and the nine-month period. A surplus of practically € 0.9 million was generated in the third quarter. The surplus before minority interests for the first nine months of fiscal year 2006 comes to € 0.6 million. As a result, profit increased by € 5.1 million over the same period the previous year: a loss of € 4.5 million was posted in the previous year’s period.
Seen from today's perspective, expectations are therefore that the company will again post a net income this year for the first time since fiscal year 2001, the CEO states in the company’s Quarterly Report. The company has beaten its own targets, both in the corporate customer business and in sales of color machines and printers, he notes. He added that TA Triumph-Adler has stepped up its focus on consulting and helps its customers to substantially increase their document business efficiency. This competitive advantage is now yielding the kind of benefits that the program for increasing the company’s own efficiency is likewise delivering.
The cash flow rose in the first nine months of the current fiscal year from € 10.6 million in the previous year's period to the present
€ 12.4 million. The inflow of funds from ordinary operations increased to € 25.6 million. Cash and cash equivalents remain almost unchanged at a solid € 13 million.
The balance sheet total increased from € 422.1 million at December 31, 2005, to € 433.8 million at September 30, 2006. One reason for the increase in total assets and liabilities is the increase in current assets. Inventories substantially increased in response to increased sales and in anticipation of the expected continuing pick-up in business in the fourth quarter.
The shareholders’ equity ratio remains unchanged at 11.4 %.
The TA Triumph-Adler Group employed 1,436 staff as of September 30, 2006 (previous year: 1,459).
Contact:
TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 204
ir@ta.ag
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 Information:
This press statement contains forward-looking statements that are based on the assumptions and estimations of the management of TA Triumph-Adler AG. Even though the management is of the opinion that these assumptions and estimations are correct, the actual future development and the actual future results of these assumptions and estimations may deviate materially owing to many different factors. These factors could include, for example, a change in the overall economic situation, exchange rates, interest rates as well as changes in the development of the market and changes to the competitive situation arising from technological change. TA Triumph-Adler AG undertakes no guarantee that the future development and the actual future results achieved will meet the assumptions and estimations expressed in this press statement, nor does it assume any liability in this regard.