Ad-hoc Announcement, 05.03.2007
TA Triumph-Adler returns to the black in 2006
Preliminary figures: Sales growth exceeds expectations, annual surplus in lower, single-digit million range, high cash flow
Nuremberg, March 5, 2007: In the 2006 business year, TA Triumph-Adler has exceeded its group sales growth targets and fully met the performance and earnings targets set for the financial year. According to preliminary figures, TA boosted consolidated sales revenues by more than 12 % from € 336.7 in the prior year to some € 378 million. The group profit from operations (earnings before interest and tax) rose from € 11.7 million to more than € 17 million. The net earnings were boosted by more than € 5.2 million. For the first time since five years TA Triumph-Adler has generated a consolidated net profit for the year of about € 2.2 million, before minority interests.
Profits ameliorated the equity ratio of the group slightly to 11.6%. In connection with a balance sheet total up by € 19 million to € 441 million, the preliminary group balance sheet as per December 31, 2006 shows a group stockholders’ equity of about € 51 million. The balance sheet extension is the result, among others, of the acquisition activities in the course of the business year and the increase in inventories and trade receivables as well as trade payables driven by accelerated sales growth. An additional key factor is the strong cash flow in the group, resulting in a marked rise in liquid funds from € 13.2 million to some € 27 million.
TA Triumph-Adler AG as parent company reports revenues from profit transfer agreements amounting to more than € 28 million as well as net earnings of more than € 3.5 million. Accumulated loss for the parent company, therefore, was reduced to slightly less than € 80 million.
TA Triumph-Adler will present the complete financial statements (parent company and consolidated group accounts) for the 2006 financial year on March 30, 2007, following the Supervisory Board approval of the year-end financial statements and the approval of the consolidated financial statements of the group.
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
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.
Nuremberg, March 5, 2007: In the 2006 business year, TA Triumph-Adler has exceeded its group sales growth targets and fully met the performance and earnings targets set for the financial year. According to preliminary figures, TA boosted consolidated sales revenues by more than 12 % from € 336.7 in the prior year to some € 378 million. The group profit from operations (earnings before interest and tax) rose from € 11.7 million to more than € 17 million. The net earnings were boosted by more than € 5.2 million. For the first time since five years TA Triumph-Adler has generated a consolidated net profit for the year of about € 2.2 million, before minority interests.
Profits ameliorated the equity ratio of the group slightly to 11.6%. In connection with a balance sheet total up by € 19 million to € 441 million, the preliminary group balance sheet as per December 31, 2006 shows a group stockholders’ equity of about € 51 million. The balance sheet extension is the result, among others, of the acquisition activities in the course of the business year and the increase in inventories and trade receivables as well as trade payables driven by accelerated sales growth. An additional key factor is the strong cash flow in the group, resulting in a marked rise in liquid funds from € 13.2 million to some € 27 million.
TA Triumph-Adler AG as parent company reports revenues from profit transfer agreements amounting to more than € 28 million as well as net earnings of more than € 3.5 million. Accumulated loss for the parent company, therefore, was reduced to slightly less than € 80 million.
TA Triumph-Adler will present the complete financial statements (parent company and consolidated group accounts) for the 2006 financial year on March 30, 2007, following the Supervisory Board approval of the year-end financial statements and the approval of the consolidated financial statements of the group.
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
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.