TA Triumph-Adler AG
TA Triumph-Adler AG – Ad-hoc Announcement as Stipulated by Art. 15 WpHG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Triumph-Adler increases operating profit
Imaging is further growing
Restructuring of Presentation and Media Technology proceeding as planned
Nuremberg, August 13, 2004: TA Triumph-Adler AG announces its results for the
first half-year 2004: Group sales came to EUR 194.0 million on June 30, 2004, 3%
below the level of the previous year when adjusted for peripheral activities
that have since been sold. The Group’s operating profit (EBIT before onetime
effects) increased considerably, from EUR -3,2 million to EUR 3,4 million.
In the core business segment of Imaging (selling and servicing printers,
copiers, fax machines and archiving systems) sales grew from EUR 152.8 million
in the previous year to EUR 156.7 million in the reporting period, while
increasing the EBIT by almost 45% from EUR 7.7 million to EUR 11.1 million and
gaining additional market share.
Overall, the restructuring of the Presentation and Media Technology business
segment is proceeding as planned, though the successes achieved in the meantime
are not yet finding reflection to their full extent in the corresponding half-
year figures. Year-on-year, this segment’s sales dropped to EUR 37.3 million
(previous year’s period: EUR 47.2 million). The same applies to earnings: The
EBIT (before one-time charges) of the previous year’s period amounted to EUR –
0.5 million compared to EUR -1.5 million in the reporting period.
The Central Division burdened the EBIT (before one-time charges) for the first
six months of 2004 by EUR -6.2 million (previous year: EUR -7.4 million), with
pension costs of EUR 3.7 million accounting for a major portion of this figure.
The number of employees in the Central Division has been halved within a year.
The relocation of the main Munich site to the company’s headquarters in
Nuremburg has been completed.
The previous year’s financial statements to June 30 included onetime income of
EUR 7.2 million arising from the sale and divestment of the remaining non-core
activities, which was completely absent from the period under review. In
contrast, extraordinary expenses of EUR 3.3 million were incurred in the first
six months of 2004 relating to the reorganization of the Triumph-Adler Group. As
of June 30, 2004, earnings before taxes and goodwill amortization come to EUR –
3.5 million (previous year: EUR -3.0 million), while the consolidated net loss
for the year amounts to EUR -4.6 million at the reporting date, compared to EUR
-1.5 million in the previous year’s period.
The balance sheet total came to EUR 426.1 million on June 30, 2004, compared to
EUR 435.4 million on December 31, 2003. The net cash provided for operating
activities came to EUR 17.9 million in the first six months of 2004, compared to
a net cash used of EUR -21,3 million in the same period of the previous year.
Further details can be obtained from: TA Triumph-Adler AG, Corporate
Communication/IR, Phone: +49 911/6898-104, Fax: +49/911/6898-204,
presse@triumph-adler.de, http://www.triumph-adler.de ,
Mailing address: TA Triumph-Adler AG, Suedwestpark 23, D-90449 Nuremberg,
Germany
Brief corporate profile:
TA Triumph-Adler AG was transformed into a tightly focused distribution and
service business with a leading franchise in the future market of digital office
communication.
The Triumph-Adler core business distributes and services digitalized systems for
copying, printing, faxing, presenting and archiving.
Triumph-Adler is market leader in the segment Imaging in Germany. The segment
Presentation and Media Technology has a strong market position in Europe.
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 believes 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 future results actually achieved will match the
assumptions and estimations expressed in this press statement, nor does it
assume any liability in this regard.
end of ad-hoc-announcement (c)DGAP 13.08.2004
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WKN: 749500; ISIN: DE0007495004; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
131812 Aug 04
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