TA Triumph-Adler AG
TA Triumph-Adler AG english
Ad-hoc Announcement by TA Triumph-Adler AG – First quarter 2003 results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Nuremberg/Munich, 05/15/03: TA Triumph-Adler AG has published its results for
the first quarter of financial year 2003: Consolidated sales amounted to 135.6 m
EUR (prior year: 148.4 m EUR) as at the cut-off date (March 31, 2003), EBITDA
fell to 6.8 m EUR (prior year 7.4 m EUR). Consolidated quarterly earnings before
goodwill amortization and deferred taxes improved from -5.9 m EUR to -5.1 m
EUR. Sales rose and the market position was further expanded in the core
business of Experts at Output. First quarter sales amounted to 104.1 m EUR
(prior year 101.9 m EUR). Due to current high levels of competitive pressures as
a result of recessionary market conditions, EBITDA in the core business was
reduced slightly to 11.0 m EUR (prior year 11.2 m EUR).
Rising demand is seen in sales and servicing for our new offers of T.O.M. (Total
Output Management for customers) and Third-Party-Maintenance (Service and
maintenance for third-party manufacturers and dealer organizations).
The share of products with our own Group brands (Triumph-Adler and UTAX) has
grown to 80% of direct sales in the interim.
TA Beteiligung showed disparity in development. Concord, the child car seat
manufacturer, raised its sales during the period under review by 30% over the
same period of the previous year and EBITDA by 70%.
Majorette and the sub-group TA BauTech on the other hand have recorded a
downturn in sales and earnings compared to the same quarter of the previous year
as a result of market conditions. TA Beteiligung achieved total sales of 31.5 m
EUR (prior year 46.5 m EUR); EBITDA amounted to -0.5 m EUR (prior year 0.1 m
EUR). Prior year figures for sales were 36.0 m EUR and for EBITDA 0.0 m EUR,
once the results of the companies sold in the interim are eliminated.
The Central Division reduced Group income in the first quarter by 3.7 m EUR
(prior year -3.9 m EUR) in principle according to expectations.
Group quarterly earnings amounted to -6.6 m EUR on the cut-off date (prior year
-6.1 m EUR). Total assets decreased by 556.8 m EUR on March 31, 2003, from 583.1
m EUR (December 31, 2002).
Further details can be obtained from: TA Triumph-Adler AG: Dietrich Freiherr von
Mylius, Phone: +49/89/641902-57, Fax: +49/89/641902-90, presse@triumph-
adler.de, Mailing address: TA Triumph-Adler AG, Implerstrasse 11, D-81371
Munich, Germany
end of ad-hoc-announcement (c)DGAP 15.05.2003
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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
150833 Mai 03
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