Teleplan International N.V.
Teleplan International N.V.: Stable year-on-year revenue development in the first quarter 2011
Teleplan International N.V. / Key word(s): Interim Report/Interim Report P R E S S R E L E A S E Stable year-on-year revenue development in the first quarter 2011 – Takeover transaction costs and arrangement fees impact first quarter 2011 results Schiphol/Amsterdam, the Netherlands, 5 May 2011 – Teleplan International N.V. (ISIN: NL0000229458), the leading global provider of high-tech after-market services for the Computer, Communications and Consumer Electronics industries announced today its first quarter 2011 results. Teleplan revenues amounted to 69.8 million euro in the first three months 2011 (Q1/2010: 70.3 million euro) representing a decrease of 0.7%. EBITDA fell by 38.7% from 8.1 million euro to 4.9 million euro in the first quarter 2011. EBIT decreased from 7.0 million euro in the first quarter 2010 to 3.7 million euro in the quarter under review mainly driven by a lower gross margin of 58.4% (Q1/2010: 62.4%). As a consequence of the public takeover by AMS Acquisition B.V. (Gilde) being settled in March 2011, earnings before tax (EBT) and net income were impacted negatively. Ongoing loan servicing costs, substantial transaction costs and arrangement fees have been partly incurred in the first quarter of 2011. Net loss for the first three months 2011 was 0.6 million euro. Consequently, earnings per share were negative with minus 0.01 euro (Q1/2010: 0.08 euro). Stable top-line performance in the 3Cs Lower equity ratio reflects public takeover by Gilde Total equity decreased by 60.2 million euro to 11.9 million euro at 31 March 2011 compared to 72 million euro end of 2010. The decrease mainly reflects the distribution of 56.3 million euro to Teleplan shareholders in March 2011, the negative result for the first quarter 2011 and currency translations on foreign operations. The equity ratio decreased to 8% compared to 44.7% at 31 December 2010. At a glance: Teleplan’s key figures (IFRS)
For Further Information: Teleplan International N.V. Teleplan International N.V. is one of the top suppliers of high-tech after-market services and provides total lifecycle care solutions for the world of Computers, Communications and Consumer Electronics (‘3Cs’). The lifecycle care concept ranges from simple repairs to the most sophisticated technological and electronic solutions. Headquartered in Amsterdam/Schiphol, the Netherlands, Teleplan currently operates from 22 sites in Europe, North America, Asia and Australia with approximately 5,600 employees. For further information please visit: www.teleplan.com. End of Corporate News 05.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Teleplan International N.V. | |
Schiphol Boulevard 201 | ||
1118 BG Schiphol | ||
Niederlande | ||
Phone: | +31 79 330 44 55 | |
Fax: | +31 79 330 44 66 | |
E-mail: | investor_relations@teleplan.com | |
Internet: | www.teleplan.com | |
ISIN: | NL0000229458 | |
WKN: | 916980 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
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