TA Triumph-Adler AG
Ad-hoc Announcement by TA Triumph-Adler AG: 1st Quarter Results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Announcement by TA Triumph-Adler AG: 1st Quarter Results
Nuremberg, May 14, 2004 – TA Triumph-Adler AG has announced its results for the
first quarter of fiscal year 2004. Consolidated sales came to 99.0 million euros
as of March 31, 2004. The previous year’s sales of 135.6 million euros include
the pro-rata temporis sales of the TA Beteiligung Division, which has meanwhile
been sold. Adjusted for this, sales for the previous year’s period amounted to
104.1 million euros. The Group EBIT increased in the first quarter to 1.0
million euros (previous year: -0.6 million euros).
Despite heavy competitive pressure and unchanged difficult underlying cyclical
conditions, the company succeeded in significantly lifting the EBIT in the
Imaging business segment (sale and servicing of printers, copiers and fax
machines) to 6.4 million euros (previous year: 4.5 million euros) on sales of
78.2 million euros that matched the 78.9 million euros in sales the prior year.
In the Presentation and Media Technology business segment, where a comprehensive
package of measures is currently being implemented in order to adjust the
segment to the drastically deteriorating market conditions, the restructuring
measures that have been introduced have begun to show their first positive
effects. Nevertheless, net sales of 20.8 million euros fell considerably short
of the previous year’s net sales (25.2 million euros). The EBIT declined to -0.4
million euros (previous year: 0.5 million euros).
The Central Division burdened the consolidated result for the first quarter of
2004 by 5.0 million euros (previous year: 3.7 million euros). This figure
includes one-time charges of 1.4 million euros in connection with the Group’s
cost-cutting measures.
The cash flow in the first quarter of 2004 came to 3.4 million euros against 0.3
million euros the year before.
The Group’s quarterly result improved significantly from -6.6 million euros in
the previous year’s period to -1.6 million euros in the first quarter of 2004.
The balance sheet total at the cut-off date came to 433.7 million euros against
435.4 million euros as of December 31, 2004.
Further details can be obtained from:
TA Triumph-Adler AG, Corporate Communication / IR, Phone: +49/89/641902-58, Fax:
+49/89/641902-90, Mailing address: TA Triumph-Adler AG, Suedwestpark 23, D-
90449 Nuremberg, Germany, presse@triumph-adler.de, www.triumph-adler.de
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 14.05.2004
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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
141027 Mai 04
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