TA Triumph-Adler AG
TA Triumph-Adler AG english
TA Triumph-Adler AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Triumph-Adler continues its success with Experts § Output,
TA Beteiligung slows Group as a whole
TA Triumph-Adler AG today announced its preliminary result for financial year
2001: With total sales for the Group amounting to EUR 703 million, TA Triumph-
Adler AG came close to matching previous year’s sales of EUR 709 million,
despite selling a number of subsidiaries.
The Triumph-Adler Experts@Output division increased sales and earnings in 2001.
Sales rose from EUR 383 million to EUR 401 million (+ 4,7%), while the EBITDA
was up from EUR 38.7 million in 2000 to EUR 41.7 million (+ 7,8%).
The TA Beteiligung division felt the impact of the recessive environment in
2001, posting a sharp decline in the operating result (EBITDA) at EUR 1 million
(previous year: EUR 33 million) on sales that held constant (comparable scope
of consolidation). The reasons here were poorer results from the subsidiaries
(burdened also by restructuring expenses of EUR 14 million) and a contribution
to earnings no longer made by companies now sold. The gains on divestments from
TA Beteiligung amounted to EUR 46 million in 2001 (previous year: EUR 54
million).
The Group produced an EBITDA of EUR 71 million (previous year: EUR 115
million). After deducting for depreciation (EUR 38 million), interest (EUR 19
million), minorities and taxes (EUR 7 million), its earnings before goodwill
amortization and deferred taxes amounted to EUR 7 million (previous year: EUR
49 million). The consolidated net income came to EUR 1 million (previous year:
EUR 7 million).
The individual accounts of TA Triumph-Adler AG were burdened with one-off
expenses for the realignment of the Group. As a result of the reduced earnings
outlook for TA Beteiligung and lowered company valuations, the Management Board
took the decision to reduce the valuations stated in the individual balance
sheet for the companies that remain to be sold. Including the losses from TA
Beteiligung that TA Triumph-Adler AG will assume, TA Triumph-Adler AG is
stating a net loss for the year of EUR 62.7 million. After the release of the
earnings reserves the accumulated loss comes to EUR 23 million as of Dec. 31,
2001. In light of these circumstances, there will be no dividend for 2001.
The realignment of the Group toward Experts § Output will also lead to changes
to the Management Board. The CFO of many years standing, Dr. Markus
Trauttmansdorff, will be leaving the company by mutual agreement as of Sept.
30, 2002. His area of responsibility will be taken over by Heiko Arnold, who
heads up finances at Triumph-Adler Experts § Output since last autumn.
end of ad-hoc-announcement (c)DGAP 20.03.2002
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WKN: 749500; ISIN: DE0007495004; Index: SDAX
Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Stuttgart
201800 Mär 02
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