TA Triumph-Adler AG
TA Triumph-Adler AG english
Nine months result 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Nine months result 2003
Nuremberg/Munich, 11/13/03: TA Triumph-Adler has announced the result of the
first three quarters of fiscal year 2003. Considerable changes in the scope of
consolidation due to the completion of the divestment program impact
significantly the figures of the first nine months 2003.
As of the 09/30/03, the Group had posted consolidated sales amounting to EUR
369.9 m (previous year: EUR 465.4 m). The companies of former division TA
Beteiligung, which were sold in June 2003, contributed EUR 74,2 m sales
(previous year: EUR 169,1 m). The Group’s operating result – EBITDA – declined
from EUR 28.4 m in the previous year to EUR 14.9 m. This figure includes the
result from TA Beteiligung division, which contributed EUR -0.2 m. In the same
period of the previous year, TA Beteiligung contributed EUR 10.0 m to this
result.
In the course of the third quarter in connection with the sale and final
termination of all non-core business activities (TA Beteiligung), it was
necessary to provide for doubtful account receivables and other risk against
former group companies.Third quarter result was impacted by an extraordinary
charge of EUR -8.3 m – nine months result was negatively impacted through the
final termination of TA Beteiligung activities by EUR -1.2 m.
Due to these one-off effects in the reporting period, the group result before
goodwill amortization and deferred taxes was EUR -16.3 m (previous year: EUR –
12.6 m). The consolidated net loss for the year was reduced from EUR -13.5 m in
the previous year to EUR -10.9 m.
The two core business segments made different contributions to the nine months
result:
In Imaging, sales increased from EUR 224.4 m in the previous year to EUR 228.3
m. Operating result improved to EUR 28.1 m from EUR 26.3 m previous year.
In Presentation and Media Technology, sales were lower at EUR 67.4 m, compared
to EUR 71.9 m in the previous year. Operating result turned negative to EUR -0.8
m from EUR 3.6 m. Sales problems due to the weak economy and the greater
marketing and restructuring costs were the cause of this development.
Considering the charges from the termination of TA Beteiligung activities the
central division result amounted to EUR -12,2 m compared to EUR – 11.5 m in the
previous year.
end of ad-hoc-announcement (c)DGAP 13.11.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
As of 09/30/03, consolidated total assets were reduced to EUR 441.5 m, compared
to EUR 583.1 m on 12/31/02. Net bank debt was cut by EUR 84.4 m to EUR 91.1 m.
As of September 30, 2003 TA Triumph-Adler employed 1.855 people (previous year:
3.660).
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, Implerstrasse 11, D-81371 Munich, Germany
presse@triumph-adler.de, http://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.
Triumph-Adler Experts at Output distributes and services output solution
products (sales in FY 2002: EUR 408 m). This comprises the segments Imaging
(products for copying, printing, and faxing) as well as Presentation and Media
Technology (products for professional presentation).
Triumph-Adler Experts at Output is in the segment Imaging market leader in
Germany. The segment Presentation and Media Technology has reached a market
leading position in Europe. The target is to extend this strong market position
Europe-wide by organic growth and acquisitions.
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.
——————————————————————————–
WKN: 749500; ISIN: DE0007495004; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
132103 Nov 03
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found