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Nürnberg/Grünwald (ots Ad hoc-Service) -
Focusing on core division successful positive performance
*Sales increase of 22 percent for the Group, in the Experts @
Output core division a rise in sales of 47 percent
*TA own brand label beats targets
*Group operating profitability raised by 47 percent
*Optimistic forecast for the year as a whole
Nuremberg/Gruenwald: the Triumph-Adler Group's positive
performance continued in the third quarter of 2000. This was due in
particular to the accelerated expansion of the Triumph-Adler Experts
@ Output core division. Group sales rose by 22 percent overall from
Euro 393.7 million in the previous year to Euro 480.4 million. Group
EBITDA from operations (i.e. without the gain on divestments from
shareholdings increased by more than 47 percent from Euro 24.6
million in the previous year to Euro 36.2 million. The Triumph-Adler
Experts @ Output division generated an increase in sales from the
previous year's level of Euro 188.7 million to Euro 278.8 million.
This 47 percent growth in sales documents the continued successful
expansion of market leadership in the Group's core division, driven
ahead primarily through the UTAX company (printing and copying
systems), acquired at the end of 1999, and PPE (presentation
technology). The division's EBITDA has increased to Euro 23.5 million
from the previous year's level of Euro 19.5 million.
The TA Beteiligung division also developed positively. At Euro
201.6 million, an almost constant level of sales was posted compared
to the previous year's Euro 205 million, even though the former
subsidiary Zapf Creation AG is no longer included in sales figures.
The EBITDA was increased by Euro 7.6 million to Euro 12.7 million.
We are also expecting the favorable performance of the Group to
continue in the fourth quarter 2000. As already reported in August
2000, the group posted a charge against earnings in tax expenses of
Euro 22.2 million, due to the decrease in corporation tax rate, a
direct result of new company tax laws. This charge against earnings
has no effect on liquid funds. In light of this the Group's current
quarterly report includes for the first time a forecast for the year
as a whole: For 2000 as a whole, sales of approximately Euro 700
million are expected on an operational EBITDA for the divisions of
Euro 75 million. With gains on divestments included, and after
central division costs, the EBITDA will amount to around Euro 110
million, which yields results before goodwill amortization and
deferred taxes of approximately Euro 45 million or Euro 1.38 per
share. Taking into consideration goodwill amortization and deferred
taxes, the expected result is balanced consolidated earnings.
Further details can be obtained from:
TA Triumph-Adler AG Petra Pfaffenbach TA TriumphAdler AG Phone:
089/641902-33 Fax: 089/641902-91 firstname.lastname@example.org
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