Ad-hoc | 19 May 2004 08:33

Turbon AG – First quarter in line with budget

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Turbon AG – First quarter in line with budget Consolidated sales in the first three months were Euro 34.0 million compared to Euro 35.7 million in the previous year. Taking local currencies as the basis, i.e. after adjustment to take account of exchange rate effects in the course of the consolidation of our group sales, of which 54.2 percent were achieved by subsidiaries in the US, Great Britain and Thailand, there was a slight increase in sales by Euro 0.3 million. This was due to the continuing positive developments in the area of non-impact products. In terms of local currencies, growth in non-impact sales of 4.7 percent was achieved. This growth in sales is due to laser cartridges as the main product. Laser cartridge sales increased from Euro 19.0 million to Euro 19.8 million, i.e. rose by 4.2 percent. In terms of local currencies, growth in sales was considerably higher with 9.9 percent. The market-related decline in sales of impact products from Euro 9.1 million in the previous year to Euro 7.8 million was in line with our expectations. Overall, sales were broken down as follows: 74.4 percent or Euro 25.3 million on non-impact products (same period of 2003: 71.3 percent), 22.9 percent or Euro 7.8 million on impact products (same period of 2003: 25.5 percent) and 2.7 percent or Euro 0.9 million (same period of 2003: 3.2 percent) on other products. The earnings figures for the first quarter were also in line with the budget. Earnings before interest and taxes (EBIT) in the first three months of 2004 were Euro 2.1 million compared to Euro 2.2 million in the previous year. Income from ordinary operations was around Euro 1.9 million after Euro 2.0 million in the previous year. Consolidated net income was around Euro 1.4 million after Euro 1.4 million in the previous year. Earnings per share decreased slightly to Euro 0.38 compared to Euro 0.40 in the first three months of 2003. Based on the present figures for the first quarter, we are keeping to the 2004 budget figures already published (consolidated sales of Euro 130.0 to 135.0 million and consolidated net income of Euro 3.5 to 4.0 million). The full Interim Report for the first three months of 2004 can be requested from Turbon AG (Secretariat, Ruhrdeich 10, 45525 Hattingen). You will also find the report on our website at http://www.turbon.de . Hattingen, May 19, 2004 Turbon AG end of ad-hoc-announcement (c)DGAP 19.05.2004 ——————————————————————————– WKN: 750450; ISIN: DE0007504508; Index: Listed: Geregelter Markt in Düsseldorf und Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Hamburg und Stuttgart 190833 Mai 04