Turbon AG / Quarter Results 23.05.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Turbon AG Earnings Growth in Q1 2008 Sales and earnings of the Turbon Group in Q1 2008 were as planned. Q1 sales amounting to 27.0 million Euro were lower than in the previous year (33.6 million Euro) but were in line with our expectations. Our expansive cost measures start to pay off and result in earnings growth. Earnings before interest and taxes (EBIT) were 1.5 million Euro (previous year 1.3 million Euro), income from ordinary operations was 1.1 million Euro (previous year 0.8 million Euro) and consolidated net income was 0.9 million Euro after 0.7 million Euro in 2007. Earnings per share calculated based on the average number of shares outstanding were 0.25 Euro (previous year 0.18 Euro). Despite the continuing price pressure we still expect sales of 100.0 million Euro for 2008 as a whole. We cope with the price pressure with further cost cuts and therefore are optimistic to achieve positive earnings figures in the coming quarters as well as our target of a significant earnings growth compared to 2007. The complete interim report for the first three months in 2008 is available from May 26, 2008 at Turbon AG, Sekretariat, Ruhrdeich 10, 45525 Hattingen or at our website www.turbon.de. Hattingen, May 23, 2008 Turbon AG DGAP 23.05.2008 --------------------------------------------------------------------------- Language: English Issuer: Turbon AG Ruhrdeich 10 45525 Hattingen Deutschland Phone: +49 (0)2324 - 504-0 Fax: +49 (0)2324 - 504-156 E-mail: info@turbon.de Internet: www.turbon.de ISIN: DE0007504508 WKN: 750450 Listed: Regulierter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Turbon AG: Earnings Growth in Q1 2008
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