Teleplan International N.V. / Quarter Results/Forecast
20.05.2010 06:44
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P RP R E S S R E L E A S E
E S S R E L E A S E
ProProfitability continues growth path in the first quarter 2010
fitability continues growth path in the first quarter 2010
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- Net income increase of 82.4 %
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- Equity ratio at 39% after 34.8 % at year end 2009
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- Guidance for 2010: Revenue range between 295 million euro and 300
million euro; corresponding EBIT margin range between 9.5% and 10.0%
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SchSchiphol/Amsterdam, the Netherlands, 20 May 2010iphol/Amsterdam, the
Netherlands, 20 May 2010 - Teleplan International N.V. (SDAX, ISIN:
NL0000229458), the leading global provider of high-tech after-market
services for the Computer, Communications and Consumer Electronics
industries announced today it's first quarter 2010 results reporting the
fifth consecutive quarter showing strong profitability.
Teleplan revenues amounted to 70.3 million euro in the period under review
(Q1/2009: 74.6 million euro) representing a decrease of 5.7%. This decrease
is driven by lower sales in the primary market during the holiday season.
In addition, the change in a business model combined with improved device
reliability from one of our customers in the Consumer Electronics segment
represented a 3.1 million euro revenue decline. At the same time EBITDA
increased by 2.8% to 8.1 million euro (Q1/2009: 7.8 million euro) and EBIT
improved by 5.1% to 7.0 million euro (Q1/2009: 6.6 million euro).The
financial charges are significantly lower as a result of the full repayment
of the mezzanine loan in 2009. Therefore, net income for the first three
months of 2010 jumped by 82.4% to 5.1 million euro (Q1/2009: 2.8 million
euro). Consequently earnings per share increased to 0.08 euro (Q1/2009:
0.05 euro).
PerPerformance of the 3Cs differs
formance of the 3Cs differs
Revenue in the Computer segment decreased by 5.4% to 31.6 million euro in
the first quarter 2010 compared to 33.4 million euro last year, due to the
sale of the Hamburg site at the end of 2009 and portfolio optimization.
Continued improvements to the operating performance in the Computer segment
more than compensated for the revenue decline, causing the segment's EBITDA
to jump by 75.5% in the first quarter 2010 from 2.4 million euro in the
first quarter 2009 to 4.2 million euro. EBIT increased from 1.8 million
euro to 3.7 million euro in the period under review.
The Communications segment has continued to grow, from 22.1 million euro in
the first quarter last year to 22.7 million euro for the first quarter
2010. The segment has seen robust growth in the Network business, expected
to continue into 2010 as Teleplan invests in expanding this segment. The
segment's result was masked by investment expenditure for the radio base
station area and some price pressure. EBITDA was 1.8 million euro in the
first quarter 2010 compared to 2.8 million euro for the same period last
year. EBIT was 1.5 million euro after 2.5 million euro for the first
quarter 2009.
Revenue in the Consumer Electronics segment decreased by 16.3% to 16.0
million euro during the first quarter 2010, compared to 19.1 million euro
for the same period last year. This decline in reported revenue was caused
by a slow-down in repair volumes in the gaming business. Other business
continued to grow but does not yet compensate for the fall in volumes
elsewhere in the segment. As a consequence EBITDA fell by 21.4% to 2.1
million euro in the first quarter 2010 compared to 2.7 million euro for the
same period last year and EBIT was 1.8 million euro in the period under
review compared to 2.4 million euro one year earlier.
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AnaAnalysis of cash flow and balance sheet positions
lysis of cash flow and balance sheet positions
In the period under review, cash generated from operations was 1.2 million
euro compared to 5.2 million euro for the first three months 2009. This
result followed an 6.8 million euro increase in net working capital during
the first quarter 2010 (Q1/2009: 3.0 million euro).
Total equity increased to 59.7 million euro at 31 March 2010 (31 December
2009: 50.8 milion euro) reflecting the quarter's net income and currency
translations on foreign operations. The equity ratio improved by 4.2
percentage points to 39.0% at 31 March 2010 compared to to year-end 2009.
GuiGuidance 2010
dance 2010
'Taking the 2010 business year as a whole, we have placed our clear focus
to start working on a long-term profitable and sustainable growth path',
commented Gotthard Haug, CEO of Teleplan, on the primary goal for the
business year 2010. The first half year of 2010 will not yet show this
growth, as the new and innovative service programs are getting under way.
'We expect a single digit revenue increase in a revenue range between 295
million euro and 300 million euro (FY 2009: 287.2 million euro) and a
corresponding EBIT margin range between 9.5% and 10.0% (FY 2009: 10.0%).
Bringing the company onto a growth path requires investments in working
capital and keeps the EBIT margin at similar levels as in 2009', comments
Gotthard Haug on the the guidance for 2010.
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At At a glance: Teleplan's key figures (IFRS)
a glance: Teleplan's key figures (IFRS)
|[![CDATA[|[pre|]]]|]
million Euro Q1/Q1/ Q1 Q1/2010/ +/-+/- in %*
20092009 2010 in %*
RevRevenueenue 74.6 70.70.33 - 5.7%
EBIEBITDATDA 7.8 8.18.1 + 2.8%
EBIEBITT 6.6 7.07.0 + 5.1%
NetNet income income 2.8 5.15.1 + 82.4%
EPSEPS 0.05 0.00.088 + 80.3%
NetNet debt (31 March) debt 42.8 17.17.11 - 60.1%
(31 March)
EmpEmployees (31 March)loyees 5.820 5.65.60606 - 3.7%
(31 March)
EquEquity Ratio in %ity Ratio 23.3 39.39.00 + 15.7 points
in %
|[![CDATA[|[/pre|]]]|]
* the percentage change is calculated based on amounts in thousands of euro
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ForFor Further Information:
Further Information:
Teleplan International N.V.
Monika Collée
Manager Communications & Investor Relations
TelTel.: + 31 85 273-3681 .: + 31 85 273-3681
Email: monika.collee@teleplan.com
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TelTeleplan International N.V.eplan International N.V. Teleplan
International N.V. is one of the top suppliers of high-tech after-market
services and provides total lifecycle care solutions for the world of
Computers, Communications and Consumer Electronics ('3Cs'). The lifecycle
care concept ranges from simple repairs to the most sophisticated
technological and electronic solutions. Headquartered in
Amsterdam/Schiphol, the Netherlands, Teleplan currently operates from 18
sites in Europe, North America, Asia and Australia with approximately 5,600
employees.
For further information please visit: wwwwww.teleplan.com.teleplan.com.
.
Monika Collée +31 85 273 3681
20.05.2010 06:44 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Teleplan International N.V.
Werner von Siemensstraat 17
2712 PN Zoetermeer
Niederlande
Phone: +31 79 330 44 55
Fax: +31 79 330 44 66
E-mail: investor_relations@teleplan.com
Internet: www.teleplan.com
ISIN: NL0000229458
WKN: 916980
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
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