DGAP-News: Teleplan International N.V. / Key word(s): Interim
Report/Interim Report
Teleplan International N.V.: Stable year-on-year revenue development
in the first quarter 2011
05.05.2011 / 07:10
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P R E S S R E L E A S E
Stable year-on-year revenue development in the first quarter 2011
- Takeover transaction costs and arrangement fees impact first quarter
2011 results
Schiphol/Amsterdam, the Netherlands, 5 May 2011 - Teleplan International
N.V. (ISIN: NL0000229458), the leading global provider of high-tech
after-market services for the Computer, Communications and Consumer
Electronics industries announced today its first quarter 2011 results.
Teleplan revenues amounted to 69.8 million euro in the first three months
2011 (Q1/2010: 70.3 million euro) representing a decrease of 0.7%. EBITDA
fell by 38.7% from 8.1 million euro to 4.9 million euro in the first
quarter 2011. EBIT decreased from 7.0 million euro in the first quarter
2010 to 3.7 million euro in the quarter under review mainly driven by a
lower gross margin of 58.4% (Q1/2010: 62.4%). As a consequence of the
public takeover by AMS Acquisition B.V. (Gilde) being settled in March
2011, earnings before tax (EBT) and net income were impacted negatively.
Ongoing loan servicing costs, substantial transaction costs and arrangement
fees have been partly incurred in the first quarter of 2011. Net loss for
the first three months 2011 was 0.6 million euro. Consequently, earnings
per share were negative with minus 0.01 euro (Q1/2010: 0.08 euro).
Stable top-line performance in the 3Cs
Revenues in the 3C-segments came in quite stable although the profitability
in the segments was impacted by higher material costs and a degree of price
erosion. Revenue in the Computer segment came in with 31.6 million euro
compared to 30.3 million euro in the first quarter of 2010. The
Communications segment revenue was 23.9 million euro (Q1/2010: 22.7 million
euro). Revenue in the Consumer Electronics segment decreased by 0.4 million
euro to 15.6 million euro in the period under review.
Lower equity ratio reflects public takeover by Gilde
In the first quarter of 2011 cash generated from operations amounted to 5.6
million euro, up from 1.2 million euro for the same period 2010. Net cash
from operations after financial expenses and income taxes for the quarter
was 6.1 million euro compared with a negative 0.5 million euro for the same
period in 2010.
Total equity decreased by 60.2 million euro to 11.9 million euro at 31
March 2011 compared to 72 million euro end of 2010. The decrease mainly
reflects the distribution of 56.3 million euro to Teleplan shareholders in
March 2011, the negative result for the first quarter 2011 and currency
translations on foreign operations. The equity ratio decreased to 8%
compared to 44.7% at 31 December 2010.
At a glance: Teleplan's key figures (IFRS)
|[![CDATA[|[pre|]]]|]
million euro Q1/2010 Q1/2011 +/- in %
Revenue 70.3 69.8 - 0.7
EBITDA 8.1 4.9 - 38.7
EBIT 7.0 3.7 - 46.6
Net income 5.1 - 0.6 - 111.6
EPS 0.08 - 0.01 - 112.5
Number of Employees at period-end 5,606 5,605 n/a
|[![CDATA[|[/pre|]]]|]
For Further Information:
Teleplan International N.V.
Monika Collée
Corporate Director Communications & Investor Relations
Tel.: + 31 85 273-3681
Email: monika.collee@teleplan.com
Teleplan 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 22 sites in Europe, North America, Asia and Australia with
approximately 5,600 employees.
For further information please visit: www.teleplan.com.
.
End of Corporate News
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Language: English
Company: Teleplan International N.V.
Schiphol Boulevard 201
1118 BG Schiphol
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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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123052 05.05.2011
DGAP-News: Teleplan International N.V.: Stable year-on-year revenue development in the first quarter 2011
| Source: EQS Group AG