Turbon AG Reports Consolidated Preliminary Earnings Results for the Full Year of 2011; Provides Earnings Guidance for 2012
March 16, 2012 at 02:43 pm EDT
Turbon AG reported consolidated preliminary earnings results for the full year of 2011. For the year, the company reported sales of EUR 80.7 million compared to EUR 75.7 million a year ago. EBIT was EUR 6.5 million compared to EUR 4.8 million a year ago, and the result from ordinary operations was EUR 5.5 million compared to EUR 3.9 million a year ago. After deduction of income taxes, the group net income in 2011 was EUR 3.4 million compared to EUR 2.2 million a year ago.
The company expecting consolidated sales between EUR 86 and EUR 90 million for the financial year 2012. By achieving consolidated sales at the lower end of the mentioned range the company expect the same consolidated profit before taxes as in 2011; any additional sales should then allow an improvement in consolidated profit before taxes.