Turbon AG Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; provides earnings guidance for the year 2012
For the period, the company reported sales of EUR 63,401,000 compared to EUR 59,625,000 a year ago. Earnings before interests and taxes were EUR 5,586,000 compared to EUR 5,321,000 a year ago. Result from ordinary operations was EUR 4,608,000 compared to EUR 4,251,000 a year ago. Result after income taxes was EUR 3,016,000 or EUR 0.92 per share compared to EUR 2,650,000 or EUR 0.80 per share a year ago. Cash flow from operating activities was EUR 1,887,000 compared to EUR 1,139,000 a year ago. Purchase of intangible assets was EUR 11,000 compared to EUR 22,000 a year ago. Purchase of tangible assets was EUR 349,000 compared to EUR 689,000 a year ago.
The company provided earnings guidance for the year 2012. For 2012, the company expects turnover of EUR 86.0 million. Earnings before taxes expect to be EUR 6.3 million.