EANS-News: TA Triumph-Adler AG / TA Triumph-Adler 2008: Market drop, extraordinary factors result in sales and earnings decrease

Accounting adjustments following full consolidation by Kyocera Mita
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Nürnberg (euro adhoc) - Nuremberg, 31 March 2009 - In its 2008 financial year TA
Triumph-Adler generated Group revenues of EUR358.1 million a decrease by 7.2 %
as compared with sales of EUR386.1 million in the previous year. Earnings before
tax reached EUR7.3 million following EUR9.3 million in the previous year, just
missing the targets as revised in September, 2008. Pre-tax return on sales
dropped from 2.4% to 2.0% partly due to extraordinary charges.

At EUR14.4 million, cash flow was once again significantly positive in the 2008
financial year. Cash flow of EUR16.1 million was achieved in the previous year.
Overall, the Group generated cash flow from operating activities of EUR20.3
million in 2008, compared with EUR6.0 million in 2007. The cash position rose
5.4% compared with the previous year's balance sheet date, when cash and cash
equivalents amounted to EUR27.4 million. The cash position amounted to EUR29.0
million on December 31, 2008.

Not to the least extent, this decline reflects the general market trend.
However, it is also partly caused by the exceptional events within the Group, in
particular due to the detection of criminal intrigues at TA Triumph-Adler
Norddeutschland. This is being explained in the Group Management Report
published today. In addition, the projected acquisition activities were
decelerated sharply in view of the overall business development.

Accounting adjustments, retirement of deferred taxes following takeover by
Kyocera-Mita

Previous year´s figures were adjusted. In the course of the takeover by Kyocera
Mita Corporation TA Triumph-Adler Group will be fully consolidated by its parent
company, which employs US GAAP accounting standards. Particularly in order to
minimize the expense related to the transition from IFRS to US GAAP, the
accounting treatment of certain leases was adjusted retrospectively in the IFRS
financial statements. As has been previously reported, the tax loss carry
forwards of TA Triumph-Adler AG and its subsidiaries are no longer tax
deductible also due to the takeover. The deferred tax assets based on those tax
loss carry forwards had to be written down in the amount of over EUR20 million.
This gives rise to an annual net loss before minority interests of EUR16.8
million. In the 2007 consolidated financial statements, a net profit for the
year of EUR37.9 million had been reported due to a write-up to deferred tax
assets.

Parent company strengthens equity ratio, still negative Group equity

Net income for the year of EUR3.6 million was generated at TA Triumph-Adler
Aktiengesellschaft, the Group parent company, which was transferred to the
revenue reserves. Equity rose correspondingly. It amounted to EUR97.4 million as
of December 31, 2008, 3.8 % higher than at the previous year's balance sheet
date. The equity ratio also increased, and amounted to 29.9 % as of December 31,
2008 (December 31, 2007: 29.6 %).

By contrast, equity within the overall Group is negative. The consolidated
equity of TA Triumph-Adler AG totaled minus EUR71.0 million as of December 31,
2008 following minus EUR53.5 million as of December 31, 2007. The matter is of a
purely accounting nature, and has no legal or liquidity consequences, or effects
that might jeopardize the company as a going concern. After the retirement of
deferred tax assets the accumulated loss rose from EUR142.6 million to EUR159.4
million.

Both non-current and current finance debt was repaid on schedule. Finance debt
still totaling EUR40.9 million (December 31, 2007: EUR47.4 million) includes
instruments relating to the new financing, including, in particular, the EUR17.5
million syndicated loan (December 31, 2007: EUR22.5 million), and two borrower's
note loans. We cut net debt (finance debt minus cash and cash equivalents) from
EUR19.9 million to EUR11.9 million.

Group does not relinquish its medium-term targets

TA Triumph-Adler is not issuing revenue and earnings forecasts for the 2009
financial year given the high degree of uncertainty relating to the economic
environment, and the potential to implement its plans. Even in the difficult
economic environment, the Group sticks to implementing the "Aufbruch 2010!"
program, strengthening sales, and improving gross margins at the regional
companies.

Jointly with Kyocera Mita the Group ventures to develop and implement a strategy
to establish the direct sales business model throughout Europe. In the current
financial year, however, management does not expect any significant effects from
related activities.

Anticipating a return to a stable business environment in 2010 TA Triumph-Adler
is aiming for Group revenue of EUR400 million to EUR440 million for 2010, with
an EBT margin of 5%. This target does not reflect potential effects arising from
a European strategy.

Group and parent company financial statements were made available to the public
on the www.triumph-adler.de website as well as on the www.deutsch-boerse.com
portal on March 31, 2009.

For further information please contact:
TA Triumph-Adler AG
Südwestpark 23
90449 Nuremberg
Germany
Dr. Joachim Fleing
Telefon: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200
ir@ta.ag
www.triumph-adler.de

Further inquiry note:
Sonja Blättchen

Telefon: +49 (0)911 6898-104

E-Mail: sonja.blaettchen@triumph-adler.net

end of announcement euro adhoc
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emitter: TA Triumph-Adler AG
Südwestpark 23
D-90449 Nürnberg
phone: +49(0)911 68 98-0
FAX: +49(0)911 68 98-204
mail: info@triumph-adler.net
WWW: http://www.triumph-adler.de
sector: Semiconductors & active components
ISIN: DE0007495004
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse Düsseldorf, Börse München
language: English

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