EANS-News: Due to recession decline in revenue continues at TA Triumph-Adler, net loss in the second quarter of 2009

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Nürnberg (euro adhoc) - Nuremberg, July 30, 2009 - Mainly due to the unfavorable
overall economic conditions TA Triumph-Adler AG reports a drop in consolidated
revenue for the first half of the 2009 financial year in its interim report
published today. Sales revenue of EUR69.9 million in the second quarter came in
9% lower than in the first quarter of 2009. From April through June 2008 the
company yielded a turnover amounting to EUR97.4. In the first half of the
current financial year consolidated revenue of EUR146.8 million was 23.6% lower
than in the comparable period of 2008.

The marked decline in revenue but also the extraordinary expenses of almost EUR2
million for the measures to adjust to economic trends, and for the repayment of
the syndicated loan in the first half of 2009 gave rise to a net loss for the
period of EUR5.0 million. In the comparable period of the previous year a net
profit of EUR6.4 million had been attained.

In the course of the second quarter the company fully redeemed the syndicated
loan entered into in 2007. The funds required for this were sourced from a
shareholder loan provided by Kyocera Mita. Subsequently, finance debt of EUR42.9
million was EUR1.9 million higher than as of the balance sheet date. Bank
borrowings included in this figure nevertheless now amount to only EUR1.6
million.

As of June 30, 2009, total consolidated assets amounted to EUR304.3 million, a
EUR9.6 million extension of the balance sheet total compared with the level on
December 31, 2008 (EUR294.7 million). The most important reason is the further
rise in inventories. At EUR72.0 million they were EUR14.9 million higher than
the previous year's balance sheet date due to the weaker than anticipated trend
in revenue, and because the ordering cycles established with the main supplier
Kyocera Mita are relatively long.

Correspondingly, other short-term liabilities (mostly trade liabilities) were
EUR14.8 million higher at EUR104.0 million.

Following Kyocera Mita's acquisition of a majority stake in the company, TA
Triumph-Adler de-recognized deferred tax assets relating to loss carryforwards
within the Group. As a consequence of this, the consolidated balance sheet loss
rose to minus EUR159.4 million as of December 31, 2008. The balance sheet loss
rose further to minus EUR164.4 million as of June 30, 2009 as a result of the
negative quarterly earnings. Consolidated equity after deducting the minority
interest now amounts to minus EUR76.0 million, following minus EUR71.0 million
at the end of the last financial year. This is a mere accounting issue and has
no legal or financial consequences. The legally relevant parent company TA
Triumph-Adler AG has an equity ratio of 30%.

As is being pointed out by the Board of Management in the interim report, the
continuation of unsatisfactory business trends could nevertheless require that
the carrying values of some of the subsidiaries be written down in the parent
company balance sheet at the end of the year. This might result in significant
losses in the parent company's single-entity financial statements, and to a
corresponding reduction of equity.

The Group registered a negative cash flow of EUR6.4 million in the first half of
2009 due to the decline in sales, and the resultant negative quarterly earnings,
as well as due to the reduction of tax provisions. Cash and cash equivalents of
EUR24.0 million as of June 30, 2009 were EUR5 million lower than as of December
31, 2008.
TA Triumph-Adler AG has refrained from giving a detailed forecast for the
current financial year. Management, however, confirms its aim to achieve
breakeven at the operating profit level on a full-year basis, insofar as the
business will stabilize in the course of the second half of the year.

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: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English

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