EANS-News: TA Triumph-Adler AG / Deceleration of sales decline at TA Triumph-Adler / Significant loss nevertheless anticipated for 2009 / New comprehensive program for cost adaptation and growth impulses in the preparatory stage

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Nürnberg (euro adhoc) - Nuremberg, October 30, 2009 - In the third quarter of
the 2009 financial year revenue at the TA Triumph-Adler Group was EUR1.9 million
below that of the weak second quarter. This reflects a significant deceleration
in the decline of sales, and shipments were 13% higher than in the previous
quarter. In its nine-month report published today, the company refers to the
continued weakness in the economic and market environment as the most important
reason for the decline in revenue. Revenue of EUR68.0 million was generated in
the third quarter of 2009, representing a 17% decline compared with the same
quarter of the previous year. In the first nine months of the 2009 financial
year Group revenue of EUR214.8 million was 21.7% lower than in the January to
September period of 2008.

A loss for the period of EUR8.7 million was incurred due to the weaker revenue
level, but also as a consequence of extraordinary expenses for the necessary
capacity adjustments, as well as arising from financing activity to the tune of
EUR2.6 million. A profit of EUR2.7 million was achieved in the prior-year
period.

The company is responding to the loss-making situation with a new comprehensive
program. The package of measures is intended to allow the business to operate
profitably again as rapidly as possible as a result of further cost savings,
also at the reduced sales level. At the same time, however, it is also aimed at
generating new growth impulses. A further intensification of qualification,
training, and motivation, as well as even more consistent management,
particularly within the sales area, will play a key role in this respect.
Further potentials have been identified in the area of developing new sales
approaches, as well as in the service area.

As of September 30, 2009, total consolidated assets amounted to EUR280.0
million, representing a EUR9.6 million reduction of the balance sheet total
compared with the level on December 31, 2008 (EUR292.4 million). The most
important reasons for the reduction in the balance sheet total are the decline
in cash and cash equivalents, as well as lease receivables that were
approximately EUR10 million lower.

As part of a revision of Group consolidation, corrections were required to be
applied to the financial statements for the financial years 2001, 2003 and 2005,
pursuant to IAS 8. These corrections amount to a total of around EUR2.5 million.
The prior-year figures have already been adjusted correspondingly to the
relevant balance sheet items in this set of interim financial statements. These
have no impact on either the current or previous year income statements.

Previously capitalized deferred tax assets relating to loss carryforwards within
the Group were de-recognized following Kyocera Mita's acquisition of a majority
stake in the company. As a consequence of this, the balance sheet loss rose to
minus EUR161.9 million as of December 31, 2008. The balance sheet loss increased
further to minus EUR170.6 million as of September 30, 2009 as a result of the
negative nine months earnings. Consolidated equity after deducting the minority
interest now amounts to minus EUR82.0 million, following minus EUR73.3 million
at the end of the last financial year. 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. The joint-stock corporation (AG -
Aktiengesellschaft), as the legally relevant parent company, reports an equity
ratio of around 30%.

In its interim report, however, the Management Board points out that the
continuation of unsatisfactory business trends may make it necessary to apply
adjustments to the carrying values of some subsidiaries 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 EUR10.5 million in the first nine
months of 2009 due to the decline in sales, and the resultant negative earnings
for the period, as well as due to the reduction of tax provisions. At EUR17.6
million, cash and cash equivalents as of September 30, 2009 were EUR11.4 million
lower than as of December 31, 2008.

Inventories were reduced by EUR5.4 million over the course of the quarter, but,
at EUR66.6 million, remain at a high level. Following the complete paying down
of the syndicated loan in April 2009, bank borrowings now amount to no more than
EUR2.7 million. Other current liabilities (mainly trade payables) were reduced
by EUR5.0 million during the course of the first nine months to presently
EUR84.2 million.

Since the business trend in the second half of the year has still not yet
stabilized, TA Triumph-Adler AG is no longer expecting that it will achieve
revenue of more than EUR300 million in 2009, and is assuming that it will
generate a significant loss on a full-year basis. The forecast for the next full
2010/2011 financial year will be published following the conclusion of the
planning phase, and in connection with the financial statements for the 2009
financial year.

Contact:
TA Triumph-Adler AG
Südwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Telephone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200
ir@ta.ag
www.triumph-adler.de

ISIN code of the bearer shares: DE0007495004,
admitted to official trading (Prime Standard) of the Frankfurt Securities
Exchange as well as at all regional German stock exchanges

Important notice:
This press release contains forward-looking statements that are based on
assumptions and estimates made by the management of TA Triumph-Adler AG.
Although the management of the company is of the view that these assumptions and
estimates are appropriate, future actual developments and future actual events
may diverge significantly from these assumptions and estimates due to various
factors. These factors may include, by way of example, changes in the
macroeconomic situation, exchange rates, interest rates, as well as changes in
both the market and the competitive environment as the result of technological
change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if
future developments, and results achieved in the future, do not accord with the
assumptions and estimates expressed in this press release.

Further inquiry note:
Sonja Blättchen

Telefon: +49 (0)911 6898-104

E-Mail: sonja.blaettchen@triumph-adler.net
Ende der Mitteilung euro adhoc
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issuer: 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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