Teleplan International N.V. / Final Results
21.04.2008
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? Teleplan with first net profit since 2002 amounting to EUR 3.6 million ? All product groups are profitable and all are cash generative except one ? Completed comprehensive long-term refinancing for future growth
Zoetermeer, The Netherlands, April 21st, 2008.
Today, the Management Board of Teleplan International N.V. (ISIN: NL0000229458, Prime Standard) is pleased to present their Annual Accounts 2007 to the press and to analysts and investors in Frankfurt/Main. 'We are proud to report that 2007 was an excellent year for Teleplan', Mark Twaalfhoven, CEO of Teleplan International N.V., commented the first year since 2002 showing a net profit for Teleplan and having all product groups profitable and all but one cash generative. Revenues for the financial year 2007 amounted to EUR 281.7 million compared to EUR 242.0 million in 2006, representing a 16% growth of FY 2007. On a constant USD/Euro exchange rate basis revenue growth would have been 20%. All three business segments, Computer, Communication and Consumer Electronics contributed to the growth with improved profitability. Accelerated revenue growth of 23% in the fourth quarter 2007 compared to Q4/2006 resulted in a revenue of EUR 77.2 million (Q4/2006: EUR 62.7 million).
As a result of improved operating efficiency, and the contribution from new customer programs, earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to EUR 22.1 million, representing an EBITDA margin of 7.8%, versus EUR 5.2 million in 2006, which included 7.8 million restructuring cost. Operating income (EBIT) for 2007 was 16.8 million Euro, resulting in an EBIT margin of 6.0%, a substantial improvement over the EBIT loss of -2.3 million Euro reported in 2006. Each of the three segments and the underlying nine product groups have shown substantial EBIT improvement. Net income as reported was positive again for the first time since 2002 with EUR 3.6 million in 2007, after EUR -8.1 million the year before. Net income per share therefore jumped to EUR 0.06 in 2007 compared with EUR -0.21 the year before.
Cash generated from operations amounted to EUR 12.4 million versus EUR 7.3 million in 2006. Excluding a payment made in 2007 of EUR 6.2 million in connection with a restructuring case fully provided for in the previous year, cash generated from operations would have been EUR 18.6 million representing a substantial improvement over 2006.
Total equity increased from EUR 12.2 million in 2006 to EUR 25.3 million in 2007 mainly due to the issuance of EUR 6.0 million shares and the conversion of EUR 7.4 million convertible bonds into shares. The foreign currency translation impact in 2007 resulted in a decrease to equity of EUR 3.8 million, mainly due to the US Dollar exchange rate variance in 2007. Total equity as a percentage of the balance sheet total more than doubled to 16.9% in 2007 versus 8.2% in 2006.
The prospects in the markets in which the Company operates remain strong. Efficiency improvements and cost reductions will continue to have management's focus in 2008 and are expected to contribute to sustainable earnings growth.
The complete and audited 2007 Group annual accounts of Teleplan International N.V. will be explained in detail at today's annual accounts press conference and the analyst's conference in Frankfurt/Main.
For additional information please contact:
Teleplan International N.V. Gotthard Haug Phone: + 31 -79 -330 44 55 Chief Financial Officer Fax: + 31 -79 -330 44 66 E-Mail: investor_relations@teleplan.com NL-2712 PN Zoetermeer URL: www.teleplan.com 21.04.2008 Financial News transmitted by DGAP
Language: English Issuer: Teleplan International N.V. Werner von Siemensstraat 17 2712 PN Zoetermeer Niederlande Phone: +31 79 330 44 55 Fax: +31 79 330 44 66 E-mail: investor_relations@teleplan.com Internet: www.teleplan.com ISIN: NL0000229458 WKN: 916980 ----------- Nichts auf der Welt ist so gerecht verteilt wie der Verstand. Denn jedermann ist überzeugt, dass er genug davon habe. (René Descartes, frz. Mathematiker u. Philosoph, 1596-1650) |