EANS-Adhoc: TA Triumph-Adler AG
Accounting mistakes at one subsidiary of TA
Triumph-Adler AG entails restating of group results
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
05.05.2010
Nuremberg, May 5, 2010 - Mistakes were made at TA Triumph-Adler Corporate Consulting GmbH, Bonn, a subsidiary of TA Triumph-Adler AG, in stating earnings for the financial years since 2007, according to the current state of knowledge. This will require the restating of group results according to IAS 8. Preliminary inquiries show that group earnings since 2007 were overstated by a total of around EUR3 million.
In connection with these findings and effective immediately, TA Triumph-Adler Corporate Consulting GmbH dismissed one of its managing directors. Mr. Robert Feldmeier, CEO of TA Triumph-Adler AG, has been appointed as managing director for the time being.
Contact: TA Triumph-Adler AG Suedwestpark 23 D - 90449 Nuremberg Dr. Joachim Fleing Phone: +49 / 911 / 68 98 - 499 Fax: +49 / 911 / 68 98 - 200 ir@ta.ag www.triumph-adler.com
Bearer shares ISIN: DE0007495004, admitted to official trading (Prime Standard) on the Frankfurt stock exchange and on all German regional 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. Even if 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 both within the market and in 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.
end of announcement euro adhoc
Further inquiry note:
Sonja Blättchen
Telefon: +49 (0)911 6898-104
E-Mail: sonja.blaettchen@triumph-adler.net
Branche: Semiconductors & active components
ISIN: DE0007495004
WKN: 749500
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade