DGAP-News: Teleplan International N.V.: Profitability continues growth path in the first quarter 2010
(firmenpresse) - Teleplan International N.V. / Final Results/Dividend
21.04.2010 07:01
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P R E S S R E L E A S E
Profitability continues growth path in the first quarter 2010
- Audited full year 2009 figures confirm EBITDA growth of 55 %,
EBIT growth of 69 % and net income growth of 162 %
- Proposal of dividend payment of 0.06 euro to the shareholders' meeting
Schiphol/Amsterdam, The Netherlands, 21 April 2010 - Teleplan International
N.V. (SDAX, ISIN: NL0000229458), the leading global provider of high-tech
after-market services for the Computer, Communications and Consumer
Electronics industries announced today its audited results for 2009,
reporting its highest net profit in the history of the company.
Teleplan revenues amounted to 287.2 million euro in the year under review
(previous year: 304.4 million euro) representing a decrease of 5.7 %. At
the same time EBITDA increased by 55 % to 33.8 million euro, EBIT rose by
69 % to 28.9 million euro and net income by 162 % to 17.5 million euro,
slightly higher than the reported 17.4 million euro preliminary net income.
Consequently earnings per share increased to 0.29 euro (previous year: 0.11
euro).
Improved profitability in all three segments
Revenue in the Computer segment decreased by 7.3 % to 131.0 million euro in
the financial year 2009 compared to 141.3 million euro last year due to
site and portfolio optimization. The Communications segment continued to
grow due to increased volumes with operators and original equipment
manufacturers. Revenue grew from 78.8 million euro last year to 87.8
million euro in the financial year 2009. A special customer service project
in the U.S. for mobiles supported the already strong development in the
fourth quarter 2009. Revenue in the Consumer Electronics segment decreased
by 18.9 % to 68.4 million euro during the financial year 2009, compared to
84.3 million euro last year. This development was caused by the
discontinuation of a low-margin logistics service program. Despite the
revenue decrease in two segments the earnings components in all three
segments improved significantly due to continued improvements to the
operating performance, the Company's efficiency efforts and implemented
cost savings.
Analysis of cash flow and balance sheet positions
In 2009, cash generated from operations amounted to 40.1 million euro, up
from 22.7 million euro one year earlier. In addition to the improved
profitability of the business, a strong focus on working capital management
contributed to this improvement. Net cash from operations after financial
expenses and income taxes paid was 31.2 million euro compared with 14.0
million euro in 2008. In 2009 the Company made 27.3 million euro of bank
loan repayments including 25.2 million euro of voluntary repayments which
resulted in the full repayment of the expensive Mezzanine facility before
the end of 2009. Teleplan has significantly improved financial ratios and
cash generation for 2009.
Total equity increased to 50.8 million euro at 31 December 2009 compared
with 31.8 million euro at 31 December 2008. The net income of 17.5 million
euro was reflected in this increase. The equity ratio increased by 13.3
percentage points to 34.8 % at 31 December 2009.
Based on the very solid and profitable business performance in 2009, the
Management Board together with the Supervisory Board will propose to the
Annual General Meeting on 20 May 2010 to pay out for the first time a
dividend of 0.06 euro per share for the 2009 fiscal year. The 3.6 million
euro dividend will be paid out from the 17.5 million euro in net income.
The remaining 13.9 million euro will be carried forward.
Outlook 2010
The enhanced financial strength has put Teleplan in a position to realize a
primary goal of growth going forward. Several growth initiatives are
already in place and will be reflected in a growing top line from the
second half of the business year 2010 onwards. 'After a year of strict cost
control and efficiency improvements in 2009, our Company is now ready and
prepared to grow again which is expected to be visible with a certain time
lag in the latter part of the year', commented Gotthard Haug, CEO of
Teleplan, on the business year 2010. 'Therefore, the first quarter 2010
will not yet show revenue growth but at the same time we will be able to
present another consecutive quarter of very profitable results,' continues
Gotthard Haug.
At a glance: Teleplan's key figures (IFRS)
million euro 2009 2008 +/- in %For Further Information:
Revenue 287.2 304.4 - 5.7 %
EBITDA 33.8 21.8 + 55 %
EBIT 28.9 17.1 + 69 %
Net Income 17.5 6.7 + 162 %
EPS 0.29 0.11 + 162 %
Cash and Cash 16.7 15.8 + 5.7 %
Equivalents
Net Debt 15.6 43.4 - 64 %
Balance Sheet Total 146.0 147.7 - 1.1 %
Total Equity 50.8 31.8 + 60 %
Equity Ratio in % 34.8 21.5 + 13.3 % points
Average Number of 5,712 6,243 - 8.5 %
Employees
Teleplan International N.V.
Monika Collée
Manager Communications&Investor Relations
Tel.: + 31 85 273-3681
Email: monika.collee(at)teleplan.com
Teleplan International N.V. Teleplan International N.V. is one of the top
suppliers of high-tech after-market services and provides total lifecycle
care solutions for the world of Computers, Communications and Consumer
Electronics (3Cs). The lifecycle care concept ranges from simple repairs to
the most sophisticated technological and electronic solutions.
Headquartered in Amsterdam/Schiphol, The Netherlands, Teleplan currently
operates from 18 sites in Europe, North America, Asia and Australia with
approximately 5,700 employees.
For further information please visit: www.teleplan.com.
.
21.04.2010 07:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: 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(at)teleplan.com
Internet: www.teleplan.com
ISIN: NL0000229458
WKN: 916980
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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