The Recycler
  • G&G Web banner May 2024
  • Biuromax Masthead web banner March 2024
  • Katun web banner December 2022 NEW

Turbon Printing profitable again

August 27, 2021

The Turbon Group half yearly figures show a return to profitability despite the pandemic-related adverse effects on operating business.

The company reports that losses in the printing segment have not only stopped, but are profitable again, even if this development is only partially reflected in the figures for the first half of the year, the company explained.

In the Turbon Electric segment, the company continued on its course of profitable growth.

The consolidated turnover of the first half of 2021 amounted to €22.8 million ($26.8 million) (previous year period: €21.5 million ($25.28 million)). Earnings before taxes (EBT) in the first half of the year were €2.3 million ($2.7 million) (same period last year: -€0.9 million (-$1.06 million)).

The sales of the US companies acquired in the second half of June are not included in the sales of the first half of the year. Sales will be recorded in the Printing segment from July 2021. If the acquisition of shares of Turbon International Inc. had taken place at the beginning of the financial year, sales from the US companies in the first half of the year would have added €3.2 million ($3.76 million) to overall sales.

In the business segment Turbon Printing revenues reported were €13.8 million ($16.23 million) (previous year: €14.9 million ($17.52 million)) and thus 60.6% of total sales (previous year: 69.3%). The company explained that the decline in sales is in essence has two causes.

Firstly, continued COVID restrictions and continued home office working resulted in lower demands for toner cartridges. Secondly, the restructuring of the company with sale of its shares in the Turbon Products AG (now renamed GO Supplies AG), Hünenberg, Switzerland, sales now take place through its subsidiaries Embatex GmbH and Turbon Products Iberia SL. Large quantity purchases are now served directly from the factory, Turbon Romania.

Its subsidiary in Dubai, Interactive Printer Solutions FZCO, Dubai, United Arab Emirates, sales increased by around 17% over the same period last year.

Turbon also reported that the dispute with the British supervisory authority “The Pensions Regulator” and the “trustee” of the pensions scheme of our subsidiary Keytec (GB) Limited was settled by concluding an agreement.

Categories : City News

Tags : Business Financials Sales Turbon

  • Apex Web Banner April 2024
  • Static Control June 2022 Big & Bold Ad
  • TN Core May 2024 Web advert
  • Mito Web advert July 2023
  • Ink Tank Web ad May 2024
  • G&G Big & Bold Web banner January 2024
  • Biuromax March 2024 Banner
  • IR Italiana Web ad January 2021
  • GM Technology Web Ad March 2024
  • Cartridge Web Banner May 2024
  • CET Web ad December 2023
  • Altkin Web ad March 2024
  • PCL May 2024 web banner
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • ITP Web ad January 2021
  • CET Web ad December 2023
  • PCL May 2024 web banner
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • Altkin Web ad March 2024
  • Zhono Web ad March 2024
  • CET Web ad December 2023
  • Altkin Web ad March 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • PCL May 2024 web banner

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021