Turbon AG

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Turbon AG
legal form Corporation
ISIN DE0007504508
founding 1962
Seat Hattingen , Germany
management Aldo DeLuca (USA),
Michael Pages
Number of employees 948 own, 20 temporary workers (2018)
sales 65 million euros (2018)
Branch Printer accessories
Website www.turbon.de
As of December 31, 2018

The Turbon AG is a listed provider of refilled toner cartridges for laser printers . Turbon collects used cartridges, recycles them in plants in Romania , Thailand and Mexico and sells them worldwide, with a focus on Europe and the USA. According to its own information, the company is one of the larger providers in a very competitive industry.

The multimedia agency Bright Parameters in Hattingen also belongs to the Turbon Group .

Brands

Turbon products are offered under various own and third-party brands . Which includes:

  • IBM : cartridges for HP laser printers
  • Evergreen , office technology supplier in the USA
  • Keymax : own brand
  • Premium / PrintMaster : own brand with a wide range

Locations

The listed holding company and the sales center for Europe are located at the headquarters in Hattingen . The US business is bundled in Turbon USA, Inc. in Pennsauken (New Jersey), with logistics locations in York (Pennsylvania) and San Diego (California).

The production is located in Calarasi (Romania), Bled (Slovenia), Bangpoo ( Samut Prakan , Thailand) and Mexico , as well as in Feldkirchen in Carinthia (Austria) because of low unit labor costs . The locations in California and Mexico were taken over in 2014 with the US competitor International Laser Group ; Slovenia and Austria were added in 2015 with the takeover of the Austrian partner company Embatex AG .

history

The company was founded in 1962 as Turbon International GmbH . The purpose was the manufacture and sale of " typing products of all kinds" as well as the trade in typewriters , calculating machines and accessories. With the advent of electronic data processing , the range was expanded to include corresponding office technology items.

Ribbons , especially for matrix printers, became the main product . Refilled ink cartridges , monochrome and finally different colored cartridges for laser printers were added later. The change in printing technologies repeatedly presented the company with the challenge of converting the business model and production to a new technology. Today laser cartridges are the only product mentioned. Around 80 percent of sales come from monochrome products and 20 percent (and rising) from color products (as of 2014 [obsolete] ).

In the boom year 2000 Turbon achieved record sales of around DM 300 million . By 2013, sales had halved to € 75 million due to competitive pressure, the loss of major customers and the abandonment of unprofitable products. Turbon always remained profitable, with EBIT margins between 1 and 9% (8% in 2013), and paid dividends regularly . The takeover of International Laser Group and another US company raised sales in 2014 to over € 100 million again. This meant that half of the business was in North America.

Listing and shareholders

Turbon has been listed on the stock exchange since 1991 and is now on the regulated market in Frankfurt .

After the IPO , the founder and CEO Klaus Turbon held 67.5% of the shares; the rest was in free float . At the end of the 1990s, the main shareholder sold approx. 26% of the company's shares to the printer and printing material manufacturer NCR , while the remaining family shares were transferred to the new CEO, Holger Brückmann-Turbon. In June 2014 Holger Brückmann-Turbon bought back the NCR shares and has held almost 75% of the shares since then. He financed the buyback with high special dividend payments, which drove the share price to new highs in a low interest rate environment. The difference to the original 67.5% can be explained by the company's share buybacks.

Corporate websites

Individual evidence

  1. ↑ a b Annual Report 2018. (pdf) In: turbon.de. Retrieved October 24, 2019 .
  2. ↑ a b Annual Report 2015
  3. ↑ Turbon Brands , www.turbon.de, accessed on May 19, 2014.
  4. ↑ Annual reports 2000 to 2015 of Turbon AG
  5. ^ Saling Aktienführer 1994, Verlag Hoppenstedt 1993.
  6. ^ Saling / Hoppenstedt Aktienführer 1996 and 1998
  7. ↑ NCR sale and HBT share increase on www.dgap.de, 17./12. June 2014, accessed June 17, 2014.

Coordinates: 51 ° 24 '15 "  N , 7 ° 10' 36"  E