The company suffers weaker sales as services struggle and margins shrink further.
Turbon AG has cut its full-year forecast after reporting a first-half loss, with weaker results in its electronics and services divisions offsetting modest gains elsewhere.
The Hattingen-based printer services and consumables company posted group revenues of €26.4 million ($29.2 million) in the six months to June, down from €27.7 million ($30.6 million) a year earlier. Pre-tax profit slipped from €1.1 million ($1.28 million) to a loss of €0.3 million ($0.35 million), while net income swung to a deficit of €0.6 million ($0.7 million).
The company blamed “very difficult market conditions” in its Electrics/Electronics unit, which was hit by declining demand in Germany’s struggling economy and new tariffs on exports to the US. Turbon dissolved a key electronics manufacturing partnership in August after strategic differences, further weighing on sentiment.
Its services segment, focused on printers and managed print contracts, also weakened. Sales dropped to €3.6 million ($4 million) from €4.3 million ($5.01 million), and earnings fell into the red. German customers were reluctant to sign new contracts, while a major US client delayed the roll-out of large-format printers.
By contrast, the consumables arm, centred in Dubai, showed resilience, securing returning customers and expanding its capacity. The unit reported €8.3 million ($9.2 million) in revenues, down slightly on currency effects but delivering stable profits.
Turbon now expects annual revenues of just above €51 million ($56.5 million), down from an earlier target of €58 million– €61 million ($67 million- $71 million).
