Triumph-Adler Cuts Forecast After Staff Try to Set Up Rival

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Triumph-Adler Cuts Forecast After Staff Try to Set Up Rival

By Eva von Schaper

Sept. 19 (Bloomberg) -- Triumph-Adler AG, a German maker of copiers and video projectors, cut its profit forecast after saying some of its employees attempted to set up a rival company and deliveries of a new product were delayed.

Full-year pretax profit will be 9 to 11 million euros ($12.8 to $15.6 million), down from a previous forecast of up to 20 million euros, the Nuremberg, Germany-based company said in a statement on OTS newswire today.

To contact the reporter on this story: Eva von Schaper in Munich at evonschaper@bloomberg.net.

9/19/087:42 AM

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