Balda AG / Key word(s): Change in Forecast
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Bad Oeynhausen, April 16, 2015 – Following the preliminary analyses of the
figures, Balda AG is expecting slightly negative EBIT after the first nine
months of the 2014 / 2015 fiscal year. This is due to one-time special
effects substantially resulting from the already communicated disputes with
the former owners and managers of Balda’s US companies. Based on today’s
figures and the prognoses for the rest of the financial year, Balda AG will
presumably not fulfil its forecast of positive EBIT in the year-end
results. However, the sales development remains positive: In the first
three quarters of 2014 / 2015, Balda generated approx. 61.9 million Euros;
the company is now expecting slightly higher corporate sales revenues of
approx. 80 to 82 million Euros for the fiscal year instead of the 73 to 78
million Euros forecasted so far.
Balda AG will publish the final figures and the third quarterly report on
May 12, 2015; the report will be available on Balda’s website under
Deekeling Arndt Advisors
Phone: +49 (0) 5734 922 2555
Mobile: +49 (0) 160 90560506
Balda (ISIN: DE0005215107) is a provider of first-class solutions in
plastics for demanding, high-quality applications in the fields of
healthcare, lifestyle, automotive and consumer electronics industries.
Balda has operating divisions in Europe and America and maintains
state-of-the-art production facilities at its headquarter in Bad
Oeynhausen, Germany as well as in the USA. The success of Balda, which
employs around 780 people, is based on the deployment of leading-edge,
cost-effective technologies, coupled with the trust-based and close
collaboration with customers.
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Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
End of Announcement DGAP News-Service