DGAP-Adhoc: Balda AG: Main eyewear customer will start to produce themselves by mid-2016


Balda AG / Key word(s): Miscellaneous

12.06.2015 19:47

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted

by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.


Bad Oeynhausen, 12. June 2015 – Balda AGs main customer in the eyewear

sector has informed the company today that due to an internal strategic

decision they will be manufacturing their products by themselves in the

future, which are now in substantial parts being produced by Balda’s US

company Balda C. Brewer, Inc. During the transformation process higher

sales revenues are expected initially, however these will largely come to

an end starting mid-2016. Regarding the annual financial statement as of

30.06.2015 Balda is expecting an impairment of intangible assets in the

context of the acquisition of Balda C. Brewer, Inc. as well as one time

expenses due to the restructuring process. The exact amount of the value

adjustment and the consequences on the consolidated net income of the

current financial year 2014 / 2015 as well as the subsequent years are

under review.

The share of this customer on sales revenues amounts to appox. 10 %. The

decrease in sales revenues will primarily come into effect beginning of the

financial year 2016 / 2017 and will slow down the growth of the group.


Michael Pfister

Deekeling Arndt Advisors

Phone: +49 (0) 5734 922 2555

Mobile: +49 (0) 160 90560506

Mail: michael.pfister@deekeling-arndt.de

About Balda

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 800 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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Language: English

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

E-mail: ir@balda-group.com

Internet: www.balda-group.com

ISIN: DE0005215107

WKN: 521510

Listed: Regulated Market in Frankfurt (Prime Standard); Regulated

Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,

Munich, Stuttgart

End of Announcement DGAP News-Service