DGAP-Adhoc: Balda AG preliminary results: Revenues increase by around 11 percent in 2008
12.02.2009
Balda AG / Key word(s): Preliminary Results
12.02.2009 08:39
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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– Revenues at 238.0 million euros (previous year: 215.3 million euros)
– Positive EBIT of 1.4 million euros
Bad Oeynhausen, February 12, 2009 – According to preliminary results, Balda
AG, listed in the Prime Standard of the Frankfurt Stock Exchange, achieved
revenues amounting to 238.0 million euros (previous year: 215.3 million
euros) in its continued operations in 2008. That is an increase of 22.7
million euros or 10.5 percent. In comparison to Q4 2007, revenues in the
infocom business jumped by around 10 percent in Q4 2008.
Taking into account special effects, impairment write-offs and allowances
for accounts receivable, which burdened the result, the Balda Group
recorded an operating result (EBIT) amounting to 1.4 million euros
(previous year: 13.5 million euros) in its continued operations in the
fiscal year 2008. In contrast to 2008 the previous year was characterized
by positive special effects.
At closing date 2008 Balda Medical, being up for sale, Balda
Grundstücksvermietungs GmbH & Co. KG and the Brazilian production sites
have been assigned to the discontinued operations. Touch screen producer
TPK, held as a financial asset since October 2008, is only shown as income
from investments in Q4 2008. This pro rata income contribution was positive
for Q4 2008. TPK revenues amounted to 127.3 million euros in Q4 2008 alone.
Including the discontinued business divisions the Balda Group is expecting
negative earnings before taxes (EBT) for the fiscal year 2008. As of
September 30, 2008 EBT amounted to minus 15.1 million euros.
Balda is publishing its annual report 2008 and final numbers on March 25,
2009. On this day the annual press conference is taking place as well.
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Information and Explaination of the Issuer to this News:
Company profile Balda AG
The Balda Group develops and produces highly integrated devices comprising
plastic and electronic components, primarily for the telecommunications
sector. In addition, the company manufactures high-tech components such as
headphones and hands-free sets.
The future is derived from past experience. Balda has developed an active
culture of continuous transformation through the traditions established
within the hundred years of its existence. Since its founding, innovation
and technology have been the significant driving forces of progress and the
guarantors of corporate success. Today, Balda is an internationally
positioned high-tech company with innovative products and a high
performance capacity.
Balda AG, which is registered in the Prime Standard on the German Stock
Exchange, services international brand-name clients in the mobile
telecommunications sector, medical technology and other similar markets.
The Group produces close to its customers’ locations in the expanding
growth markets. With four production facilities, the Group has a strong
position in China and Malaysia. Plants in Brazil and India, as well as the
facility in Germany for Balda Medical, underline the Group’s international
focus. Within the framework of a shareholding in a leading producer of
touch screens in China, Balda is participating in the dynamic development
in the touch-sensitive display sector.
The vision was and is clear: Balda will strengthen its technological
innovations potential and further expand in the promising growth regions of
Asia. Balda will thus achieve the conditions for profitable growth and a
sustainable increase in added value.
* * *
This ad-hoc-announcement includes ‘forward-looking statements’ which are
based on the current expectations of the management of Balda. They are
subject to risks and uncertainty because they relate to events and depend
on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This ad-hoc-announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities
Act.
If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 69 710456450. Email: croehl@balda.de, Internet:
www.balda.de
12.02.2009 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
E-mail: info@Balda.de
Internet: www.balda.de
ISIN: DE0005215107
WKN: 521510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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