DGAP-Adhoc: Balda AG: Preliminary 2013 / 2014 results and forecast – Interim-stage concluded, personnel changes to the Management Board


Balda AG / Key word(s): Final Results/Change of Personnel

28.08.2014 10:26

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, 28 August 2014 – Balda AG presents its preliminary results

for the 2013 / 2014 financial year. Accordingly, the company has reached

the objectives that it had set for itself, achieving the lower end of its

targeted range: consolidated revenue stood at EUR 70.5 million, compared

with EUR 59.9 million in the prior-year period, reflecting a 17.7 % growth.

This increase is predominately attributable to the full consolidation for

the first time of the US companies acquired in 2012.

The company generated earnings before interest, tax, depreciation and

amortisation (EBITDA) of around EUR 4.0 million before extraordinary items,

and as forecasted an EBITDA margin of around 5.6 %. Earnings before

interest and tax (EBIT) stood at around EUR -4.6 million (previous year:

EUR -12.6 million). For the current financial year of 2014 / 2015 Balda

aims at an increase to revenues of EUR 73 to 78 million, provided that

currencies will not develop adversely. Further a positive EBIT is expected

with a low one-digit EBIT-margin.

In addition, the Supervisory Board has taken decisions about the company’s

future management, and ended the interim management arrangement. The

appointment of Oliver Oechsle as a Management Board member was extended for

a two-year period. Dr. Dieter Brenken, who has been Chief Financial Officer

to date, is to leave the company at the end of October. The interim manager

was appointed for this period to oversee the company’s transformation

process. Dr. Brenken has made a significant contribution to the

reorientation of Balda’s international activities and commercial

management. The Supervisory Board regrets his departure, thanks Dr. Brenken

for their successful collaboration, and wishes him all the best for the

future, both professionally and personally.

The 2013 / 2014 annual report of Balda AG will be published on

10 October 2014, when it will be available for downloading from the

company’s website at www.balda-group.com/de.


Daniela Münster

Deekeling Arndt Advisors

Phone: +49 (0) 69 97098 511

Mail: daniela.muenster@deekeling-arndt.de

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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: 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