Balda AG / Key word(s): Final Results/Change of Personnel
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.
Deekeling Arndt Advisors
Phone: +49 (0) 69 97098 511
28.08.2014 The DGAP Distribution Services include Regulatory Announcements,
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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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service