DGAP-Adhoc: Balda AG: Preliminary results 2014 / 2015: Sales revenues at 85.4 million EUR. Further value adjustments at US subsidiaries impact earnings

01.09.2015

Balda AG / Key word(s): Preliminary Results/Final Results

01.09.2015 19:09

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by DGAP – a service of EQS Group AG.

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

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Bad Oeynhausen, 1 September 2015 – The Balda AG has submitted the

preliminary results for the business year 2014 / 2015. Accordingly, Balda

AG substantially exceeded its target sales figures and is thus beyond its

adjusted forecast again: Group sales revenues amounted to

85.4 million EUR following 70.5 million EUR in the same period during the

previous year, corresponding to a 21.1 % growth. This rise is attributable

to increased product sales (9.2 million EUR) and currency effects

(5.7 million EUR). The plant and tooling sales relevant for future growth

were at a similar level as the previous year, at 11 million EUR.

Before special items, the company generated earnings before interest,

taxes, depreciation and amortization (EBITDA) in the amount of about

6.4 million EUR (previous year: 4.0 million EUR) and generated an EBITDA

margin of about 7.7 % of the total performance. Taking into account

scheduled amortization and before special items, the operating result

(EBIT) was about 1.3 million EUR (previous year: -0.9 million EUR).

The operating result was once more impacted by special items that amounted

to about 13.5 million EUR in the business year 2014 / 2015 (previous year

about 3.8 million EUR). Due to the imminent termination of the cooperation

with the large-scale customer in the Eyewear sector, long-term assets in

the amount of 8.6 million had to be adjusted for value. Legal disputes with

former officers and the sellers in the US caused expenditure in the amount

of 2.4 million EUR. Further one-off items and items on a non-accrual basis

accounted for further expenditure of 2.5 million EUR on the balance sheet.

As a consequence of these special factors, Balda AG was not able to

generate the forecast positive annual result. After special items, the

EBITDA is at 1.5 million EUR after 1.9 million EUR in the previous year and

the overall group loss is -7.7 million EUR (previous year: earnings of

5.9 million EUR). This reflects the lower financial result, especially due

to the lower interest and currency results.

Sales revenues growth to approximately 90 million EUR is forecasted for the

current business year. It is surmised that currency exchange effects will

have no substantial impact. This growth will contribute to further

improving the operating result. A positive operating EBIT with an EBIT

margin in the single digit range is expected. Apart from the costs

associated with the imminent site clearance in the US at a budget of 1 to 2

million EUR, the cost of the court proceedings remains a relevant impact on

the group result that is difficult to predict.

The annual report 2014 / 2015 of Balda AG will be published on

28 September 2015 and can be downloaded on our Website:

www.balda-group.com/de.

Contact

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 780 people, is based on the deployment of leading-edge,

cost-effective technologies, coupled with the trust-based and close

collaboration with customers.

www.balda-group.com

01.09.2015 The DGAP Distribution Services include Regulatory Announcements,

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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: 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

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