DGAP-Adhoc: Balda announces substantially improved operating earnings for 2012/2013 – Special dividend of EUR 1.50 per share proposed

11.12.2013

Balda AG / Key word(s): Final Results

11.12.2013 18:53

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

by DGAP – a company of EQS Group AG.

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

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Bad Oeynhausen, 11 December 2013 – The Balda Group posted consolidated

sales of EUR 59.9 million from continuing operations in the 2012/2013

financial year ended 30 June 2013. This figure includes the sales of the US

companies Balda C. Brewer and Balda HK Plastics, which were consolidated

from 1 January 2013. In the 2012 short financial year (1 January to 30 June

2012), consolidated sales had amounted to EUR 11.7 million. Adjusted for

extraordinary items, earnings before interest, taxes, depreciation and

amortization (EBITDA) improved by EUR 6.7 million over the 2012 short

financial year (EUR -2.6 million) to EUR 4.1 million; consolidated EBITDA

including extraordinary items totaled EUR 4.9 million. The Group’s

comprehensive income was EUR 13.5 million (2012 short financial year: EUR

250.7 million).

Since the sale of the shares in TPK Holding generated substantial cash

funds for the Balda Group, the Management Board and the Supervisory Board

will propose to the General Meeting on 28 January 2014 to pay a special

dividend of EUR 1.50 per share for the 2012/2013 financial year. This would

correspond to a dividend payment of EUR 88.3 million.

Assuming that macroeconomic conditions do not deteriorate significantly and

barring any other unforeseeable adverse effects that have a material impact

on the Balda Group, the Management Board aims to achieve, based on the

current portfolio, i.e. without further possible acquisitions, consolidated

sales of EUR 70 million to EUR 80 million and a single-digit EBITDA margin

(based on sales) in the 2013/2014 financial year. Consolidated earnings

before taxes are also expected to be positive on the basis of positive

EBITDA.

Contact:

Michael Pfister

Deekeling Arndt Advisors

Tel: +49 (0) 5734 922 2555

Mail: michael.pfister@deekeling-arndt.de

11.12.2013 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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