DGAP-News: Balda AG: Balda shareholders support expansion


Balda AG / Key word(s): AGM/EGM

09.08.2007 16:45


– Asia for first time stronger than Europe

– Touch technology will drive growth

– 1 billion Euro target for 2010

– 100 years of innovation and technology

Bad Oeynhausen / Bielefeld; 9 August 2007 – The Balda Managing Board has

gained strong approval of its path of expansion which has opened up new

growth markets and innovative technologies for the almost 100-year-old

company. ‘Balda has developed into a globally operating high-technology

group. Innovation and technology are the key driving forces, as they were

100 years ago,’ stated Joachim Gut, Chairman of the Managing Board of Balda

AG. ‘Change is part of our tradition,’ Gut continued.

In the first half of 2007 Balda was, for the first time, in Asia stronger

than in Europe. Touch technology, which has been part of the Group since

last year, will be increasingly leading the company’s growth. A group

turnover of 1 billion euros is the aim for 2010. The Managing Board and the

Supervisory Board convinced shareholders of the company’s strategic

realignment in the context of the Annual General Meeting (AGM) on 9 August

2007. Resolutions for all items on the agenda submitted to the meeting by

the Managing Board, in agreement with the Supervisory Board, were passed by

the shareholders, with a large majority. The Managing Board’s strategy for

the expansion of the company’s presence in Asia and for investing in

growth technologies, together with the streamlining of activities in

Europe, met with broad approval among share-holders and gives Balda Group a

clear direction pointing into the future.

With over 60 percent of the company’s turnover coming from Asia from

January to June 2007, a clear paradigm shift in the firm’s direction can be

seen for the first half-year 2007. This strategic positioning sets the

groundbreaking trend for the current financial year. Joachim Gut explained

to the shareholders that Balda would be consistent in continuing to follow

the path successfully adopted. ‘Balda is today no longer a regional

manufacturer of plastic components. That is the past. We have developed

Balda into a supplier of complex and integrated system solutions. This is

where the future lies,’ said Gut.

Company profile Balda AG

The internationally operating Balda develops and produces highly integrated

devices comprising plastic, metal and electronic components, among other

things for touch sensors. Among the customers of the SDAX listed company

are international brand-names from the mobile telephony industry, medical

technology and various related markets.

The integration of plastic and touchscreen technologies creates completely

new customer benefits. Only Balda currently offers both technologies from

one source on a global scale. The group has a strong position in the

important growth markets China and India and owns four production

facilities in the region. With manufacturing facilities in Germany, Brazil,

Hungary and in the important growth markets China and India as well as in

Malaysia Balda is excellent positioned.

* * *

This press 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 press 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.

Enquiries: Balda AG, Clas Röhl and Kathrin Wiederrich, Tel. (05734) 922 –

2728 / 2751, Fax: (05734) 922 – 2691, E-Mail: croehl@balda.de,

kwiederrich@balda.de, Internet: www.balda.de

09.08.2007 Dissemination of a Corporate News, transmitted by DGAP –

a company of EquityStory AG.

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

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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