DGAP-News: Balda AG: Balda with record results
08.02.2006
Balda AG / Key word(s): Final Results
08.02.2006 13:33
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Earnings before tax exceed forecast / qualitative growth in revenues
Balda AG, Bad Oeynhausen, again reached a record result with earnings
before tax of about 49 million Euros in the financial year 2005 (previous
year: 47.7 million Euros) and exceeded the own forecast of 47 million
Eu-ros by roughly 4.3 per cent. The specialist for precision components
made of high-performance plastics increased the sales by 5.1 per cent or
19,3 million Euros to 397 million Euros (previous year: 377,7 million
Euros).
‘The development of the sales in 2005 was substantially better than the
plus of 5 per cent expresses’ Joachim Gut, chairman of the management
board, stated. ‘Two mobile phone projects with a sales proportion of about
60 million Euros for bought-in electronic components were cancelled by the
customer. The Balda group more than compensated these forecasted sales with
new orders not containing external sales out of bought-in parts. Balda’s
value added in these orders was three to four times higher than in the
bought-in revenues. Our turn-over has grown qualitatively. Nominally we
slightly missed our forecast, but in fact we over-fulfilled the sales
target. This is also documented by the earnings before tax, which are
higher than the forecast’ Joachim Gut explained. These earnings before tax
already include not budgeted expenses for first-time project ramp-ups in
the new production plant in Hungary of about 3 million Euros.
Growth in the reporting year was mainly driven by the locations in China
and Malaysia. The European locations, on the other hand, recorded a decline
in sales. This was mainly due to the discontinuance of projects with a high
proportion of sales out of bought-in parts. Balda’s core market in 2005
once again was the Infocom sector with the production of parts and
components for mobile phones. ‘Last year we once again increased our global
leading position in technology with numerous innovations. Balda will
continue it’s globalization with the new factory near Beijing and the
production plant in India’, Joachim Gut added. The Balda group, active in
Europe, Asia and South America with 11 production sites, in 2005 occupied
8000 employees, 2400 of these in Germany. For the financial year 2006 Balda
expects a sales growth of about 15 per cent to between 450 and 460 million
Euros. The foreign production plants are expected to contribute about 65
per cent to the sales volume (previous year: 43 per cent). The earnings
before tax (EBT) should be in the range of 46 to 48 million Euros. Thus
the forecast for 2006 stays within the scope of the longterm forecast up to
2010, which was published in December. Joachim Gut is optimistic to open up
new growth potential with the planned technological diversification.
Any questions to: Balda AG, Cersten Hellmich and Kathrin Wiederrich
(Investor Relations), Tel: (05734)922-2706 / 2751, Fax: (05734) 922-2691,
Email: chellmich@balda.de, kwiederrich@balda.de, Internet: www.balda.de
08.02.2006 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
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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