Balda AG / Key word(s): Results Forecast/Forecast
Balda expects 2008 pre-tax profits (EBT) of 35 million US$ (approx. 24
– Group revenues are to be at 600 million US$ (approx. 414 million euros)
– Asia with operating profits before interest and tax (EBIT) of 11
million US$ (approx. 8 million euros) in Q4 2007
Bad Oeynhausen, February 7, 2008. Balda expects to see group pre-tax
profits (EBT) in 2008 of 35 million US$ or, based on the budget’s
underlying exchange rate of 1.45 US$ per euro, of approx. 24 million euros.
Group revenues are to be at 600 million US$ or approx. 414 million euros,
respectively. ‘As was the case in 2007, revenues and earnings in 2008 will
probably be borne along by the second half of the year,’ said Joachim Gut,
the Chairman of the Managing Board of Balda AG. ‘If there is a change in
the prices for delivered parts, in the components used, or in currency
exchange rates, revenues may fluctuate without there being any effect on
the volumes or the EBT. This is something we already experienced last
year.’ In the fourth quarter of 2007 Balda Asia attained operating profits
before interest and tax (EBIT) of about 11 million US$ or, based on the
average exchange rate in 2007 of 1.39 US$ per euro, of approx. 8 million
euros. The work on the annual financial statements is still ongoing.
Detailed figures for 2007 will be presented at the balance sheet press
conference scheduled for March 19, 2008.
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Company profile Balda AG
The internationally operating Balda Group develops and produces highly
integrated devices comprising plastic, metal and electronic components as
well as 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 touch screen 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. Plants in Brazil and in Malaysia, as well as the
facility in Germany for Balda Medical, underline the global competitiveness
of the group of companies.
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If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 5734 922 2691, Mail: email@example.com, Internet:
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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.
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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