DGAP-News: Balda AG / Key word(s): Quarter Results
Balda AG reports significant growth during Q1 2014 / 2015
12.11.2014 / 07:59
– Consolidated revenue at EUR 20.7 million during first three months of
– EBIT positive at EUR 0.4 million
– Consolidated net profit of EUR 3.0 million in Q1
– CEO Oliver Oechsle: “Efficiency measures taking effect”
– Greater demand for complete solutions
– Forecast for 2014 / 2015 financial year confirmed
Bad Oeynhausen, 12 November 2014 – Balda AG generated EUR 20.7 million of
consolidated sales revenue in the first three months of its 2014 / 2015
financial year, compared with EUR 17.5 million in the equivalent period.
This growth can be regarded as the success of having strengthened sales
activities, and is primarily attributable to a higher level of articles
sales in the Europe segment.
“The first quarter shows that Balda is on the right path, and that last
year’s efficiency measures combined with bolstered sales activities are
taking effect, so that we are reporting organic growth. We are particularly
pleased that we are seeing growing demand for complete product solutions.
What matters now is to make the most of these dynamics and continue to grow
systematically,” is how Oliver Oechsle, CEO at Balda AG, comments on
business trends during the first three months of 2014 / 2015.
Key revenue and earnings figures for the Balda Group in Q1 2014 / 2015
Consolidated revenue was up by 18.3 % to EUR 20.7 million in the July to
September 2014 period. This growth is attributable to above-average
deliveries to customers in the Europe segment, and a related increase in
articles sales. First-quarter business trends exceeded expectations as a
consequence. Balda generated EUR 1.5 million of profit before interest,
tax, depreciation and amortization (EBITDA) (previous year: EUR 1.1
million). At the operating level, the Group achieved EUR 0.4 million of
earnings before interest and taxes (EBIT), compared with an EBIT loss of
EUR 0.3 million in the prior-year period. The EBIT margin amounted to 1.8 %
in the first quarter of 2014 / 2015 as a consequence.
After taxes, the Balda Group reports net income of EUR 3.0 million. This
result falls short of the previous year’s EUR 7.3 million, and is primarily
attributable to a lower net financial result as a consequence of Balda
Investments Singapore having converted its functional currency from US
dollars to euros at the end of last financial year.
Operating segments performance
In its America segment, the Balda Group generated EUR 10.9 million of sales
revenue in the period under review, compared with EUR 10.6 million in the
previous year. Segment EBITDA of EUR 0.7 million was nevertheless
significantly ahead of the previous year’s EUR 0.5 million, a further
indication that the Group’s efficiency measures are taking effect.
The Europe segment registered marked growth of 42.0 % during the first
quarter 2014 / 2015. The segment generated EUR 9.8 million of sales
revenue, compared with EUR 6.9 million in the prior-year period. This very
high expansion rate reflects higher article sales as a consequence of above
average deliveries to customers in the medical business. Segment EBITDA
stood at EUR 0.9 million after the first three months (previous year: EUR
0.8 million). The previous year was positive affected by EUR 0.4 million
In the Other segment, general holding company costs resulted in a slight
EBITDA loss of EUR 0.1 million (previous-year period: EUR -0.2 million).
The Balda AG Management Board has confirmed its forecast for the current
2014 / 2015 financial year: insofar as macroeconomic conditions do not
worsen significantly, and no other unforeseen negative events of
considerable impact for the Balda Group occur, the company is assuming that
its consolidated sales revenue will be recorded between EUR 73 million and
EUR 78 million. The Management Board is also aiming for a positive result
before interest and taxes (EBIT) and an EBIT margin in the low single-digit
For more information, please refer to the “Outlook” section in our annual
report for the 2013 / 2014 financial year.
Further and more detailed information can be found on the website of Balda
The latest quarterly report for Q1 2014 / 2015 can be downloaded from the
investor relations area of Balda’s website.
Deekeling Arndt Advisors
Phone: +49 (0) 5734 922 2555
Mobile: +49 (0) 160 90560506
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.
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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,
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