Balda AG / Key word(s): Miscellaneous
Balda AG announces:
– Annual balance sheet press conference on April 22, 2008
– Banks supporting next moves
Bad Oeynhausen, March 31, 2008. Balda today announced that the annual
balance sheet press conference for the completed 2007 fiscal year will be
taking place on April 22, 2008 in Frankfurt. The report on the first
quarter of 2008 will be published on May 7, 2008. A date for this year’s
annual general meeting will be announced shortly.
The restructuring of the repurchased Balda Solutions Group with the
European Infocom companies Balda Solutions Deutschland GmbH, Balda
Werkzeug- und Vorrichtungsbau GmbH, and Balda Solutions Hungaria Kft. is
currently in full flow. Parallel to this, talks are being held with
potential buyers on the sale of the companies and on the best-possible
manner to continue the respective business areas.
Balda fulfills all the conditions placed by the banks so as to avoid the
calling of their loans. The company now has the necessary flexibility in
terms of time to reorder its financing structure to take into account the
strategic and geographic orientation.
‘The repurchase of the European Infocom subsidiaries has delayed the work
on the annual financial statements. We can now announce a date for the
balance sheet press conference. Moreover, the restructuring measures are
being consistently continued and our ideas for the refinancing have met
with a broad consensus,’ said Dr. Dirk Eichelberger, the CFO of Balda AG.
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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.
* * *
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:
* * *
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.
31.03.2008 Dissemination of a Corporate News, transmitted by DGAP –
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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