ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
Balda AG preliminary results: Considerable earnings growth in 2009
• EBIT of 2.5 million euros (plus 3.1 million euros after minus 0.6 million
euros in previous year without TPK)
• Revenues: 139.0 million euros (previous year without TPK: 198.1 million
• Earnings before taxes (EBT) including the proceeds from the purchase and
the proportionate result of TPK of 45.3 million euros (previous year:
minus 26.5 million euros)
Bad Oeynhausen, 25 February 2010 – According to preliminary results, Balda AG,
listed in the Prime Standard of the Frankfurt Stock Exchange, achieved a
positive operating result (EBIT) in its continued operations in 2009 with 2.5
million euros (previous year without TPK: minus 0.6 million euros). Balda has
achieved a positive EBIT despite significantly lower revenues. This is the
result of the fast-working restructuring and cost cutting programme forcefully
put into effect in 2009.
The Group achieved revenues amounting to 139.0 million euros in 2009, a decline
of about 30 percent (previous year without TPK: 198.1 million euros). The weak
demand for low cost mobile telephones and thus less quantity being purchased by
Balda’s customers contributed towards the fall in revenues. The region of
Malaysia was particularly affected. The Group concentrates on the development
and production of electronic products in this region.
The earnings before tax (EBT) are significantly higher with 45.3 million euros
compared to minus 26.5 million euros last year. This position contains a
contribution of the earnings of associated companies in the amount of 50.9
million euros. The inflow derives from the proceeds of the purchase of the
financial holding in TPK and the earnings of TPK from the business year 2009.
Balda is publishing its annual report 2009 and final numbers on March 18, 2010.
On this day, the annual press conference is taking place as well.
end of ad-hoc-announcement
The Balda Group develops and produces complete plastic assemblies, electronic
products and products for the medical industry. The customers of Balda are
leaders in business from the mobile, entertainment and electronic communications
as well as pharmaceutical and medical technology markets.
The group has an international position with product sites in China, Malaysia,
India and Germany. A subsidiary in the United States serves North American
customers in product design and development. As part of a shareholding in a
leading manufacturer of touch screens in China, Balda participates in the
dynamic touch screen displays market.
* * *
This ad hoc 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 ad hoc 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.
Further inquiry note:
Tel.: +49 (0) 5734 922-2728
issuer: Balda AG
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2747
sector: Semiconductors & active components
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München