DGAP-News

Balda AG: Stable growth during first nine months of 2013 / 2014

DGAP-News: Balda AG / Key word(s): 9-month figures/Quarter Results
Balda AG: Stable growth during first nine months of 2013 / 2014

14.05.2014 / 07:32

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* Consolidated revenue of EUR 51.0 million after first three quarters
* EBITDA of EUR 1.3 million
* EUR 10.4 million of consolidated net income after tax
* FY 2013 / 2014 forecast confirmed: consolidated revenue between EUR 70
million and EUR 80 million and positive net result (excluding extraordinary
items)
* Operating cash flow risen significantly to EUR 6.8 million after previous
year's EUR -0.6 million

Bad Oeynhausen, 14 May 2014 - In the third quarter the operating
development of Balda AG has been slightly below expectations due to lesser
customer demand. Nevertheless, the company earned a total of EUR 51.0
million in revenues after EUR 39.6 million in the year prior.

"The financial year 2013 / 2014 is a year of transition for Balda AG, in
which our central focus lies on the complete integration of our US
companies. This process has by now been almost fully completed and we can
now extensively use our value chain, expand our distribution activities,
and farther utilize our potential - across the globe. As an integrated
provider of plastics solutions with the focus on healthcare, eyewear,
automotive, and other markets, we will profit significantly from changes in
society as well as technology" states Oliver Oechsle, Chief Operating
Officer of Balda AG.

"We still remain on our defined growth track, even though customer demand
has put our revenue of EUR 51.0 million slightly below expectations. On the
other side we are pleased with the development of our operative cash flow,
which has risen considerably to EUR 6.8 million after EUR -0.6 million in
the previous year." elaborates Dr. Dieter Brenken, Chief Financial Officer
of Balda AG.


Key sales and earnings figures of the Balda Group for the first nine months
of financial year 2013 / 2014

The company has remained on its growth track between July 2013 and March
2014. Due to a lesser seasonal customer demand, however, the operational
development is slightly below expectations. In the third quarter of 2013 /
2014 consolidated earnings stood at EUR 16.1 million, after the quarters
the total earnings amounted to EUR 51.0 million (year prior: EUR 39.6
million). This rise is attributable to the complete consolidation of the
US-acquisitions at the end of 2012. Balda generated a profit before
interest, tax, depreciation and amortization (EBITDA) from its continuing