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Balda AG: preliminary 2013 / 2014 results and forecast - Interim-stage concluded, personnel changes to Management Board
DGAP-News: Balda AG / Key word(s): Final Results/Change of Personnel
Balda AG: preliminary 2013 / 2014 results and forecast - Interim-stage
concluded, personnel changes to Management Board
28.08.2014 / 10:30
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- Revenue of EUR 70.5 million within targeted range
- EBITDA margin of around 5.6 % and EBITDA of around EUR 4.0 million before
extraordinary items also according to expectations
- Group consolidation and transformation largely concluded
- Supervisory Board meeting confirms Oliver Oechsle as Management Board
member for two more years
- Service contract of Dr. Dieter Brenken ends as planned
Bad Oeynhausen, 27 August 2014 - Balda AG presents the preliminary results
for the 2013 / 2014 financial year. Accordingly, the company has reached
the objectives that it had set for itself, achieving the lower end of its
targeted range: consolidated revenue stood at EUR 70.5 million, compared
with EUR 59.9 million in the prior-year period, reflecting a 17.7 % growth.
This increase is predominately attributable to the full consolidation for
the first time of the US companies acquired in 2012.
The company generated earnings before interest, tax, depreciation and
amortization (EBITDA) of around EUR 4.0 million before extraordinary items,
and an EBITDA margin of around 5.6 % as forecasted. After taking into
account depreciation, amortization and extraordinary items, earnings before
interest and tax (EBIT) stood at around EUR -4.6 million. For the current
financial year of 2014 / 2015 Balda aims at an increase to revenues of EUR
73 to 78 million, provided that currencies will not develop adversely.
Further a positive EBIT is expected with a low one-digit EBIT-margin.
"We restructured the whole Group last year, and fully integrated our US
sites. We are very content because Balda AG is now perceived on the market
as a comprehensive plastics specialist. Our results also show that we are
on the right track,", is how Oliver Oechsle, Management Board member of
Balda AG, comments on developments during the past financial year, before
adding: "We have prepared ourselves for the future, and our clear objective
is to grow internationally now. Our high level of cash reserves also gives
us the financial strength to realize a large acquisition."
In addition, the Supervisory Board has taken decisions about the company's
future management, and ended the interim management arrangement. The
appointment of Oliver Oechsle as a Management Board member was extended for
- Revenue of EUR 70.5 million within targeted range
- EBITDA margin of around 5.6 % and EBITDA of around EUR 4.0 million before
extraordinary items also according to expectations
- Group consolidation and transformation largely concluded
- Supervisory Board meeting confirms Oliver Oechsle as Management Board
member for two more years
- Service contract of Dr. Dieter Brenken ends as planned
Bad Oeynhausen, 27 August 2014 - Balda AG presents the preliminary results
for the 2013 / 2014 financial year. Accordingly, the company has reached
the objectives that it had set for itself, achieving the lower end of its
targeted range: consolidated revenue stood at EUR 70.5 million, compared
with EUR 59.9 million in the prior-year period, reflecting a 17.7 % growth.
This increase is predominately attributable to the full consolidation for
the first time of the US companies acquired in 2012.
The company generated earnings before interest, tax, depreciation and
amortization (EBITDA) of around EUR 4.0 million before extraordinary items,
and an EBITDA margin of around 5.6 % as forecasted. After taking into
account depreciation, amortization and extraordinary items, earnings before
interest and tax (EBIT) stood at around EUR -4.6 million. For the current
financial year of 2014 / 2015 Balda aims at an increase to revenues of EUR
73 to 78 million, provided that currencies will not develop adversely.
Further a positive EBIT is expected with a low one-digit EBIT-margin.
"We restructured the whole Group last year, and fully integrated our US
sites. We are very content because Balda AG is now perceived on the market
as a comprehensive plastics specialist. Our results also show that we are
on the right track,", is how Oliver Oechsle, Management Board member of
Balda AG, comments on developments during the past financial year, before
adding: "We have prepared ourselves for the future, and our clear objective
is to grow internationally now. Our high level of cash reserves also gives
us the financial strength to realize a large acquisition."
In addition, the Supervisory Board has taken decisions about the company's
future management, and ended the interim management arrangement. The
appointment of Oliver Oechsle as a Management Board member was extended for
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