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    DGAP-Adhoc  521  0 Kommentare Balda AG: Preliminary results 2014 / 2015: Sales revenues at 85.4 million EUR. Further value adjustments at US subsidiaries impact earnings


    Balda AG / Key word(s): Preliminary Results/Final Results

    01.09.2015 19:09

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    Bad Oeynhausen, 1 September 2015 - The Balda AG has submitted the
    preliminary results for the business year 2014 / 2015. Accordingly, Balda
    AG substantially exceeded its target sales figures and is thus beyond its
    adjusted forecast again: Group sales revenues amounted to
    85.4 million EUR following 70.5 million EUR in the same period during the
    previous year, corresponding to a 21.1 % growth. This rise is attributable
    to increased product sales (9.2 million EUR) and currency effects
    (5.7 million EUR). The plant and tooling sales relevant for future growth
    were at a similar level as the previous year, at 11 million EUR.

    Before special items, the company generated earnings before interest,
    taxes, depreciation and amortization (EBITDA) in the amount of about
    6.4 million EUR (previous year: 4.0 million EUR) and generated an EBITDA
    margin of about 7.7 % of the total performance. Taking into account
    scheduled amortization and before special items, the operating result
    (EBIT) was about 1.3 million EUR (previous year: -0.9 million EUR).

    The operating result was once more impacted by special items that amounted
    to about 13.5 million EUR in the business year 2014 / 2015 (previous year
    about 3.8 million EUR). Due to the imminent termination of the cooperation
    with the large-scale customer in the Eyewear sector, long-term assets in
    the amount of 8.6 million had to be adjusted for value. Legal disputes with
    former officers and the sellers in the US caused expenditure in the amount
    of 2.4 million EUR. Further one-off items and items on a non-accrual basis
    accounted for further expenditure of 2.5 million EUR on the balance sheet.

    As a consequence of these special factors, Balda AG was not able to
    generate the forecast positive annual result. After special items, the
    EBITDA is at 1.5 million EUR after 1.9 million EUR in the previous year and
    the overall group loss is -7.7 million EUR (previous year: earnings of
    5.9 million EUR). This reflects the lower financial result, especially due
    to the lower interest and currency results.

    Sales revenues growth to approximately 90 million EUR is forecasted for the
    current business year. It is surmised that currency exchange effects will
    have no substantial impact. This growth will contribute to further
    improving the operating result. A positive operating EBIT with an EBIT
    margin in the single digit range is expected. Apart from the costs
    associated with the imminent site clearance in the US at a budget of 1 to 2
    million EUR, the cost of the court proceedings remains a relevant impact on
    the group result that is difficult to predict.

    The annual report 2014 / 2015 of Balda AG will be published on
    28 September 2015 and can be downloaded on our Website:
    www.balda-group.com/de.

    Contact
    Michael Pfister
    Deekeling Arndt Advisors
    Phone: +49 (0) 5734 922 2555
    Mobile: +49 (0) 160 90560506
    Mail: michael.pfister@deekeling-arndt.de

    About Balda
    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.

    www.balda-group.com


    01.09.2015 The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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    Language: English
    Company: Balda AG
    Bergkirchener Str. 228
    32549 Bad Oeynhausen
    Germany
    Phone: +49 (0) 57 34 / 9 22-0
    Fax: +49 (0) 57 34 / 9 22-2604
    E-mail: ir@balda-group.com
    Internet: www.balda-group.com
    ISIN: DE0005215107
    WKN: 521510
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
    Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
    Munich, Stuttgart

    End of Announcement DGAP News-Service

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    DGAP-Adhoc Balda AG: Preliminary results 2014 / 2015: Sales revenues at 85.4 million EUR. Further value adjustments at US subsidiaries impact earnings Balda AG / Key word(s): Preliminary Results/Final Results 01.09.2015 19:09 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this …