DGAP-News

Balda AG further continues positive trends

DGAP-News: Balda AG / Key word(s): Quarter Results
Balda AG further continues positive trends

12.11.2015 / 08:13

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- Sales revenues increase by EUR 0.7 million to EUR 21.3 million
- EBITDA (EUR 1.7 million) and EBIT (EUR 0.4 million Euro) continue on
positive track as expected
- Full-year forecast confirmed, but subject to sale of the operating
units

Bad Oeynhausen, 12 November 2015 -Today, Balda AG published the Q1 Report
2015 / 2016. Accordingly, during the first three months, the Group
generated sales revenues in the amount of EUR 21.3 million following EUR
20.7 million in the same period during the previous year. This growth is
particularly due to a moderate US Dollar / Euro exchange rate. Consolidated
earnings before interest, taxes and depreciation (EBITDA) and before
extraordinary items thus amount to EUR 2.1 million following EUR 1.8
million last year.


Sales revenues and key earnings figures of the Balda Group during the first
three months 2015 / 2016

During the first quarter, Balda AG generated consolidated sales revenues in
the amount of EUR 21.3 million, which corresponds to an increase by 2.8 %
in comparison to the reference period (previous year: EUR 20.7 million).

During the period under review from July 2015 until September 2015,
earnings before interest, taxes and depreciation (EBITDA) after
extraordinary items were EUR 1.7 million (before extraordinary items: EUR
2.1 million); in the same period during the previous year they amounted to
EUR 1.5 million (before extraordinary items: EUR 1.8 million). This
corresponds to an EBITDA margin after extraordinary items of 7.7 % (before
extraordinary items: 9.4 %). Extraordinary items primarily are accounted
for by expenditure in connection with the consolidation of the US sites and
expenses associated with the planned sales of the operating units.

Also the earnings before taxes and depreciation (EBIT) were affected by the
extraordinary items that, similar to the previous year, amounted to EUR 0.4
million also after the first three months of 2015 / 2016. Before
extraordinary items, the EBIT is only slightly higher in the current period
under review than last year (EUR 0.8 million now compared to EUR 0.7
million in the previous year).

For the first quarter 2015 / 2016 Balda AG reports earnings after taxes of
EUR 0.6 million (previous year: EUR 3.0 million). This lower value compared
to the previous year is primarily due to the lower financial results.
Financial results were significantly lower compared to the previous year as
a consequence of the development of the US Dollar / Euro exchange rate.