Balda AG

EANS-Adhoc: Balda AG preliminary results: Earnings suffer from MobileCom business

-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 26.01.2011 • Sales revenues slightly above previous year´s level with around 140 million euros • Operating result (EBIT) before special depreciation expected to be in the amount of about minus 8 million euros (previous year: plus 4.7 million euros, without India) • Operating result (EBIT) after special depreciation expected to be in the amount of around minus 38 million euros • Earnings before tax (EBT) due to one-off TPK special effect of around plus 90 million euros (previous year: 47.3 million euros, without India) Bad Oeynhausen, 26 January 2011 - According to provisional figures, the Frankfurt SDax listed company Balda AG ended the 2010 financial year with sales revenues slightly above previous year´s level. The company had already commented in early November 2010 on the development of falling revenues as compared to the original forecast. The operating result (EBIT) before special depreciation is expected to be in the amount of about minus 8 million euros. Below-target sales revenues for MobileCom in China, restructuring expenses and extraordinary depreciation on machinery and inventories all had a significant impact on the operating result. The Balda Group generated sales revenues of around 140 million euros (previous year: 134.1 million euros, without India) in the continued operations in the 2010 financial year. Taking into account the preliminary determined special depreciation in the MobileCom and Electronic Products segments in the amount of around 30 million euros due to the impairment testing undertaken in the annual financial statement process, the operating result (EBIT) is expected to be around minus 38 million euros. The operating result (EBIT) before special depreciation amounts to about minus 8 million euros (previous year: 4.7 million euros, without India). TPK valuation at market values Following the initial public offering of touchscreen manufacturer TPK on 29 October 2010 the reporting of the holding in TPK in future will be entered as a financial instrument at market values; until this date it was reported at book values according to the "at equity"-method. The revaluation of the TPK stake is carried out on the basis of the first quotation (220 Taiwanese Dollars). In 2010 this had a one-off impact on earnings in the amount of around 124 million euros. Since TPK shares were classified as financial assets, a share of profits is no longer shown, only dividend payments. The evaluation of the TPK with the quotation as of 31 December 2010 leads to a further strengthening of Group equity. Due to the unique impact on earnings based on the revaluation of the TPK holding, as referred to above, the Balda Group recorded an extremely positive EBT of around 90 million euros in continued operations in the 2010 financial year. In the previous year the Group posted a plus of 47.3 million euros, without India. All of the above numbers are still being audited. The Balda Group will publish its audited 2010 annual financial statements with final figures on 17 March 2011. A balance sheet press conference on the 2010 financial year will also be held on this date. * * * end of ad-hoc-announcement ========================================== ====================================== Company Profile Balda AG 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 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 contains forward-looking statements which are based on the current expectations of Balda´s management. They therefore contain a range of risks and uncertainties because they relate to future 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 will neither revise these forward-looking statements nor correct them in the event of any unexpected development, unless there is a legal obligation to do so. This ad-hoc announcement represents neither an offer to buy shares nor an invitation to submit an offer to buy shares in the United States or any other country. The shares in Balda AG (the "shares") may not be offered or sold in the United States or to or for the account of U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, in its current version (the "Securities Act")), unless they are registered or are exempt from registration under the Securities Act. The shares have not been and will not be registered under the Securities Act. end of announcement euro adhoc -------------------------------------------------------------------------------- Further inquiry note: Clas Röhl Tel.: +49 (0) 5734 922-2728 Branche: Semiconductors & active components ISIN: DE0005215107 WKN: 521510 Index: CDAX, Prime All Share Börsen: Frankfurt / regulated dealing/prime standard Berlin / free trade Hamburg / free trade Stuttgart / free trade Düsseldorf / free trade München / free trade

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