EANS-Adhoc: Balda AG preliminary results: Considerable earnings growth in 2009
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.
Preliminary results 2009
25.02.2010
Balda AG preliminary results: Considerable earnings growth in 2009
EBIT of 2.5 million euros (plus 3.1 million euros after minus 0.6 million
euros in previous year without TPK) Revenues: 139.0 million euros (previous year without TPK: 198.1 million
euros) Earnings before taxes (EBT) including the proceeds from the purchase and
the proportionate result of TPK of 45.3 million euros (previous year:
minus 26.5 million euros)Bad Oeynhausen, 25 February 2010 - According to preliminary results, Balda AG,
listed in the Prime Standard of the Frankfurt Stock Exchange, achieved a positive operating result (EBIT) in its continued operations in 2009 with 2.5 million euros (previous year without TPK: minus 0.6 million euros). Balda has achieved a positive EBIT despite significantly lower revenues. This is the result of the fast-working restructuring and cost cutting programme forcefully put into effect in 2009.
The Group achieved revenues amounting to 139.0 million euros in 2009, a decline of about 30 percent (previous year without TPK: 198.1 million euros). The weak demand for low cost mobile telephones and thus less quantity being purchased by Balda's customers contributed towards the fall in revenues. The region of Malaysia was particularly affected. The Group concentrates on the development and production of electronic products in this region.
The earnings before tax (EBT) are significantly higher with 45.3 million euros compared to minus 26.5 million euros last year. This position contains a contribution of the earnings of associated companies in the amount of 50.9 million euros. The inflow derives from the proceeds of the purchase of the financial holding in TPK and the earnings of TPK from the business year 2009.
Balda is publishing its annual report 2009 and final numbers on March 18, 2010. On this day, the annual press conference is taking place as well.
end of ad-hoc-announcement ========================================== ====================================== Company profile 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, India 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 includes forward-looking statements which are based on the current expectations of the management of Balda. They are subject to risks and uncertainty because they relate to 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 does not undertake any obligation to update publicly or revise forward-looking statements except to the extent legally required. This ad hoc announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The shares in Balda AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) unless registered under the Securities Act or pursuant to an exemption from such registration. 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
croehl@balda.de
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