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DGAP-News: Balda AG: further growth within first half of financial year 2013 / 2014

February 12, 2014

DGAP-News: Balda AG / Key word(s): Half Year Results/Half Year Results Balda AG: further growth within first half of financial year 2013 / 2014 13.02.2014 / 07:49 --------------------------------------------------------------------- - Sales revenues almost doubled to EUR 34.9 million due to new US companies - EBITDA of EUR 1.1 million - EUR 11.1 million net income after tax because of currency effects - New reporting structure: segmentation according to regions Europe and America - Guidance for financial year 2013 / 2014 confirmed: Sales revenues between EUR 70 million and EUR 80 million accompanied by a profit (without extraordinary charges) Bad Oeynhausen, 13 February 2014 - Balda AG was on a profitable growth course in the first half of the financial year 2013 / 2014. In operating terms, however, the segment plastics fell behind expectations in the second quarter, as was the case in the first quarter 2013 / 2014 due to hesitancy in customer demand. 'We, the new Management Board, have conducted a thorough inventory-taking over recent months, and see many growth opportunities for Balda AG due to its excellent staff, high product and manufacturing expertise. We are working intensively on turning this potential into performance and hence into sustainable value enhancement', states Oliver Oechsle, Chief Operation Officer of Balda AG. 'We are well on the way to achieving the targets that we have set for ourselves, although there is still much to be done in operating terms. Sales revenues reached EUR 34.9 million in the first half year, and are thereby within the target corridor for the EUR 70 million to EUR 80 million of sales revenue that we are aiming for over the course of the full year. In terms of earnings, we are also on track to achieve a single-digit EBITDA margin on sales revenue by the year-end' elaborates Dr. Dieter Brenken, Chief Financial Officer der Balda AG. Key sales and earnings figures of the Balda Group for the first half of financial year 2013 / 2014 Within the first six months of the financial year 2013 / 2014 Balda was able to almost double its sales revenue from continuing operations and earned EUR 34.9 million compared to the previous year's figure of EUR 19.9 million. The increase is attributable to the complete consolidation of the US companies since end of 2012. Balda generated a profit before interest, tax, depreciation and amortization (EBITDA) from its continuing operations of EUR 1.1 million in the reporting period following a loss of EUR 1.6 million in the previous year. After tax, the Group reports EUR 11.1 million of earnings from its continuing operations (comparable period: EUR 11.6 million), which is considerably impacted by currency effects within the financial result. Performance of the operating segments According to the new reporting structure, the reporting of the operative segments will be performed by regions. The Balda America segment generated EUR 20.1 million sales revenue in the first half of 2013 / 2014 (prior year period: EUR 0 million), and segment EBITDA reached EUR 1.2 million (prior-year period: EUR 0 million). The segment Europe generated EUR 14.9 million of sales revenue for the first half of 2013/2014 (previous year period: EUR 19.9 million). The segment reported a slight loss of EUR 0.1 million at the EBITDA level (prior year period: profit of EUR 0.5 million). General holding company costs led to a slight loss of EUR 0.1 million at the EBITDA level in the Other segment. Outlook The Management Board is retaining the forecasts for the full 2013/2014 year: Assuming that macroeconomic conditions do not deteriorate significantly and barring any other unforeseeable adverse effects that have a material impact on the Balda Group, the company assumes that it will generate consolidated sales revenue in the EUR 70 million to EUR 80 million range, accompanied by a single-digit EBITDA margin and a profit. For additional information, please see the section entitled 'Opportunities and anticipated developments' in our Annual Report for the 2012/2013 financial year. Further and more detailed information can be found on the website of Balda AG: Contact Michael PfisterDeekeling Arndt Advisors Tel: +49 (0) 5734 922 2555 Mail: End of Corporate News --------------------------------------------------------------------- 13.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------- 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: Internet: ISIN: DE0005215107 WKN: 521510 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg, Hannover, MÜnchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 252389 13.02.2014

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Source: DGAP Corporate News

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