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.
Bad Oeynhausen, 3 May 2012 – The plastics processor Balda AG
generated consolidated profit after taxes of 133.6 million euros in
the first quarter of 2012. This steep year-on-year rise (previous
year: 4.4 million euros) was due to the part-sale of the shares in
the Chinese touchscreen manufacturer TPK Holding Co., Ltd. in the
reporting period. The reduction of this share from 16.1 percent to
7.6 percent resulted in sales proceeds of 238 million euros.
Consolidated sales amounted to 12.2 million euros in the first
quarter (Q1 2011: 13.5 million euros; -9.4 percent). The main reasons
for this drop were delayed order call-offs in both the Medical and
Electronic Products segment. The restructuring measures in the
Electronic Products segment, which were started at the beginning of
the year, are right on schedule.
The operating Group earnings before interest and taxes (EBIT) came to
-3.1 million euros in the first quarter compared to -1.0 million
euros in the previous year’s quarter on account of lower sales as
well as additional costs, mainly for the processing of orders in the
Electronic Products segment.
The Board of Directors confirms its previous outlook for calendar
year 2012, which is to be regarded as a year of change within the
scope of the reorientation of the operating business. It expects
consolidated sales to be roughly on par with the previous year and
EBIT to again come to a negative one-digit million figure. Thanks to
the proceeds from the sale of the TPK shares, a considerable
consolidated profit after taxes is expected. The aim remains to sell
the remaining shares in TPK Holding for an optimised price during the
course of the current year.
Company profile of Balda AG The Balda Group develops and produces
complete plastic assemblies, electronic products and products for the
medical technology industry. Balda’s customers are leading companies
in the pharmaceutical, medical technology, consumer electronics
electronic communications and mobile phone markets. The Group is
internationally positioned with production sites in Germany and
Malaysia. A subsidiary in the USA operates in product design and
development. Within the scope of its shareholding in a leading
touchscreen manufacturer in China, Balda is participating in the
dynamic development of the touchscreen 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.
Further inquiry note:
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 – 54 04 – 91 92 0
Fax: +49 – 54 04 – 91 92 29
end of announcement euro adhoc
issuer: Balda AG
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2747
sector: Semiconductors & active components
indexes: CDAX, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt