Balda AG / Key word(s): Final Results/Change of Personnel 28.08.2014 10:26 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Bad Oeynhausen, 28 August 2014 - Balda AG presents its preliminary results for the 2013 / 2014 financial year. Accordingly, the company has reached the objectives that it had set for itself, achieving the lower end of its targeted range: consolidated revenue stood at EUR 70.5 million, compared with EUR 59.9 million in the prior-year period, reflecting a 17.7 % growth. This increase is predominately attributable to the full consolidation for the first time of the US companies acquired in 2012. The company generated earnings before interest, tax, depreciation and amortisation (EBITDA) of around EUR 4.0 million before extraordinary items, and as forecasted an EBITDA margin of around 5.6 %. Earnings before interest and tax (EBIT) stood at around EUR -4.6 million (previous year: EUR -12.6 million). For the current financial year of 2014 / 2015 Balda aims at an increase to revenues of EUR 73 to 78 million, provided that currencies will not develop adversely. Further a positive EBIT is expected with a low one-digit EBIT-margin. In addition, the Supervisory Board has taken decisions about the company's future management, and ended the interim management arrangement. The appointment of Oliver Oechsle as a Management Board member was extended for a two-year period. Dr. Dieter Brenken, who has been Chief Financial Officer to date, is to leave the company at the end of October. The interim manager was appointed for this period to oversee the company's transformation process. Dr. Brenken has made a significant contribution to the reorientation of Balda's international activities and commercial management. The Supervisory Board regrets his departure, thanks Dr. Brenken for their successful collaboration, and wishes him all the best for the future, both professionally and personally. The 2013 / 2014 annual report of Balda AG will be published on 10 October 2014, when it will be available for downloading from the company's website at www.balda-group.com/de. Contact Daniela Münster Deekeling Arndt Advisors Phone: +49 (0) 69 97098 511 Mail: daniela.muenster@deekeling-arndt.de 28.08.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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: info@Balda.de Internet: www.balda.de ISIN: DE0005215107 WKN: 521510 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Balda AG: Preliminary 2013 / 2014 results and forecast - Interim-stage concluded, personnel changes to the Management Board
| Source: EQS Group AG