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Frankfurt/Bad Oeynhausen (ots Ad hoc-Service) -
- Balda with record results
- Sales and earnings up more than 100%
- First-time dividend
- Future growth also expected above the market average
- Sales target of 215 million euros for 2001
Balda AG, the manufacturer of plastic components for mobile
phones, and a company noted on the new market of the Frankfurt Stock
Exchange, in the financial year of 2000 has managed to boost its
sales proceeds from 60.0 million euros (1999) by 100.3 million euro
to 160.3 million euros. This is the equivalent of a 167 percent
growth rate and well above the average for the mobile phones market
(47 percent). The earnings situation has developed most favourably.
Earnings before interest, taxes and depreciation (EBITDA) has risen
from 12.0 million euros to 33.9 million euros, thus almost trebling.
In 2000 the EBITDA accounted for 20 percent of the total performance.
Balda's earnings before interest and taxes (EBIT) more than trebled
(228 percent). The EBIT rose from 7.1 million euros to 23.4 million
euros. Earnings per share were more than five times as high, rising
from 8 cents to 40.6 cents - despite the special Ericsson effect
which will also continue to have a negative impact well into 2001.
The cash-flow from current operations has increased from 2.4 million
euros in 1999 to 15.2 million euros.
For the year 2001 Balda again expects sales to grow by 38 percent,
and hence by more than the industry average (30 percent), to around
220 million euros. For 2002, a gain of around 40 percent to 307
million euros is being planned. The EBIT is set to rise by 46 percent
to 34 million euros. It is planned that earnings per share should go
up 30 cents to 53 cents. The company is still pursuing its long-term
sales target of 500 million euros by the year 2005. For 2001 Balda
will for the first time be paying a cash dividend which is expected
to amount to 13 cents. The customers of Balda, based in Bad
Oeynhausen, include names like Alcatel, Ericsson, Motorola, Nokia and
Siemens, i.e. the leading global players on the mobile phones market.
In the year under review, the Balda group employed 1,217 people on
average (previous year: 552). The share of labour costs fell from
29.3 percent to 22.8 percent during the year. Starting in April, the
company will also export its technology and know-how to China. It is
proposed that this partnership should be extended and culminate in
jointly owned production facilities. In addition to new customers,
growth in 2001/02 will also be generated by new products including
keyboard mats, head sets utilising blue tooth technology and an
internal, galvanised aerial.
Please direct inquiries to: Balda AG, Cersten Hellmich (Investor
Relations), Phone: ++49 (5734) 922-706, Fax: ++49 (5734) 922-702,
, Internet: www.balda.de
WKN: 521510; Index: NEMAX 50 Listed: Neuer Markt Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München,
Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell