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ots Ad hoc-Service: BALDA AG
Group result for the
first quarter of 2001 is well within budget
Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Bad Qeynhausen, Germany (ots Ad hoc-Service) - Group result for the first quarter of 2001 is well within budget/operating performance increases by 61 percent due to the initial consolidation of Balda- Heinze / EBIT grows by 47 percent to 3.9 million Euro Balda AG, which is listed in the Nemax 50, increased its operating performance in the first quarter of 2001 compared to the corresponding period in the previous year by 61 percent to 34.9 million Euro (previous year 21.7 million Euro). The total performance in the first quarter increased compared to 2000 from 22.1 million Euro to 37.4 million Euro. This corresponds to a growth of 15.3 million Euro or 69.4 percent. The result before interest, taxes on income and depreciation (EBITDA) increased by 51.5 percent to 6.6 million Euro (previous year 4.4 million Euro). The operating result (EBIT) increased in the first three months to 3.9 million Euro. Compared to the first quarter of 2000, this is a growth of 1.3 million Euro or 46.9 percent. The system supplier of mobile phone equipment thus posts an EBIT margin of 10.3 percent, following 11.9 percent in the previous year. The decline in the EBIT margin is solely attributable to the initial consolidation of Balda- Heinze. The Siemens projects serviced by the subsidiary will only start to have an effect on net income in the second quarter; Balda-Heinze was, therefore, only able to achieve a steady EBIT in the first quarter. The pre-tax result increased by 26 percent to 2,9 million Euro (previous year 2.3 million Euro). The result per share calculated on the basis of 33.4 million shares increased in the first quarter of 2001 by 38.7 percent from 0.036 Euro to 0.051 Euro. The number of employees increased from 688 in the first quarter of 2000 to 1,478 by 31st March 2001. Operating performance and the earnings position of Balda are, thus, well within budget after the first quarter, which is, from experience, the weakest. The increase in operating performance in the first quarter of 2001 is mainly a result of the consolidation of the company subsidiary Balda-Heinze, which contributed 8 million Euro to the operating performance. This company was not a part of the Balda group in the equivalent period of the previous year. Based on the positive first quarter, the company continues to assume a sales target of 236 million Euro for the financial year of 2001. For queries: Balda AG, Cersten Hellmich (Investor Relations), Telephone: (05734) 922-2706, Fax: (05734) 922-2691, E-Mail: firstname.lastname@example.org, Internet: www.balda.de WKN: 521510; Index: NEMAX 50 Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell