Balda Aktiengesellschaft

ots Ad hoc-Service: BALDA AG Sales record at Balda AG: 150% growth

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    Bad Oeynhausen (ots Ad hoc-Service) -

    With sales in 1999 worth DM 124.6 million (1998: DM 49.7 million), Balda AG, Bad Oeynhausen, achieved a growth of 150% and thereby clearly bettered its own target of DM 90 million. Balda Intends to pass the DM 200 million mark In the current financial year.

    Gerhard Holdijk, chairman of the managing board, stated that he expected an above-average growth in profits. Based in eastern Westphalia, the company will post a profit in 1999, says Holdijk, even after deduction of the costs of a stock-market share sell-off in the amount of around DM 7.5 million. Established over 90 years ago, Balda develops and manufactures cellular phone casings which are supplied to the world-market leaders Ericsson, Motorola, Nokia and Siemens. In 1999 Balda itself generated sales worth DM 102.1 million, a further DM 22.4 million being contributed by the acquisition of Albea GmbH, headquartered in Seelbach near Lahr (Baden).

    With the takeover of Albea, Balda moves to the head of the world-market segment specialized in the treatment of plastic surfaces. According to Holdijk, Albea is one of just four companies worldwide with a mastery of the latest techniques relating to 3D mouldings from plastic sheets and laser inscriptions. Such surface-treatment techniques play an increasingly important role, says Holdijk, in casings for cellular phones, the innovative process making it possible for the first time to produce four-colour fantasy decors and full-surface company logos. The design of cellular phones is becoming an ever more important factor in the purchase decisions of consumers, says Holdijk.

    Holdijk anticipates further vigorous growth in the current financial year: "In view of the continuing strong demand for cellular phones worldwide, we expect around 70% growth in the current financial year, with sales revenue exceeding the DM 200 million mark. Albea is forecast to contribute some DM 30 million to that figure. We would thus be more than 30% up on our target from autumn last year. With our new manufacturing facility, which will soon be ready for operation, we are excellently prepared for such expansion."

    Questions to: Or:

    Gerhard Holdijk (CEO) Hans-Georg Möckesch Cersten Hellmich (Investor Relations) Peter Verclas Balda AG PR Partner Societät für Öffentlichkeitsarbeit Bergkirchener Straße 228 Friedrichstraße 31 D - 32549 Bad Oeynhausen D - 80801 München Phone: +49 (0) 5732 73 01 375 Phone: +49 (0) 89 38 39 85 25 Fax: +49 (0) 5732 73 01 308 Fax: +49 (0) 89 38 39 85 39 E-Mail: E-Mail: Internet:

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Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell

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