Balda Aktiengesellschaft

ots Ad hoc-Service: BALDA AG Balda AG reaches record result in the fiscal year 1999

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    Bad Oeynhausen (ots Ad hoc-Service) -    

    Continued strong growth in sales and earnings expected

    In 1999 Balda AG, Bad Oeynhausen, increased its turnover by 136 percent from DM 49.6 million to DM 117.4 million. The result before deduction of interest and taxes (EBIT after IAS and DVFA) increased almost threefold (278 percent) from DM 3.7 million to round DM 14 million. The result per share, which is listed on the "Neuer Markt" (Frankfurt Stock Exchange), since November 1999, is DM 0.62 (Euro 0.318) and this value is 45 percent higher than expected (calculated on a basis of 8.35 million shares). In the year 2000 the company will almost exclusively concentrate on its core business of mobile phones. Balda expects this year a sale rise of 81 percent to DM 213 million and a drastic growth in profits of 334 percent to a result per share of DM 2.69 (Euro 1.375). The French telecommunications company Alcatel has for the first time allocated an order to Balda for the development of a casing.

    Based in eastern Westphalia, the company will post a record in turnover even after deduction of costs of a stock-market share sell-off in the amount of about DM 8 million. Established over 90 year ago, Balda develops and manufactures cellular phone casings which are supplied to the world-market leaders Ericsson, Motorola, Nokia and Siemens. The fiscal year 1999 was especially successful for Balda. "With a turnover of DM 117.4 million, we surpassed our goal of DM 90 million by more than 30 percent and therewith reached the best result in our entire history" says Gerhard Holdijk, chairman of the board. The cash flow rose 170 percent from DM 3.7 million to DM 10 million. The 1999 profit after deduction of costs of a stock-market share sell-off in the amount of about DM 8 million was DM 493,000. Balda has big plans for the future. "We want to follow our vision consequently, consolidate our position as first address for global players in the world-market of mobile phones and make our way to becoming a global player ourselves" so Holdijk.

    Questions to:

    Balda AG Gerhard Holdijk (CEO) Cersten Hellmich (Investor Relations) Bergkirchener Straße 228 D - 32549 Bad Oeynhausen Phone: +49 (0) 5732 73 01 375 Fax: +49 (0) 5732 73 01 308 E-Mail: Internet:

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