Clere AG
Balda AG: Main eyewear customer will start to produce themselves by mid-2016
Balda AG / Key word(s): Miscellaneous 12.06.2015 19:47 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, 12. June 2015 - Balda AGs main customer in the eyewear sector has informed the company today that due to an internal strategic decision they will be manufacturing their products by themselves in the future, which are now in substantial parts being produced by Balda's US company Balda C. Brewer, Inc. During the transformation process higher sales revenues are expected initially, however these will largely come to an end starting mid-2016. Regarding the annual financial statement as of 30.06.2015 Balda is expecting an impairment of intangible assets in the context of the acquisition of Balda C. Brewer, Inc. as well as one time expenses due to the restructuring process. The exact amount of the value adjustment and the consequences on the consolidated net income of the current financial year 2014 / 2015 as well as the subsequent years are under review. The share of this customer on sales revenues amounts to appox. 10 %. The decrease in sales revenues will primarily come into effect beginning of the financial year 2016 / 2017 and will slow down the growth of the group. Contact Michael Pfister Deekeling Arndt Advisors Phone: +49 (0) 5734 922 2555 Mobile: +49 (0) 160 90560506 Mail: michael.pfister@deekeling-arndt.de About Balda Balda (ISIN: DE0005215107) is a provider of first-class solutions in plastics for demanding, high-quality applications in the fields of healthcare, lifestyle, automotive and consumer electronics industries. Balda has operating divisions in Europe and America and maintains state-of-the-art production facilities at its headquarter in Bad Oeynhausen, Germany as well as in the USA. The success of Balda, which employs around 800 people, is based on the deployment of leading-edge, cost-effective technologies, coupled with the trust-based and close collaboration with customers. www.balda-group.com 12.06.2015 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: ir@balda-group.com Internet: www.balda-group.com ISIN: DE0005215107 WKN: 521510 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden