EANS-News: Balda AG
New Balda-CEO is optimistic for 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Company Information
Bad Oeynhausen (euro adhoc) - New Balda-CEO is optimistic for 2011
Rainer Mohr expects figures in the black in the operating business "The Balda-Group will generate a positive operating result in the fiscal year 2011." Rainer Mohr, the new Director of the Board is convinced of this. The Supervisory Board and Board of Directors have a clear strategy and agreement on defined measures for every segment of the Group. New leadership in MobileCom segments in China and the Electronic Products segment in Malaysia have introduced measures for further restructuring. By the end of the first half-year Mohr will take further incisive decisions if necessary.
"If we cannot turn around the MobileCom business, we are ready for a clean break", says Mohr. The Electronic Products segment has already made progress in the second half-year of 2010. In addition it possesses promising innovative products. Balda Medical is developing well too. Located in Germany, in Bad Oeynhausen, the Segment won a further big contract at the beginning of the year and will show a significant growth in turnover and earnings. For the forecast strategic growth in the Medical segment the new Balda-CEO is optimistic: "We are on target. I expect a final decision by the end of the first half-year." " We have done our homework. Particularly in China we will continue to work with high pressure. The first measures are already in place. The Balda-Group has the financial resources to consistently implement its plans", says Mohr.
*** Company Profile Balda AG The Balda Group develops and produces complete plastic assemblies, electronic products and products for the medical industry. The customers of Balda are leaders in business from the mobile, entertainment and electronic communications as well as pharmaceutical and medical technology markets. The group has an international position with product sites in China, Malaysia and Germany. A subsidiary in the United States serves North American customers in product design and development. As part of a shareholding in a leading manufacturer of touch screens in China, Balda participates in the dynamic touch screen displays market. * * * Further inquiry note: Balda AG, Clas Röhl, Tel: (05734) 922 - 2728, Fax: (05734) 922 - 2604, E-Mail: croehl@balda.de, Internet: www.balda.de * * * This corporate news announcement contains forward-looking statements, which are based on the current expectations of Balda´s management. They therefore contain a range of risks and uncertainties because they relate to future events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda will neither revise these forward-looking statements nor correct them in the event of any unexpected development, unless there is a legal obligation to do so. This corporate news announcement represents neither an offer to buy shares nor an invitation to submit an offer to buy shares in the United States or any other country. The shares in Balda AG (the "shares") may not be offered or sold in the United States or to or for the account of U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, in its current version (the "Securities Act")), unless they are registered or are exempt from registration under the Securities Act. The shares have not been and will not be registered under the Securities Act.
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de
Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade