Electronics Production | December 27, 2011
Balda expects to go red
Balda AG adjusts forecast for the 2011 financial year downwards.
The Balda AG is expecting a slightly negative Group EBIT in the 2011 financial year. The EBIT will, contrary to the planning, not close 2011 with a slight profit. Write-downs that will be made in the annual financial statements will above all result in a negative EBIT. Taking into account these unplanned special effects, a negative EBIT in the low single-digit millions is expected.