Balda AG announced consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported sales revenue, continuing operations of EUR 19.7 million against EUR 6.0 million a year ago. EBITDA before extraordinary items was EUR 0.6 million against LBITDA before extraordinary items of EUR 1.5 million a year ago. LBIT before extraordinary items was EUR 0.8 million against LBIT before extraordinary items of EUR 2.0 million a year ago. Earnings before tax were EUR 11.5 million against EUR 134.7 million a year ago. Earnings after taxes, continuing operations were EUR 10.6 million against EUR 134.5 million a year ago. Earnings per share were EUR 0.00 against EUR 2.27 a year ago. Net finance income was EUR 12.5 million against EUR 136.9 million a year ago. For the nine months, the company reported sales revenue, continuing operations of EUR 35.6 million against EUR 29.4 million a year ago. EBITDA before extraordinary items was EUR 2.6 million against LBITDA before extraordinary items of EUR 3.3 million a year ago. EBIT before extraordinary items was EUR 0.2 million against LBIT before extraordinary items of EUR 4.8 million a year ago. Earnings before tax were EUR 23.1 million against EUR 126.4 million a year ago. Earnings after taxes, continuing operations were EUR 22.2 million against EUR 124.2 million a year ago. Earnings per share basic and diluted were EUR 0.20 against EUR 1.87 a year ago. Net finance income was EUR 25.1 million against EUR 132.7 million a year ago. Comprehensive income for the Group (sum total of continuing and discontinued operations) after nine months was EUR 11.9 million, down from EUR 109.8 million in the period from July 2011 to March 2012. The company provided earnings guidance for the year 2012/2013. For the year, the company expects consolidated sales from continuing operations in the area of EUR 60 million to 65 million and distinctly positive EBITDA from continuing operations both before and after extraordinary items. The Group's profitability before and after taxes will be strongly boosted by positive net finance income and the proceeds from the sale of the remaining TPK stake. As a result, both the earnings after taxes from continuing operations and the Group's comprehensive income are expected to be clearly positive.

Balda AG announced that the extra ordinary general meeting held to replace its three-member Supervisory Board with the removal of the Supervisory Board Chairman, Dr. Michael Naschke, and the election of rival candidates for the Supervisory Board members Irene Schetelig and Wilfried Niemann. The board also approved the proposal to pay a special dividend of EUR 1.50 for the current financial year 2012/2013.

Balda AG announced changes in the composition of its three-member Supervisory Board. Two Supervisory Board members, Yu-heng Kai and Ted Gerlach, resigned from their posts effective 28 February 2013. The Bad Oeynhausen Local Court appointed Wilfried Niemann (67) and Irene Schetelig (42) as new members of the control committee, following the company's proposal. Wilfried Niemann has been managing director of the family-owned enterprise Karl W. Niemann GmbH & Co KG, since 1980.