Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Quarter Results
Heliad Equity Partners GmbH & Co. KGaA, Frankfurt am Main (ISIN:
DE000A0L1NN5), today published its consolidated financial statements for
the third quarter of 2010. The company has posted substantial year-on-year
growth in all of its key earnings figures for the first three quarters of
the financial year. Heliad boosted its net surplus for the period after
minority interests to EUR 4.7 million (Q1-Q3 2009: EUR -1.1 million)
equalling EUR 0.44 per share. Operating earnings before interest, taxes,
depreciation and amortisation amounted to EUR 2.3 million (Q1-Q3 2009: EUR
Of Heliad's consolidated sales of EUR 40.8 million (Q1-Q3 2009: EUR 23.8
million), a total of EUR 26.4 million was attributable to the operating
business at the subsidiaries (Q1-Q3 2009: EUR 23.8 million). Furthermore,
sales of financial assets contributed EUR 14.3 million to consolidated
sales (Q1-Q3 2009: EUR 0.0 million).
These sales of financial assets mainly involved fund investments
successfully disposed of at a profit of EUR 1.1 million within the
framework of the strategic portfolio streamlining process.
Heliad expanded its shareholding in the RT Gruppe to a majority stake in
the third quarter and fully consolidated this company from 1 July 2010.
This has extended the balance sheet. In particular, goodwill, property,
plant and equipment and non-current liabilities have increased on account
of the initial consolidation of the RT Gruppe. Total assets amounted to EUR
131.8 million as of 30 September 2010 (31 December 2009: EUR 114.7
Heliad still has a stable equity ratio of 60% (31 December 2009: 67%) and
group liquidity of EUR 33.8 million (31 December 2009: EUR 29.3 million).
'The positive earnings figures for the first three quarters of 2010 show
that Heliad is on the right track and that its investments and subsidiaries
are performing stably', commented Bernd Sexauer, Heliad's CEO. 'With our
profitable fund disposals, we have successfully pressed ahead this year
with sharpening our strategic profile. At the same time, we can use the
liquid funds received from these transactions to acquire attractive
majority shareholdings in the services sector in line with our investment
strategy. To enable Heliad's shareholders to participate in this positive
performance, we plan to propose a dividend distribution for approval by the
2011 Annual General Meeting.'
The group interim report for the third quarter of 2010 can be downloaded
from the Investor Relations section of the company's website at
www.heliad.com from 30 November 2010.
++ About Heliad
Heliad is a group of companies that invests in high-growth German companies
and offers them hands-on support in their further development. Heliad
typically invests in companies that generate annual sales in excess of EUR
10mn and generally acquires majority shareholdings. Further information
about the company can be found at www.heliad.com.
Heliad Equity Partners GmbH & Co. KGaA
Phone: +49 69 71 91 59 65 0
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Company: Heliad Equity Partners GmbH & Co. KGaA
60322 Frankfurt am Main
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Berlin, Stuttgart
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