Heliad Equity Partners GmbH & Co. KGaA publishes Interim Report as of June 30, 2011


Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Half Year Results

15.08.2011 / 08:00


Heliad publishes Interim Report as of June 30, 2011

Frankfurt am Main, 15 August 2011 - Heliad Equity Partners (ISIN: DE000A0L1NN5) publishes its definitive figures for the first half-year 2011 as of today. The company generated consolidated sales from continuing operations of EUR 21.9 million (IFRS) in the first half-year 2011 (HY 2010: EUR 25.2 million). Operating earnings (EBITDA) as of EUR 2.2 million are below previous year figures (HY 2010: EUR 3.1 million). The half-year decline in valuations of listed companies with a net effect of EUR -1.0 million burdened the net income and lead to a slightly negative net income from continuing operations of EUR -0.4 million (HY 2010: EUR 2.2 million). Discontinued operations positively affected consolidated net income with an amount of EUR 14.1 million so that the consolidated net income amounted to EUR 13.7 million. This contribution to net income resulted mainly from effects of the deconsolidation of RT group and Unicorn and is basically not liquidity-related.

With total assets amounting to EUR 98.6 million in the consolidated balance sheet of Heliad as of June 30, 2011, a significantly increased equity of EUR 66.3 million (31.12.2010: EUR 50.6 million) and consequently a higher equity ratio of 67% (31.12.2010: 39%) is shown. Cash and cash equivalents less financial liabilities were reduced by repayments of short-term liabilities to EUR 26.7 million (31.12.2010: EUR 30.7 million). On 30 June 2011 the net asset value amounted to EUR 5.63 per share (31.12.2010: EUR 5.62 per share).

Given the actual turbulence in financial markets, Heliad has been confirmed to have accelerated in recent share sales and to have increased the free cash successively. Heliad will now be able to use the low stock market valuations to analyse increasingly investments in favourably valued listed companies (so-called PIPE transactions). The aim of such investments, similar to investments in privately held companies, is to develop the company as a financial partner of the management and later sell the investment profitable.

The interim financial report will be released today under www.heliad.com.


About Heliad

Heliad is an investment company that supports companies in growth and change phases as Equity Partner. Special criteria of the investment strategy are the active support of investment companies and the ability to implement appropriate individual financing solutions. Thus Heliad invests in listed and unlisted companies and can invest in majority and minority interests. About Heliad visit www.heliad.com.

Contact
Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
D - 60322 Frankfurt am Main

Investor Relations
Melanie Büsing
Finance Director
Tel.: +49 (0)69 71 91 59 65 0
E-mail: investor-relations@heliad.com

Press
edicto GmbH
Axel Mühlhaus
T +49 (0)69. 90 55 05 52
amuehlhaus@edicto.de



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