Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Quarter Results
Frankfurt am Main, 15 November 2011 - Heliad Equity Partners (ISIN: DE000A0L1NN5) publishes its definitive figures for the first three quarters as of today. The company generated consolidated sales from continuing operations of EUR 32.3 million (IFRS) in the first three quarters 2011 (Q3 2010: EUR 40.8 million). Operating earnings (EBITDA) as of EUR 3.0 million are above previous year figures (Q3 2010: EUR 2.3 million). The decline in valuations of listed companies due to the recent turbulence in financial markets burdened the net income with a net effect of EUR -3.3 million in the third quarter. Net income from continuing operations therefore amounted to EUR -4.6 million in the first three quarters (Q3 2010: EUR 4.8 million). Discontinued operations positively affected consolidated net income with an amount of EUR 14.1 million so that the consolidated net income in the first three quarters amounted to EUR 9.5 million. This contribution to net income resulted mainly from effects of the deconsolidation of portfolio companies.
With total assets amounting to EUR 97.6 million in the consolidated balance sheet of
The quarterly financial report will be released today under the section Investor Relations on www.heliad.com.
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.
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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 Berlin, München, Stuttgart|
|End of News||DGAP News-Service|