Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Half Year Results
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Frankfurt am Main, August 25, 2016
- Heliad publishes final figures for HY1 2016
- Loss for the period attributable to reduction in the valuation of
listed equity investments
- Investments post very positive operating performance
Frankfurt am Main, August 25, 2016 - Heliad Equity Partners GmbH & Co. KGaA
(ISIN: DE000A0L1NN5) has today published its figures for the first half of
the 2016 fiscal year.
The operating result (EBITDA) of EUR -3.3 million (previous year: EUR -4.3
million) shows a slight year-on-year increase, while the result for the
period under review of EUR -24.5 million (previous year: EUR 13.7 million)
is down on the previous year.
The decline in the result is largely attributable to the lower stock prices
of FinTech Group AG and DEAG Deutsche Entertainment AG compared to December
31, 2015. The carrying amounts have been reduced accordingly. However, the
stock price of FinTech Group AG in particular has already shown a recovery
since the end of the half-year period. Based on the positive operating
performance of both the FinTech Group and also DEAG Deutsche Entertainment
AG, Heliad's management expects that their valuations will soon return to
their former levels. Heliad has used the low valuation of DEAG Deutsche
Entertainment AG as an opportunity to increase its commitment within the
context of the convertible bond issued.
All of the unlisted investments exhibited extremely stable, positive
Heliad's semi-annual report will be published in September 2016 at
www.heliad.com (Investor Relations section).
Heliad is a listed investment company focusing on investments into listed
and unlisted companies in German-speaking countries that are facing Special
Heliad's "evergreen" structure allows to act independently of usual fund
lifecycles and to apply a flexible and entrepreneurial approach in order to
take advantage of the opportunities that special situations present. This,
combined with its proactive, hands-on approach to investments allows to
achieve significantly higher returns for Heliad shareholders than
conventional private equity funds. With Heliad shares, both private and
institutional investors have a stock with daily liquidity that allows them
to benefit from the opportunities offered by a diversified special
Heliad Equity Partners GmbH & Co. KGaA
60322 Frankfurt am Main
Tel.: +49 (0) 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: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Entry Standard)
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