Heliad Equity Partners GmbH & Co. KGaA / Quarter Results/Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Heliad, a publicly listed private equity company, has posted record results
for the first half of the 2007 financial year (01.01.-30.6.2007). Earnings
after tax (net earnings) doubled year-on-year to reach Euro 5.7 million.
Earnings per share amounted to 8 cents in the first half of 2007. In line
with the very pleasing earnings performance, the 'intrinsic value' of the
share, NAV, reached a new peak of Euro 1.36 at 30.06.2007.
Alongside its very pleasing financial figures, Heliad also developed very
positively on an operating level. The company successfully acquired four
new, highly promising shareholdings in the second quarter alone. These
involve the company’s largest new investment to date, SHB AG, as well as RT
Reprotechnik GmbH, ecolutions GmbH & Co. KGaA and TKN AG. All of the new
shareholdings fit superbly with Heliad’s strategy of investing in
high-growth, owner-run companies at attractive valuation terms and of
jointly developing these companies further in cooperation with the
respective entrepreneurs.
Heliad’s major existing shareholdings also maintained their growth in the
first half of 2007. For most of the companies in its portfolio, Heliad
expects 2007 to be the best year in the individual company’s history.
Notwithstanding this, none of the unlisted shareholdings were appreciated
during the first half of 2007, which means that their positive performance
is not yet reflected in Heliad’s half-year NAV figure.
Given the decline in the share price of the publicly listed companies in
Heliad’s portfolio in the context of the overall weakening in stock
markets, the NAV has seen a slight decline to Euro 1.34 in the period
following the reporting date up to the end of July 2007. In view of the
fact that most of the companies included in the portfolio are still
recognised at cost of acquisition in spite of their operative success,
however, the NAV still includes substantial hidden reserves.
Heliad is currently looking at further promising investment opportunities
very closely and expects to conclude corresponding deals in the second half
of the year as well. Moreover, Heliad expects some of the companies in its
existing portfolio to hold their IPOs in the second half of the year. One
such company is SHB AG, where the management is currently investigating the
option of going public.
The complete quarterly report can be viewed and downloaded from:
http://www.heliad.de/de/investorrelations/finanzberichte
+++ About Heliad
Heliad is a publicly listed investment company that focuses on companies in
German-speaking countries. It invests in companies that are undergoing a
strong growth phase or that are in a special situation. Its goal is to
generate an above-average risk/return ratio for its shareholders. With
Heliad, investors therefore participate strongly in the growth prospects of
traditional German SMEs as well as in upcoming German technology companies.
With around 3,700 employees and combined sales of more than Euro 350
million, Heliad’s portfolio companies make a major contribution to the
German economy.
Further information about the company can be found at www.heliad.de.
Contact:
Heliad Equity Partners GmbH & Co. KGaA
Alexander Mitsch
Chief Financial Officer
Tel.: +49 (0) 69 71 91 59 65 28
E-Mail: alexander.mitsch@heliad.de
DGAP 15.08.2007
Language: English
Issuer: Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
Phone: +49 (0)69 719 15 965 0
Fax: +49(0)69 719 15 965 11
E-mail: info@heliad.de
Internet: www.heliad.de
ISIN: DE0006047293
WKN: 604729
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
End of News DGAP News-Service