Heliad Equity Partners GmbH & Co. KGaA / Quarter Results
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++ Heliad posts net income of Euro 3.8 million for the first nine months of
2007
++ Intrinsic value (NAV) reaches record level of Euro 1.43 per share as of
31 October
Heliad, a publicly listed private equity investment company, generated
earnings after tax (IFRS) of Euro 3.8 million, or 5 cents per share, in the
first nine months of 2007 (30 September). Earnings after tax for the
equivalent period in the previous year had amounted to Euro 7.2 million (21
cent per share). The decline in the current financial year is due to the
fact that, unlike in the previous year, the most important value drivers
will be accounted for in the income statement in the fourth quarter, rather
than in the third quarter. In particular, the IPO of SHB, one of Heliad’s
portfolio companies, in October will generate substantial income at Heliad
in the fourth quarter.
This is already apparent from the calculation of the company’s inherent
value (NAV) undertaken after the end of the nine-month period as of 31
October 2007. Based on current valuations, Heliad’s NAV has risen to around
Euro 100 million, or Euro 1.43 per share. The equivalent figure at the
reporting date for the first nine months (30 September 2007) still amounted
to Euro 94 million, or Euro 1.34 per share.
Provided that the highly positive performance of the current fourth quarter
is not reversed, for example due to negative factors on the stock markets,
then Heliad expects to exceed the level of earnings after tax reported in
2006, in itself a record year, once again in the current 2007 financial
year.
Heliad’s balance sheet continued to show a strong equity ratio of 100% at
the reporting date on 30 September. Moreover, the company also had cash and
cash equivalents amounting to Euro 8 million at its disposal.
The complete quarterly report can be downloaded from the internet at
http://www.heliad.de/de/investorrelations/finanzberichte.
++ About Heliad
Heliad is a publicly listed investment company that focuses on companies in
predominantly German-speaking countries that are undergoing a strong growth
phase. Heliad invests into established, owner-run business models with
sales of between Euro 10 and 100 million.
With this strategy Heliad has occupied a highly attractive niche
between Venture Capital and large Buyouts. With around 3,750 employees, the
current total of 14 companies within Heliad’s portfolio generate combined
sales of more than Euro 370 million.
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
14.11.2007 Financial News transmitted by DGAP
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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
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