Heliad Equity Partners GmbH & Co. KGaA: Financial data (IFRS) published for the first half of 2006


Heliad Equity Partners GmbH & Co. KGaA / Quarter Results


Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

++ Financial data (IFRS) published for the first half of 2006 ++ Positive result of 2.86 million Euros for he first six months ++ Net Asset Value at 1.18 Euro per share as of 30th June 2006
Heliad Equity Partners has published its financial data for the first six months of 2006 according to IFRS. This showed sales volumes of 0.06 million Euros and other company revenues of 4.0 million Euros (comparable period previous year: 0 Euro), which were particularly achieved by sales of shares and appreciations of company participations in the course of initial public offerings on the stock market. The proceeds stand against a total expenditure of approximately 1.33 million Euros (previous year: 0.46 million Euros), consisting of depreciations of short-term and long-term assets amounting to 0.28 million Euros and other company expenses amounting to 1.05 million Euros. The non-recurrent expenses of 2.26 million Euros in conjunction with the successfully consumed capital increases in the first half year were offset in accordance with IAS 32,37 against the equity capital, which amounted to 52.88 million Euros on 30th June 2006. After consideration of the positive financial result of 0.12 million Euros, the company presents an accounting result according to the IFRS financial accounting regulations of 2.86 million Euros for the second half of 2006 (previous year: -0.46 million Euros). Cash and equivalents at the end of the quarter amounted to 27.63 million Euros (previous year: 0.23 million Euros). The Net Asset Value rose against the previous year by 13 Cent to 1.18 Euro per share and thus represents the continued positive development of the portfolio (previous year: 1.05 Euro per share).
In contrast to the first quarter, the second quarter did not contribute to sales and other revenues, but was mainly characterized by expenses in connection with the ordinary management of the company. In the second quarter expenses amounted to approximately 0.78 million Euros (previous year: 0.18 million Euros), consisting of depreciations of short-term and long-term assets amounting to 0.25 million Euros and other company expenses amounting to 0.53 million Euros. After consideration of the positive financial result of 0.12 million Euros, the company presents an accounting result according to the IFRS financial accounting regulations of -0.66 million Euros for the second quarter (previous year: -0.17 million Euros). As of 30th June, the Net Asset Value slightly decreased by 2 Cents to 1.18 per share (1.20 Euro per share as of 31st March 2006).
For the second half of this year management expects at least three further exits, either in the way of a trade sale or IPO. At the end of July it is expected to float the real estate development firm MAGNAT Real Estate Opportunities which is part of the portfolio since the beginning of last quarter. As of 30th June, Heliad`s shares in MAGNAT have been accounted at the acquistion costs of 1 Euro per share.

About Heliad
Heliad Equity Partners (WKN: 604 729) is a private equity firm concentrating on companies mainly in the German-speaking area. Investments are made in companies that are in a strong expansion period or a special situation. The aim is to produce a good over-average risk/return ratio for the shareholders. The investor thus intensively participates with Heliad in the expansion opportunities not only of the traditional German middle class but also of aspiring German technological companies.
Contact:
Heliad Equity Partners GmbH & Co. KGaA 
Christiane Neblung
Leiterin Marketing & Kommunikation
Freiherr-vom-Stein-Straße 31
60323 Frankfurt

Tel.: +49(0)69 713 75 88 17
Fax: +49(0)69 713 75 88 89
E-Mail: christiane.neblung@vch-group.de


DGAP 21.07.2006 

 
Language:     English
Issuer: Heliad Equity Partners GmbH & Co. KGaA               Freiherr-vom-Stein-Straße 31
              60323 Frankfurt am Main Deutschland
Phone:        +49 (0)69 713 75 88 80
Fax:          +49(0)69 713 75 88 11
E-mail:       christiane.neblung@sigma-capital.de
WWW:          www.heliad.de
ISIN:         DE0006047293
WKN:          604729
Indices:      
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart  
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