Annual Report 2007: Heliad confirms preliminary result and a profit of 7 cents per share

Heliad Equity Partners GmbH & Co. KGaA / Final Results
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By presenting the audited figures in the 2007 Annual Report, the publicly listed investment company Heliad confirmed the preliminary result of 7 cents per share published on 25 February 2008.

Despite a difficult second half of the year, Heliad achieved the best but one result since the company’s formation in the form of net profit of Euro 5.0 million for the 2007 financial year. This was achieved, on the one hand, by the price gains of listed holdings amounting to Euro 10.1 million as well as increases in the value of unlisted holdings following their positive operating development amounting to Euro 6.6 million.
On the expenditure side, write-downs of financial assets amounted to about Euro 5.7 million, particularly as a result of impairment losses of listed holdings based on declining prices in the generally weaker market environment. Sundry operating expenses amounted to Euro 6.5 million.
Heliad’s equity capital showed an increase of 5% on 31 December 2007 compared to the previous year and, at the rate of Euro 95.2 million, reached the highest level at the end of a financial year since the company was first established. Interest-bearing liabilities amounted to only Euro 2 million and thus confirm the company’s strong equity capital-based financial structure.

During the financial year 2007, Heliad invested about Euro 35 million in six promising, strong growth companies. Following a substantial expansion of the portfolio over the last two years, Heliad also aims at increasingly profitable sales, accompanied by the continuous acquisition of further holdings in 2008.

Heliad’s intrinsic value (NAV) on 29 February, 2008 amounted to Euro 1.23 per share. Based on an officially quoted price of Euro 0.75 per share on this date, the intrinsic value is discounted at the rate of 39%.
In view of the satisfactory operating development of the holdings despite the recent turbulence in the capital markets, Heliad’s management continues to anticipate a positive development of the company’s business in 2008.
++ About Heliad

Heliad is an publicly listed equity investment company investing in strong growth companies in German speaking countries. Heliad targets established owner-managed business models having a turnover of between Euro 10 and 100 million. In view of this investment focus, Heliad is positioned in the attractive niche between venture capital and large buyouts. The at present 14 companies in Heliad’s portfolio employing a workforce of about 4,000 had a combined turnover of more than Euro 700 million.
Further information concerning the company can be found at

Heliad Equity Partners GmbH & Co. KGaA
Alexander Mitsch
Chief Financial Officer
Tel.: +49 (0) 69 71 91 59 65 28

19.03.2008  Financial News transmitted by DGAP

Language:     English
Issuer: Heliad Equity Partners GmbH & Co. KGaA               Grüneburgweg 18
              60322 Frankfurt am Main
Phone:        +49 (0)69 719 15 965 0
Fax:          +49(0)69 719 15 965 11
ISIN:         DE0006047293
WKN:          604729
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, München, Stuttgart
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