Heliad Equity Partners GmbH & Co. KGaA / Quarter Results
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++ Financial report published for third quarter of 2008
++ Very sound financial basis for expansion of portfolio
Heliad Equity Partners GmbH & Co. KGaA (DE0006047293/ WKN 604729) reported
negative earnings after taxes of minus EUR 4.2 million in the third quarter
of 2008 (Q3 2007: minus EUR 1.9 million). At EUR 79.8 million,
shareholders' equity as reported in the balance sheet as of 30 September
2008 (31 December 2007: EUR 95.1 million) exceeded the market
capitalisation at the same date of EUR 33.6 million by a clear margin. At
quarter’s end, the Heliad Group reported an equity ratio of 74%. Current
assets as of 30 September 2008 came to EUR 65.8 million (31 December 2007:
EUR 31.6 million), while liquidity amounted to EUR 36.4 million (31
December 2007: EUR 5.3 million).
At EUR 1.14 per share, Heliad's net asset value (NAV) as of 30 September
2008 was seven cents lower than in the second quarter 2008 primarily due to
the price declines in Heliad's exchange-listed investments. Accordingly,
the share price was quoted at a record discount of 58% to NAV on the
reporting date.
'Our financial situation continues to be very sound. With our current
portfolio, adequate liquidity and no bank debts – due in particular to the
sale of a portion of our portfolio to the English investor Greenpark
Capital – and a credit line with banks in the amount of EUR 20 million, we
are very well equipped for the future,' said Ralf Flore, Chief Executive
Officer of Heliad. 'In light of dropping market valuations due to the
current situation in the financial markets, we are convinced that we will
be able to expand our portfolio at attractive conditions in the near
future.'
The complete quarterly report can be downloaded from:
http://www.heliad.de/investor-relations-1/publications/financial-reports
++ About Heliad
Heliad is a 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 10 and 100 million Euro and a focus on service companies
('asset-light focus'). Heliad uses this investment focus and a
buy-and-build strategy to position itself in an attractive niche between
Venture Capital and large Buyouts. With around 4,000 employees, the current
total of 13 companies within Heliad’s portfolio generate combined sales of
more than 650 million Euro. More detailed information on the company is
available at www.heliad.de.
Contact:
Heliad Equity Partners GmbH & Co. KGaA
Thomas Kunder
Chief Financial Officer
Tel.: +49 (0) 69 71 91 59 65 39
E-Mail: investor-relations@heliad.de
10.11.2008 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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