Heliad Equity Partners releases preliminary figures for 2009

Heliad Equity Partners GmbH & Co. KGaA / Preliminary Results
18.03.2010 20:09

Dissemination of an 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.

++ Heliad Equity Partners releases preliminary figures for 2009 ++ Consolidated group sales of EUR 32mn - Operating result of minus    EUR 0.9mn
++ Net Asset Value of EUR 6.50 and cash and equivalents of EUR 2.85    per share

Heliad Equity Partners (ISIN: DE000A0L1NN5) released today preliminary figures for the financial year 2009. Thus, the company expects after the presentation of the preliminary IFRS figures a consolidated group sales without portfolio disposals in the amount of EUR 32mn (2008 including portfolio disposals: EUR 69.3mn), an operating result (EBITDA) of minus EUR 0.9mn (EUR 5.9mn) and net earnings which were driven by write-offs on the existing portfolio in the amount of minus EUR 9.7mn (minus EUR 28.6mn).
Including the taken-over assets of TIG Themis Industries Group, the group balance sheet of Heliad as of the 31st of December 2009 showed an increase in volume by 20% to EUR 115mn (EUR 96mn). The equity grew to EUR 78mn (EUR 65mn) with debt in the amount of EUR 37mn (31mn). Hence, Heliad has a solid equity ratio of around 68%. Heliad's balance sheet contains long-term assets of EUR 57mn (EUR 31mn) and short-term assets (cash, equivalents and receivables) of EUR 58mn (65mn). Cash and equivalents remained at a stable EUR 35mn (EUR 36.1mn).

On the basis of the fully consolidated amount of 12.3mn shares this equates to cash and equivalents of EUR 2.85 per share and covers for circa 75% of the current share price of EUR 3.85. As of the 31st of December 2009, the consolidated NAV stayed at EUR 6.50 per share.

The results are unaudited. Driven by the merger of Heliad and TIG, the release of the audited financial and group statements are expected to be released on the 20th of April 2010.

Heliad Equity Partners GmbH & Co. KGaA
Christoph D. Kauter
Deputy CEO
Phone: +49 69 71 91 59 65 39
E-mail: investor-relations@heliad.com

18.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

Language:     English
Company: Heliad Equity Partners GmbH & Co. KGaA               Grüneburgweg 18
              60322 Frankfurt am Main
Phone:        +49 69 71 91 59 65 0
Fax:          +49 69 71 91 59 65 11
E-mail:       info@heliad.com
Internet:     www.heliad.com
ISIN:         DE000A0L1NN5
WKN:          A0L1NN
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, München, Stuttgart
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