Heliad Equity Partners GmbH & Co. KGaA / Preliminary Results
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++ Heliad Equity Partners releases preliminary figures for 2009
++ Consolidated group sales of EUR 32mn - Operating result of minus
++ Net Asset Value of EUR 6.50 and cash and equivalents of EUR 2.85
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
Phone: +49 69 71 91 59 65 39
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
Company: Heliad Equity Partners GmbH & Co. KGaA
60322 Frankfurt am Main
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
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