DGAP-News: Heliad Equity Partners publishes quarterly financial report for Q3 2011
(firmenpresse) - DGAP-News: Heliad Equity Partners GmbH&Co. KGaA / Key word(s):
Quarter Results
Heliad Equity Partners publishes quarterly financial report for Q3
2011
15.11.2011 / 14:37
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Heliad Equity Partners (ISIN: DE000A0L1NN5) publishes its definitive
figures for the first three quarters as of today. The company generated
consolidated sales from continuing operations of EUR 32.3 million (IFRS) in
the first three quarters 2011 (Q3 2010: EUR 40.8 million). Operating
earnings (EBITDA) as of EUR 3.0 million are above previous year figures (Q3
2010: EUR 2.3 million). The decline in valuations of listed companies due
to the recent turbulence in financial markets burdened the net income with
a net effect of EUR -3.3 million in the third quarter. Net income from
continuing operations therefore amounted to EUR -4.6 million in the first
three quarters (Q3 2010: EUR 4.8 million).
Discontinued operations positively affected consolidated net income with an
amount of EUR 14.1 million so that the consolidated net income in the first
three quarters amounted to EUR 9.5 million. This contribution to net income
resulted mainly from effects of the deconsolidation of portfolio companies.
With total assets amounting to EUR 97.6 million in the consolidated balance
sheet of Heliad as of 30 September 2011, an increased equity of EUR 61.2
million (31.12.2010: EUR 50.6 million) and a sound equity ratio of 63%
(31.12.2010: 39%) is shown. Cash and cash equivalents less financial
liabilities were reduced by repayments of short-term liabilities to EUR
27.2 million (31.12.2010: EUR 30.7 million). On 30 September 2011 the net
asset value amounted to EUR 5.22 per share (31.12.2010: EUR 5.62 per
share).
The quarterly financial report will be released today under the section
Investor Relations on www.heliad.com.
++ About Heliad
Heliad is an investment company that supports companies in growth and
change phases as Equity Partner. Special criteria of the investment
strategy are the active support of investment companies and the ability to
implement appropriate individual financing solutions. Thus Heliad invests
in listed and unlisted companies and can invest in majority and minority
interests. About Heliad visit www.heliad.com.
Contact:
Heliad Equity Partners GmbH&Co. KGaA
Andreas Lange
Managing Director
Phone: +49 69 71 91 59 65 0
E-mail: investor-relations(at)heliad.com
End of Corporate News
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Language: English
Company: Heliad Equity Partners GmbH&Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Germany
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
E-mail: info(at)heliad.com
Internet: www.heliad.com
ISIN: DE000A0L1NN5
WKN: A0L1NN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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146407 15.11.2011
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Datum: 15.11.2011 - 14:37 Uhr
Sprache: Deutsch
News-ID 87930
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