DGAP-News: Navigator Equity Solutions SE announces its preliminary results for the first half of the fiscal year 2010
(firmenpresse) - Navigator Equity Solutions SE / Half Year Results/Preliminary Results
20.08.2010 09:46
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Maastricht, August 20, 2010 - Navigator Equity Solutions SE hereby
announces its preliminary, unaudited results for the first half of the
fiscal year 2010.
In the first six months of the fiscal year 2010, the group generated
operating sales of 4.5m euros (2009: 10.1m euros). The decrease in revenues
is mainly attributable to the deconsolidation of Kaldron N.V. as well as to
lower revenues at IT Competence Group N.V.
Taking into account revenues from investment activities amounting to 0.3m
euros (2009: 0.5m euros), total revenues for the first half year amounted
to 4.9m euros (2009: 10.6m euros).
EBIT (operating income) for the reporting period amounted to 0.1m euros
(2009: 0.2m euros). Income for the period amounted to -0.1m euros (2009:
0.1m euros).
The individual balance sheet items have developed as follows:
The group's balance sheet total was down from 24.6m euros to 19.6m euros.
For the most part this is due to the deconsolidation of Kaldron N.V. after
the successful sale of the company in March 2010. Fixed assets decreased
from 8.4m euros to 8.3m euros while current assets were down from 16.2m
euros to 11.3m euros. This includes a total of cash and cash equivalents
and financial assets amounting to 9.4m euros (2009: 13.6m euros).
The group's total equity was reduced from 18.4m euros to 17.4m euros which
is also mainly due to the deconsolidation of Kaldron N.V. The group's
equity ratio as of June 30, 2010 increased to 88.9% (2009: 75.0%).
Long-term liabilities, consisting mainly of provisions, were reduced from
0.4m euros to 0.2m euros while current liabilities were down from 5.8m
euros to 2.0m euros.
The positive economic development in Germany has also provided new impetus
for the business environment of our operating subsidiaries. However, the
recent development of the financial markets was characterised by increasing
doubts about the further economic development. Against this background, for
the full fiscal year 2010 we still expect to generate a positive operating
income in excess of previous year's result. However, this expectation
remains subject to a number of significant risks.
Forward-looking statements
This press release contains forward-looking statements. These statements
are based on current expectations, estimates and projections of the
management of Navigator Equity Solutions SE and information currently
available to the company. The statements involve certain risks and
uncertainties that are difficult to predict and therefore Navigator Equity
Solutions SE does not guarantee that its expectations will be realized.
Furthermore, Navigator Equity Solutions SE has no obligation to update the
statements contained in this press release.
For further information about our company please refer to our website
www.navigator-equity.com.
For further questions please contact our Investor Relations team
directly.
Navigator Equity Solutions SE
Investor Relations
t.: +49 89-244118-413
f.: +49 89-244118-499
info(at)navigator-equity.com
Navigator Equity Solutions SE is a publicly listed integrated financial
services company offering a broad range of capital market related services
for small and medium-sized companies. The company's business activities
comprise direct investments and consulting as well as investment banking.
Its subsidiary ACON Actienbank AG has an excellent market position as an
independent investment bank in the small and midcap segment.
20.08.2010 09:46 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Navigator Equity Solutions SE
Europalaan 24
6199 AB Maastricht
Niederlande
Phone: +49 89 244118-413
Fax: +49 89 244118-499
E-mail: info(at)navigator-equity.com
Internet: www.navigator-equity.com
ISIN: NL0009538008
WKN: A1CUJD
Listed: Regulierter Markt in München; Freiverkehr in Berlin; Open
Market in Frankfurt
End of News DGAP News-Service
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Datum: 20.08.2010 - 09:46 Uhr
Sprache: Deutsch
News-ID 32044
Anzahl Zeichen: 0
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Kategorie:
Business News
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