DGAP-News: Navigator Equity Solutions SE: Navigator Equity Solutions SE announces its preliminary results for the first half of the fiscal year 2011
(firmenpresse) - DGAP-News: Navigator Equity Solutions SE / Key word(s): Half Year
Results/Half Year Results
Navigator Equity Solutions SE: Navigator Equity Solutions SE announces
its preliminary results for the first half of the fiscal year 2011
31.08.2011 / 15:54
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Corporate News
Navigator Equity Solutions SE announces its preliminary results for the
first half of the fiscal year 2011
Waalre, August 31, 2011 - Navigator Equity Solutions SE hereby announces
its preliminary, unaudited results for the first half of the fiscal year
2011.
In the first six months of the fiscal year 2011, the group generated
operating sales of 5.0m euros (2010: 4.5m euros).
Taking into account income from investment activities amounting to -0.2m
euros (2010: 0.2m euros), total revenues for the first half year amounted
to 4.8m euros (2010: 4.7m euros).
EBIT (operating income) for the reporting period amounted to -1.1m euros
(2010: -0.1m euros). Income for the period amounted to -1.1m euros (2010:
0.0m euros).
The individual balance sheet items as of June 30, 2011 have developed as
follows:
The group's balance sheet total was up from 18.9m euros (31.12.2010) to
19.3m euros. Fixed assets increased from 8.2m euros (31.12.2010) to 8.9m
euros while current assets were slightly down from 10.6m euros (31.12.2010)
to 10.4m euros. This includes a total of cash and cash equivalents and
financial assets amounting to 7.7m euros (31.12.2010: 9.0m euros).
The group's total equity was reduced from 16.8m euros (31.12.2010) to 15.9m
euros. The group's equity ratio as of June 30, 2011, decreased to 82.1%
(31.12.2010: 89.1%).
Long-term liabilities were up from 0.0m euros (31.12.2010) to 0.4m euros as
well as current liabilities from 2.0m euros (31.12.2010) to 3.0m euros.
Generally the positive economic development in Germany in the first half
year of 2011 has also provided a favourable business environment of our
operating subsidiaries. Unfortunately especially our operating
participation IT Competence Group SE was not able to benefit from this
development. Also, the recent development in the financial markets was
characterised by increasing doubts about the further economic development
globally. Against this background and based on the development of our group
in the first six months of the fiscal year 2011, achieving our goal of a
positive operating income for the full fiscal year is challenging and
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 additional information regarding Navigator Equity Solutions SE please
visit www.navigator-equity.com.
For further questions please contact our Investor Relations team directly.
Navigator Equity Solutions SE
Investor Relations
t.: +49 89-244118-413f.: +49 89-244118-499
info(at)navigator-equity.com
Navigator Equity Solutions SE is a publicly listed (regulated market of the
Munich stock exchange) investment company with an investment focus on
majority and minority participations in European service companies. The
investment portfolio comprises companies from the financial services,
digital media services and IT services industries.
End of Corporate News
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31.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Navigator Equity Solutions SE
Laan van Diepenvoorde 3
5582 LA Waalre
Netherlands
Phone: +49 89 244118-414
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,
Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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Datum: 31.08.2011 - 15:54 Uhr
Sprache: Deutsch
News-ID 61141
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