DGAP-News: TIG Themis Industries Group: 2009 Q1 financial statements published

TIG Themis Industries Group GmbH & Co. KGaA / Quarter Results

14.05.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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++ 2009 Q1 financial statements published
++ Net loss of EUR 1.5 m.
++ Approximately EUR 19 m. in liquidity
++ NAV as of 31 March rises to EUR 6.88 per share

Themis Industries Group (TIG) (ISIN: DE0007857575) posted a net loss of EUR
1.5 million for the first quarter of 2009 (2008 Q1: minus EUR 8.7 million).
The primary reason was a EUR 1.73 million write-down of exchange-traded
investments in TIG's portfolio, necessitated by price declines over the
first three months of the year. This made for slightly negative
first-quarter earnings per share of minus EUR 0.29.

As of 31 March 2009, balance-sheet equity was EUR 37.1 million, thereby
significantly exceeding the Company's market capitalisation of EUR 10
million as of the reporting date. With liabilities to banks of EUR 5.2
million being taken into account, TIG showed an equity ratio of 85% at the
end of the first quarter.

TIG's current assets as of 31 March 2009 equalled EUR 18.9 million, of
which EUR 14.0 million represented bank deposits. Hence, as of the
reporting date, the Company's market capitalisation was 140% supported by
cash balances.

In first-quarter 2009, capital calls for fund investments were made in the
amount of EUR 1.5 million, with simultaneous return cash flows to TIG of
EUR 150,000. To further optimise TIG's financial structure and as part of
the Company's repositioning, four fund investments were sold during the
reporting period. This brought in proceeds to the Company equivalent to
around EUR 5.0 million.

TIG's net asset value (NAV) as of 31 March 2009 was EUR 6.88 per share,
0.18 cents above the previous quarter's level. As of the reporting date,
TIG shares were being quoted at a 72% discount to NAV.

Christoph D. Kauter, CEO of TIG, commented: 'With an eye to the remainder
of 2009, we are anticipating good investment opportunities, a balance sheet
with little volatility, and good preservation of value of the existing
portfolio. The target size we are aiming for this year is two investments.
Slowly but surely, the market environment is putting the appropriate
business conditions in place. In addition, we will be setting up additional
'partner teams' to work with us in collaboration, thereby further
strengthening our already good position throughout Europe. The Company has
a comfortable financial position, giving it the appropriate leeway to
implement its announced investment strategy.'

The complete first-quarter financial statements will be available at
www.themis-industries.de/43-0-Finanzberichte over the course of the day.

++ About TIG Themis Industries Group

The TIG Themis Industries Group is an industrial holding company that
specialises in investments in small- and medium-sized companies in
turnaround and special situations. Restructuring teams throughout Europe
quickly revitalise TIG's equity interests to create competitive, high
return companies. These investments are then either sold at a profit or
remain in the portfolio as base investments providing high dividends and
returns.

Contact:
TIG Themis Industries Group GmbH & Co. KGaA
Ulf Boenicke
Head of Investor Relations
Phone: +49 69 71 91 59 65 39
investor-relations@themis-industries.de


DGAP 14.05.2009 
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Language:     English
Issuer:       TIG Themis Industries Group GmbH & Co. KGaA
              Grüneburgweg 18
              60322 Frankfurt am Main
              Deutschland
Phone:        069 - 71 91 59 65 - 0
Fax:          069 - 71 91 59 65 - 11
E-mail:       info@themis-industries.de
Internet:     http://www.themis-industries.de
ISIN:         DE000A0XYL04
WKN:          A0XYL0
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München
End of News                                     DGAP News-Service
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