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