Navigator Equity Solutions SE / Key word(s): Final Results/Final Results
29.04.2011 16:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
AD HOC Release
Navigator Equity Solutions SE announces results for the fiscal year 2010
Waalre, April 29, 2011 - Navigator Equity Solutions SE hereby announces its
results for the fiscal year 2010. The company's financial statements have
been approved by the Supervisory Board and have received an unqualified
auditor's opinion from the independent auditors of KPMG Accountants N.V.
In the fiscal year 2010, the group generated total revenues of 10.8m euros
(2009: 12.2m euros). These were made up from 10.1m euros (2009: 12.1m
euros) at our operating subsidiaries IT Competence Group N.V. and The ACON
Group SE as well as 0.7m euros (2009: 0.1m euros) from investments held for
trading.
Operating income (EBIT) for the period amounted to 0.5m euros (2009: -0.3m
euros).
After deduction of income taxes amounting to 0.3m euros (2009: 0.1m euros)
and a profit recognition from discontinued operations in the amount of 0.2m
euros (2009: 0.1m euros) net income amounted to 0.4 euros (2009: -0.5m
euros).
The individual balance sheet items have developed as follows:
The group's balance sheet total was down from 24.6m euros to 18.9m euros.
Current assets were reduced from 16.2m euros to 10.6m euros. This
development is for the most part due to a reduction of cash and cash
equivalents from 8.1m euros to 3.6m euros due to the deconsolidation of
Kaldron N.V. and the purchase of own shares in fiscal year 2010.
Long-term liabilities were down from 0.4m euros in 2009 to 0.0m euros in
2010 while current liabilities were reduced from 5.8m euros to 2.0m euros.
The group's total equity was reduced from 18.4m euros to 16.8m euros The
group's equity ratio as of December 31, 2010 improved to 89.1% (2009:
75.0%).
The complete annual report is available for download on 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@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.
29.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Navigator Equity Solutions SE
Laan van Diepenvoorde 3
5582 LA Waalre
Niederlande
Phone: +49 89 244118-414
Fax: +49 89 244118-499
E-mail: info@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 Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: Navigator Equity Solutions SE: Navigator Equity Solutions SE announces results for the fiscal year 2010
| Source: EQS Group AG