DGAP-News: Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Half
Year Results
Heliad Equity Partners GmbH & Co. KGaA publishes Interim Report as of
June 30, 2011
15.08.2011 / 08:00
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Heliad publishes Interim Report as of June 30, 2011
Frankfurt am Main, 15 August 2011 - Heliad Equity Partners (ISIN:
DE000A0L1NN5) publishes its definitive figures for the first half-year 2011
as of today. The company generated consolidated sales from continuing
operations of EUR 21.9 million (IFRS) in the first half-year 2011 (HY 2010:
EUR 25.2 million). Operating earnings (EBITDA) as of EUR 2.2 million are
below previous year figures (HY 2010: EUR 3.1 million). The half-year
decline in valuations of listed companies with a net effect of EUR -1.0
million burdened the net income and lead to a slightly negative net income
from continuing operations of EUR -0.4 million (HY 2010: EUR 2.2 million).
Discontinued operations positively affected consolidated net income with an
amount of EUR 14.1 million so that the consolidated net income amounted to
EUR 13.7 million. This contribution to net income resulted mainly from
effects of the deconsolidation of RT group and Unicorn and is basically not
liquidity-related.
With total assets amounting to EUR 98.6 million in the consolidated balance
sheet of Heliad as of June 30, 2011, a significantly increased equity of
EUR 66.3 million (31.12.2010: EUR 50.6 million) and consequently a higher
equity ratio of 67% (31.12.2010: 39%) is shown. Cash and cash equivalents
less financial liabilities were reduced by repayments of short-term
liabilities to EUR 26.7 million (31.12.2010: EUR 30.7 million). On 30 June
2011 the net asset value amounted to EUR 5.63 per share (31.12.2010: EUR
5.62 per share).
Given the actual turbulence in financial markets, Heliad has been confirmed
to have accelerated in recent share sales and to have increased the free
cash successively. Heliad will now be able to use the low stock market
valuations to analyse increasingly investments in favourably valued listed
companies (so-called PIPE transactions). The aim of such investments,
similar to investments in privately held companies, is to develop the
company as a financial partner of the management and later sell the
investment profitable.
The interim financial report will be released today under www.heliad.com.
About Heliad
Heliad is an investment company that supports companies in growth and
change phases as Equity Partner. Special criteria of the investment
strategy are the active support of investment companies and the ability to
implement appropriate individual financing solutions. Thus Heliad invests
in listed and unlisted companies and can invest in majority and minority
interests. About Heliad visit www.heliad.com.
Contact
Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
D - 60322 Frankfurt am Main
Investor Relations
Melanie Büsing
Finance Director
Tel.: +49 (0)69 71 91 59 65 0
E-mail: investor-relations@heliad.com
Press
edicto GmbH
Axel Mühlhaus
T +49 (0)69. 90 55 05 52
amuehlhaus@edicto.de
End of Corporate News
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15.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Germany
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
E-mail: info@heliad.com
Internet: www.heliad.com
ISIN: DE000A0L1NN5
WKN: A0L1NN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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135583 15.08.2011
DGAP-News: Heliad Equity Partners GmbH & Co. KGaA publishes Interim Report as of June 30, 2011
| Source: EQS Group AG