DGAP-News: Heliad Equity Partners GmbH & Co. KGaA
/ Key word(s): Annual Results
Frankfurt am Main, 1 April 2020 - Heliad Equity Partners (ISIN: DE000A0L1NN5, HPBK.GR) today published its figures for the 2019 financial year.
Mainly as a result of high write-ups on shares in publicly listed flatex AG (formerly FinTech Group AG), earnings of EUR 11.3 million (previous year: EUR -56.6 million) in accordance with IFRS accounting standards were significantly higher than in the previous year.
In the financial statements according to HGB accounting standards, the result of EUR -3.9 million was recorded. This strong improvement on the previous year (EUR -9.5 million) is largely due to profits from the sale of shares in flatex AG, CYAN AG and DEAG Deutsche Entertainment AG.
At the end of the year, Heliad's share price was trading at a discount of around 44.1% to its net asset value, which amounted to EUR 7.39 per share as of 31.12.2019 (previous year: EUR 6.20). The company's equity pursuant to IFRS amounts to EUR 72.7 million (previous year: EUR 61.2 million) and has an equity ratio of 99.2% (previous year: 96.6%).
Heliad had liquid funds of EUR 1.2 million as of 31.12.2019 (previous year: EUR 0.3 million). Heliad expects to receive further liquidity of EUR 3.8 million from the sale of its shares in AlphaPet Ventures GmbH in mid-April 2020.
The full annual report will be published on www.heliad.com in the Investor Relations area.
Further information about Heliad can be found at www.heliad.com
01.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Heliad Equity Partners GmbH & Co. KGaA|
|60322 Frankfurt am Main|
|Phone:||+49 69 71 91 59 65 0|
|Fax:||+49 69 71 91 59 65 11|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1012115|
|End of News||DGAP News Service|