Navigator Equity Solutions SE
Navigator Equity Solutions SE: Navigator Equity Solutions SE announces its preliminary results for the first half of the fiscal year 2011
Navigator Equity Solutions SE / Key word(s): Half Year Results/Half Year Results Corporate News Navigator Equity Solutions SE announces its preliminary results for the first half of the fiscal year 2011 Waalre, August 31, 2011 – Navigator Equity Solutions SE hereby announces its preliminary, unaudited results for the first half of the fiscal year 2011. In the first six months of the fiscal year 2011, the group generated operating sales of 5.0m euros (2010: 4.5m euros). Taking into account income from investment activities amounting to -0.2m euros (2010: 0.2m euros), total revenues for the first half year amounted to 4.8m euros (2010: 4.7m euros). EBIT (operating income) for the reporting period amounted to -1.1m euros (2010: -0.1m euros). Income for the period amounted to -1.1m euros (2010: 0.0m euros). The individual balance sheet items as of June 30, 2011 have developed as follows: The group’s balance sheet total was up from 18.9m euros (31.12.2010) to 19.3m euros. Fixed assets increased from 8.2m euros (31.12.2010) to 8.9m euros while current assets were slightly down from 10.6m euros (31.12.2010) to 10.4m euros. This includes a total of cash and cash equivalents and financial assets amounting to 7.7m euros (31.12.2010: 9.0m euros). The group’s total equity was reduced from 16.8m euros (31.12.2010) to 15.9m euros. The group’s equity ratio as of June 30, 2011, decreased to 82.1% (31.12.2010: 89.1%). Long-term liabilities were up from 0.0m euros (31.12.2010) to 0.4m euros as well as current liabilities from 2.0m euros (31.12.2010) to 3.0m euros. Generally the positive economic development in Germany in the first half year of 2011 has also provided a favourable business environment of our operating subsidiaries. Unfortunately especially our operating participation IT Competence Group SE was not able to benefit from this development. Also, the recent development in the financial markets was characterised by increasing doubts about the further economic development globally. Against this background and based on the development of our group in the first six months of the fiscal year 2011, achieving our goal of a positive operating income for the full fiscal year is challenging and remains subject to a number of significant risks. Forward-looking statements This press release contains forward-looking statements. These statements are based on current expectations, estimates and projections of the management of Navigator Equity Solutions SE and information currently available to the company. The statements involve certain risks and uncertainties that are difficult to predict and therefore Navigator Equity Solutions SE does not guarantee that its expectations will be realized. Furthermore, Navigator Equity Solutions SE has no obligation to update the statements contained in this press release. For additional information regarding Navigator Equity Solutions SE please visit www.navigator-equity.com. For further questions please contact our Investor Relations team directly. Navigator Equity Solutions SE 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. End of Corporate News 31.08.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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 | ||
Netherlands | ||
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 News | DGAP News-Service |
137787 31.08.2011 |